The Rule of 70 Is Used to

question 31

Multiple Choice

The Rule of 70 is used to

• A)estimate how much of an economy's growth rate is attributable to increases in capital per hour of labour.
• B)calculate the standard of living.
• C)calculate the economy's growth rate.
• D)estimate how long it will take the level of any variable to double.
• E)estimate how much of an economy's growth rate is attributable to technological advance.

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Definitions:

Word Root

A component of a medical term that does not have a combining form vowel attached.

Combining Form

In linguistics and grammar, a form or morpheme that combines with another to create a new word or to add to its meaning.

Suffixes

These are letter groups added at the end of a word to modify its meaning or create a new word.

Procedure

A series of actions conducted in a certain order or manner to achieve a desired result or perform a particular task.