According to the "Rule of 70," It Will Take 4

question 146

Multiple Choice

According to the "Rule of 70," it will take 4 years for real GDP per capita to double when the growth rate of real GDP per capita is

• A)4 percent.
• B)12.25 percent.
• C)17.5 percent.
• D)28 percent.

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Definitions:

Foreign Stocks

Stocks issued by companies incorporated outside the investor's country of residence, providing diversification and exposure to foreign markets.

Diversified Portfolio

An investment strategy that involves spreading investments across various asset classes to reduce risk.

Turnover Ratio

A measure of a fund or portfolio's holdings that have been replaced in a given year, indicating its trading activity.

Average Daily Assets

The average value of assets held by a fund over a specific period, usually calculated daily.