According to the Rule of 70, If a Country Has

question 215

Multiple Choice

According to the rule of 70, if a country has an average growth rate of 7%, its real GDP per capita will double in:

• A)7 years.
• B)10 years.
• C)14 years.
• D)2 years.

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Definitions:

Generation X

The demographic cohort following the baby boomers and preceding the millennials, generally born between the mid-1960s and early 1980s.

Generation Z

The demographic cohort following Millennials, generally born between the late 1990s and early 2010s, characterized by their use of technology and progressive attitudes.

Furloughing

A situation in which an organization asks or requires employees to take time off for either no pay or reduced pay.