Suppose Per Capita Real GDP Grows by 3

question 105

Multiple Choice

Suppose per capita real GDP grows by 3.5% per year. Based on the Rule of 70, approximately how many years will it take for the level of per capita real GDP to double (i.e., increase by 100%) ?

• A)3.5 years
• B)10 years
• C)20 years
• D)35 years

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Definitions:

Social Movements

Collective, organized efforts by groups of people to enact social change, often targeted at specific political or social issues.

Greenpeace

An international environmental organization focusing on issues such as climate change, deforestation, overfishing, and pollution, that uses peaceful protest and creative communication to draw attention to environmental issues.

Social Movements

Organized collective activities advocating for change in societies to promote or resist a particular social agenda.

Arab Spring

A series of anti-government protests, uprisings, and armed rebellions that spread across much of the Arab world in the early 2010s.