contestada

Given the annual rate of economic growth, the "rule of 70" allows one toA) determine the accompanying rate of inflation.B) calculate the number of years required for real GDP to double.C) calculate the size of the GDP gap.D) determine the growth rate of per capita GDP.

Respuesta :

Answer:

B) calculate the number of years required for real GDP to double

Explanation:

The rule of 70 calculates the amount of time it takes for an investment to double.

Given the annual rate of economic growth, the rule of 70 calculates the number of years required for real GDP to double.

It is calculated as 70 / annual rate of economic growth.

I hope my answer helps you.

Otras preguntas