A Convenient Rule of Thumb Called the "Rule of 72

question 38

Multiple Choice

A convenient rule of thumb called the "rule of 72" states that a quantity growing at x percent per year doubles in size approximately every (72/x) years.
-Refer to the information above.If an economy can raise its annual real GDP growth rate from 1.8 percent to 2.4 percent,its real GDP doubling time is reduced by ________ years.

• A)30
• B)24
• C)10
• D)43.2

Apply knowledge of validity types to evaluate psychological tests and measurements.

Identify and understand the role of construct validity in reflecting underlying ideas in tests.

Interpret the relationship between test-retest reliability and temporal stability of measures.

Understand the importance and calculation of interrater reliability in observing behaviors.

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