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Growth Rates and the Rule of 70
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Growth Rates and the Rule of 70
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12. Productivity and Economic Growth / Growth Rates and the Rule of 70 / Problem 8
Problem 8
Given growth rates of 3%, 5%, and 7%, which rate results in the fastest doubling time according to the Rule of 70?
A
3%
B
7%
C
5%
D
All rates result in the same doubling time
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