rome File Edit View History Bookmarks Profiles Tab Window Help ? )) 91% Sun 8:27 PM Q System Login - CCR x Content Question 4 - Chapte x Uncertainty, Expects x | Uncertainty, Expect x Uncertainty, Expect x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.c... ( * # 0 Chapter 6. Homework Saved Save & Exit Submit Check my work 4 A mathematical approximation called the rule of 70 tells us how long it will take for something to double in size if it grows at a constant rate. The doubling time is approximately equal to the number 70 divided by the percentage rate of growth. Thus, if Panama's real GDP per person is growing at 7 percent per year, it will take about 10 years (= 70/7) to double. 10 joints Apply the rule of 70 to solve the following problem: Real GDP per person in Panama in 2017 was about $15,000 per person, while it was about $60,000 per person in the United States. If real GDP per person in Panama grows at the rate of 5 percent per year, about how long will it take Panama's real GDP per person to reach the level that the United States was at in 2017? (Hint: How many times eBook would Panama's 2017 real GDP per person have to double to reach the United States' 2017 real GDP per person?) Instructions: Enter your answer as a whole number. years B88 @ & 2 3 5 W R Y O