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Growth Rates and the Rule of 70
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Problem 10
Growth Rates and the Rule of 70
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13. Productivity and Economic Growth / Growth Rates and the Rule of 70 / Problem 10
Problem 10
Calculate the doubling time for an economy with a 3% growth rate using the Rule of 70.
A
21 years
B
25 years
C
30 years
D
23.33 years
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