Suppose a Panel of Economists Predicts That a Nation's Real

question 183

Multiple Choice

Suppose a panel of economists predicts that a nation's real GDP per capita will double in approximately 20 years. According to the rule of 70, what must be the predicted annual growth rate of real GDP per capita?

• A)140%
• B)3.5%
• C)2.85%
• D)14%

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