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    Macroeconomics Study Set 38
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    Exam 3: An Overview of Long-Run Economic Growth
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    According to the Rule of 70, If an Economy Averages
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According to the Rule of 70, If an Economy Averages

Question 83

Question 83

Multiple Choice

According to the rule of 70, if an economy averages a 4 percent growth rate, it will take about ________ years to double in size.


A) 2.8
B) 1,750
C) 0.06
D) 5.7
E) 17.5

Correct Answer:

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