Multiple Choice
The "rule of 70" is a formula for determining the approximate number of
A) years that it would take for a value (like real GDP) to expand 70 times.
B) years that it would take for a value (like real GDP) to double.
C) times a value (like real GDP) is a multiple of 70.
D) times one could double a certain value (like real GDP) over 70 years.
Correct Answer:

Verified
Correct Answer:
Verified
Q66: Strong property rights are important for modern
Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer to the
Q68: Since the 1950s, the U.S. average annual
Q69: Economies of scale refers to<br>A) the idea
Q70: One major aspect of the socio-cultural-political environment
Q72: Which of the following is not an
Q73: Modern economic growth since the 1820s has
Q74: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8601/.jpg" alt=" Refer to the
Q75: Between 1953 and 2018, rising labor productivity
Q76: Other things equal, if a full-employment economy