If a country's economic growth rate is 4 percent a year, approximately how many years will it take to double its Real GDP

Question

01-01-2021
Business

Answered

IDNLearn.com connects you with a community of knowledgeable individuals ready to help. Find in-depth and accurate answers to all your questions from our knowledgeable and dedicated community members.

If a country's economic growth rate is 4 percent a year, approximately how many years will it take to double its Real GDP

Sagot :

Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. Find clear and concise answers at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.

An Individual's Initial Self-concept Is Generally FormedA. By Age Two.B. During Childhood And Adolescence.C. During High School.D. During Adulthood.

Which Valve Remains Normally Closed Until The Cracking Pressure Is Reached?A. Direct-operated Relief ValveB. Finite Positioning Pressure Reducing ValveC. Pilot-

HomeworkArrange The Following In Descending Order (biggest To Smallest):[tex]1.1, 0.01, 0.001[/tex]

In Business Terminology, What Does A "transaction" Typically Refer To?A) The Exchange Of Goods Or Services For MoneyB) Internal Communication Within A CompanyC)

Use The PMT Function In Excel To Compute The Monthly Payment On A $181000 Business Loan At An Annual Interest Rate Of 5.78% Over 10 Years, Where The Interest Is

Which Best Describes Why Taxes And Savings Are Considered Leakage Factors?A. They Take Money Out Of Households.B. They Take Money Out Of The Economic System.C.

Based On The Case Of Mattel Inc. V. MGA Entertainment Inc., Why Is It Necessary To Have Laws Related To Sharing Confidential Information?A. To Prevent Businesse

Consider A Circle Whose Equation Is [tex]x^2 + Y^2 - 2x - 8 = 0[/tex]. Which Statements Are True? Select Three Options.A. The Radius Of The Circle Is 3 Units.B.

What Made Vietnam Occurred That Motivated Them To Attempt To Achieve Independence?

The Given Question Is Nonsense And Needs To Be Rewritten To Make Sense.---Solve For [tex]$ T $[/tex]:[tex]\[ 5 \cdot 67 = T \][/tex]

OlanmaEidn OlanmaEidn · Answer 1 · 2021-01-06T02:25:12-05:00

OlanmaEidn OlanmaEidn

06-01-2021

Answer:

17.5years

Explanation:

The rule of 70 is used to determine how long it would take for a number to double depending on its growth rate. This is calculated with the formula;

70/Annual rate of return(in percentage)

Since we have determined the annual growth rate of the country to be 4 percent a year, we can approximately determine how many years it ill take to double its real GDP with the formula;

70/4

= 17.5years

Answer Link

Sagot :

Other Questions