suppose the real gdp per capita in an economy doubles in 10 years. Using the rule of 70 the average growth rate of real gdp for this economy is approximately?

A70%B. 0.7%C7%D1.43%

Is this statement true or false?

In 2007 ,China saved a higher percentage of its GDP than it invested in China and therefore was able to invest these extra savings in other economies, including the US economy. A government can adversely affect economic growth if there is political instability, poor enforcement of property rights.