Using the Rule of 70, a Sustained 3 Percent Per

question 25

Multiple Choice

Using the rule of 70, a sustained 3 percent per year real GDP growth rate will

• A)double the current level of real GDP in about 23 years.
• B)double the current level of real GDP in about 210 years.
• C)double the current level of real GDP in about 40 years.
• D)last for 70 years.
• E)double the current level of real GDP in about 70 years.