menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Exploring Macroeconomics
  4. Exam
    Exam 7: Economic Growth in the Global Economy
  5. Question
    According to the Rule of 70,if a Nation Grows at a Rate
Solved

According to the Rule of 70,if a Nation Grows at a Rate

Question 67

Question 67

Multiple Choice

According to the rule of 70,if a nation grows at a rate of 2 percent per year,in roughly how many years will national income double?


A) 2 years
B) 7 years
C) 10 years
D) 35 years

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q41: Hong Kong and Japan have achieved relatively

Q62: When observing economic growth and literacy rates,which

Q64: What annual growth rate will result in

Q65: Which of the following will NOT increase

Q68: What is the best way to measure

Q70: How can increased investment help a country

Q72: In a fully employed economy,which of the

Q85: It is impossible to have economic growth

Q108: Increases in the quality and quantity of

Q123: Free trade can promote greater output because

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines