The Rule of 70 States That the Level of a Variable

question 4

Multiple Choice

The Rule of 70 states that the level of a variable will double in

• A) the number of years equal to the variable's annual growth rate minus 70.
• B) the number of years equal to the variable's annual rate of growth divided by 70.
• C) 70 years.
• D) the number of years equal to 70 multiplied by the variable's annual growth rate expressed as a decimal.
• E) the number of years equal to 70 divided by the variable's annual growth rate.

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Definitions:

Corporate Responsibility

A business concept where companies integrate social and environmental concerns in their operations and interactions with stakeholders, beyond minimum legal requirements.

Taxes

Compulsory financial charges or levies imposed by a government on individuals, corporations, transactions, or property to fund public expenditures.

Taxing Entities

Taxing entities are government bodies or jurisdictions with the authority to impose taxes on individuals, property, income, or transactions within their domain.

Inputs

Resources used in the production process, including raw materials, labor, and capital.