The Rule of 70 Indicates That a 6% Annual Increase

question 92

Multiple Choice

The rule of 70 indicates that a 6% annual increase in the level of real GDP would lead to the output doubling in approximately _____ years.

• A) 6
• B) 12
• C) 24
• D) 30

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Definitions:

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Overinflated Sense

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The process of conveying information, ideas, emotions, skills, and understanding through the use of verbal or nonverbal means.