if-an-economys-growth-rate-changes-from-3-to-6-how-does-this-affect-the-doubling

Question

If an economy's growth rate changes from 3% to 6%, how does this affect the doubling time according to the Rule of 70?

Accepted Answer

The doubling time is halved.

Answer

The doubling time is doubled.

Answer

The doubling time remains the same.

Answer

The doubling time is reduced by one-third.