Multiple Choice
Suppose per capita real GDP grows by 2% per year. Based on the Rule of 70, approximately how many years will it take for the level of per capita real GDP to double (i.e., increase by 100%) ?
A) 3.5 years
B) 20 years
C) 35 years
D) 70 years
Correct Answer:
Verified
Correct Answer:
Verified
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