Question
The average U.S. growth rate since 2008 has been 1.5% per year. Using the rule of 72, how long will it take for the size
The average U.S. growth rate since 2008 has been 1.5% per year. Using the rule of 72, how long will it take for the size of the U.S. economy to quadruple at this growth rate? Remember to round your answer up to two decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Economics
Authors: Roger A. Arnold
12th edition
978-1305758674, 1305758676, 978-1285738321
