Using the Rule of 70, Calculate Approximately How Many Years

question 10

Essay

Using the rule of 70, calculate approximately how many years it would take for a country's real per-capita GDP to double if the growth rate is:
a. 1 per cent
b. 2 per cent
c. 3.5 per cent
d. 10 per cent
e. 14 per cent

---

Definitions:

High Fever

A condition characterized by an abnormally high body temperature, often indicating an underlying illness or infection.

Falls Asleep

Refers to the transition from wakefulness into sleep, a natural part of the human circadian rhythm.

Whines

Complaining sounds or expressions, often high-pitched and indicative of discomfort, unhappiness, or discontent.

Spontaneous Recovery

The process in classical conditioning by which a conditioned response can recur after a time delay, without further conditioning.