Multiple Choice
The 'rule of 70' states that:
A) it takes an economy 70 years to double in size.
B) the number of years it takes an economy to double is 70 divided by the growth rate.
C) the number of years it takes an economy to double is the growth rate multiplied by 70.
D) the number of years it takes an economy to double is the growth rate divided by 70.
Correct Answer:

Verified
Correct Answer:
Verified
Q57: In a closed economy, the relationship between
Q58: Suppose you are a highly regarded international
Q59: The supply of loanable funds has a
Q60: In an open economy, the relationship between
Q61: Long-run economic growth:<br>A)is due to increases in
Q63: A government budget surplus will shift the
Q64: Assume that the government reduces taxation on
Q65: Let G = government purchases; T =
Q66: Which of the following experiences in the
Q67: Economic growth depends more on technological change