menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 2
  4. Exam
    Exam 26: Production and Growth
  5. Question
    According to the Rule of 70, If a Variable Grows
Solved

According to the Rule of 70, If a Variable Grows

Question 60

Question 60

True/False

According to the rule of 70, if a variable grows at the rate of x% per year, then that variable doubles in approximately 70/x years.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q17: Given a production function Y = AF(L,

Q22: Suppose that the average weekly income in

Q24: The word productivity refers to:<br>A)the quantity of

Q25: The historical data show that:<br>A)the world's poorest

Q38: An economy can increase its real rate

Q40: New Zealand was the first country to

Q54: Workers' productivity depends on technological knowledge and

Q55: Australia's annual growth rate of real GDP

Q56: In the countries of South Asia in

Q57: Which of the following would not be

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2026) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines