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    Business
  3. Study Set
    Principles of Macroeconomics
  4. Exam
    Exam 8: Economic Growth
  5. Question
    According to the Rule of 72, a 12% Annual Increase
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According to the Rule of 72, a 12% Annual Increase

Question 126

Question 126

True/False

According to the rule of 72, a 12% annual increase in real GDP would lead to a doubling of real GDP in 8 years.

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