According to the Rule of 70, If a Country's Real

question 262

Multiple Choice

According to the rule of 70, if a country's real GDP per capita grows at an annual rate of 2% instead of 3%, it will take _____ additional years for that country to double its level of real GDP per capita.

• A) 35
• B) 11.67
• C) 23.3
• D) 30

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Definitions:

Portfolio

An aggregation of financial instruments such as company shares, debt securities, tangible commodities, available cash, and cash-like resources, including mutual funds and ETFs.

Perfectly Positively Correlated

A situation where two variables move in the same direction at the same rate, represented by a correlation coefficient of +1.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the values in a data set are.

Portfolio

A collection of investments held by an individual or institution which may include stocks, bonds, and other assets.