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    Macroeconomics Study Set 12
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    Exam 5: Economic Growth, the Financial System and Business Cycles
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    The 'Rule of 70' States That It Takes Approximately 70
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The 'Rule of 70' States That It Takes Approximately 70

Question 18

Question 18

True/False

The 'rule of 70' states that it takes approximately 70 years for a developing economy to become a developed economy once economic growth begins.

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