According to the "Rule of 70," If a Country Has

question 34

Multiple Choice

According to the "rule of 70," if a country has a population increase of 2% per year,how long will it take for it to double in size?

• A) 35 years
• B) 70 years
• C) 72 years
• D) 140 years
• E) it can not be determined

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Definitions:

Federal Income Tax

A tax levied by the U.S. federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

National Sales Tax

A tax imposed by the government on sales of goods and services, collected at the point of sale and paid by the final consumer.

Efficiency

The degree to which resources are used optimally to produce goods and services, minimizing waste and maximizing output.

Equality

The state of being equal, especially in status, rights, and opportunities, often pursued as an economic and social policy objective.