The Rule of 70 Applies

question 39

Multiple Choice

The Rule of 70 applies:

• A) only to GDP.
• B) only to GDP per capita.
• C) to any growth rate.
• D) only to developed countries.

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Definitions:

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits through various forms of instruction or training.

Wage Gap

The difference in earnings between two or more groups, often measured to assess disparities between genders, ethnicities, or other demographic categories.

High-Skill

Pertaining to jobs or workers that require a significant level of education, expertise, or experience to perform complex tasks.

Low-Skill

Referring to jobs or tasks that require a minimal level of education, training, or experience to perform.