adowland19
adowland19 adowland19
  • 02-10-2017
  • Business
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A nation has a GDP of 685m. It has a growth rate of 4%. How long will it take the nations GDP to double?

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W0lf93
W0lf93 W0lf93
  • 13-10-2017
The Rule of 70 can be used to determine the length of time it would take for a variable to double. In this case, using a growth rate of 4%, we can divide 70/4 to find that it would take 17.5 years for the GDP of this nation to approximately double.
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