Multiple Choice
According to the Rule of 70,if a country grows at 2.0 percent per year instead of 1.5 percent per year,how many fewer years will it take to double its level of real GDP?
A) It will take 11.6 years fewer.
B) It will take 35 years fewer.
C) It will take 58.3 years fewer.
D) It will take 20 years fewer.
E) It will take 17.9 years fewer.
Correct Answer:
Verified
Correct Answer:
Verified
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