According to the Rule of 70, What Annual Growth Rate

question 66

Multiple Choice

According to the rule of 70, what annual growth rate would allow a country's output to double in 14 years?

• A) 1.4%
• B) 2.0%
• C) 5.0%
• D) 56.0%

---

Definitions:

Statement Of Cash Flows

A financial statement detailing the cash inflows and outflows from operating, investing, and financing activities, showing how a company's cash position changes over time.

Financial Structure

The mix of a company's liabilities and equity used to finance its assets, indicating how a company's operations are funded.

Balance Sheets

Financial statements that show a company's assets, liabilities, and equity at a specific point in time.

Fixed Assets

Long-term assets that a company uses in the production of its goods and services, such as buildings, machinery, and equipment, which are not expected to be converted into cash in the short term.