Estimations Calculated Using the Rule of 70

question 71

Multiple Choice

Estimations calculated using the rule of 70:

• A) make it easier to appreciate how small differences in growth rates can add up to huge differences in income over time.
• B) make it easier to appreciate how big differences in growth rates are needed to create any real difference in income over time.
• C) are simple to use, but make it difficult to see the relationship between growth rate and income over time.
• D) are simple to use, but give estimates that have been proven wrong in recent decades.

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