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Population grows by 1% per year, how fast must real GDP growth for the standard of living to double in 20 years? According to the

  1. Population grows by 1% per year, how fast must real GDP growth for the standard of living to double in 20 years?
  2. According to the rule of 70, how many years does it to double your investment at a 70% annual interest rate? Is this sensible?

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