According to the Rule of 70, If a Country Grows

question 12

Multiple Choice

According to the Rule of 70, if a country grows at 2.0 per cent per year instead of 1.5 per cent per year, how years less will it take to double its level of real GDP?

• A) It will take 35 less years.
• B) It will take 58.3 less years.
• C) It will take 17.9 less years.
• D) It will take 20 less years.
• E) It will take 11.6 less years.

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