The Rule of 70 Is

question 50

Multiple Choice

The rule of 70 is

• A)a formula used to determine the number of years it takes for something to double at a given growth rate.
• B)a theory explaining why countries tended to grow more rapidly during the 1970s.
• C)the principle,that for growth,a country needs government spending of at least 70 percent of GDP.
• D)a formula to compute the change in GDP that will occur as investment rises.

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