Multiple Choice
The rule of 70 is
A) a formula used to determine the number of years it takes for something to double at a given growth rate.
B) a theory explaining why countries tended to grow more rapidly during the 1970s.
C) the principle,that for growth,a country needs government spending of at least 70 percent of GDP.
D) a formula to compute the change in GDP that will occur as investment rises.
Correct Answer:
Verified
Correct Answer:
Verified
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