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    Principles of Economics Study Set 2
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    Exam 26: Production and Growth
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    Using the Rule of 70, Calculate How Many Years It
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Using the Rule of 70, Calculate How Many Years It

Question 25

Question 25

Multiple Choice

Using the rule of 70, calculate how many years it would take for John's income to double if he were to experience a 4 per cent increase in income per year.


A) 22 years
B) 17.5 years
C) 5.5 years
D) 25 years

Correct Answer:

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