Suppose That a Panel of Economists Predicts That a Nation's

question 60

Multiple Choice

Suppose that a panel of economists predicts that a nation's real GDP per capita will double in approximately 20 years. According to the rule of 70, what must be the predicted annual growth rate of real GDP per capita?

• A) 140%
• B) 3.5%
• C) 2.85%
• D) 14%