question archive Which, if any, of the following statements are true concerning the rule of 70? a) It is accurate when the rate of growth is constant
Which, if any, of the following statements are true concerning the rule of 70? a) It is accurate when the rate of growth is constant
Subject:EconomicsPrice: Bought3
Which, if any, of the following statements are true concerning the rule of 70? a) It is accurate when the rate of growth is constant. ut of logGD Pend vealogGD Pinitial year b) The number of years it takes for GDP to double is approximately: 70 c) The rule of 70 will overestimate the number of years it takes to double GDP if the country in question grows very slowly in the beginning and then grows faster towards the end of the period.
