Multiple Choice
According to the Rule of 70 (according to which per capita income doubles every 70 years at a growth rate of 1 percent p.a.0, if per capita GDP is growing at a rate of 5 percent per year, then it will take __________ years for per capita income to double.
A) 14
B) 28
C) 70
D) 140
Correct Answer:
Verified
Correct Answer:
Verified
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