If a country grows at an average rate of 3.5 percent per year, we can estimate...

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If a country grows at an average rate of 3.5 percent per year, we can estimate it will double its Multiple Choice growth rate

business economics

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Answer 1

Answer #1

Option 1

Here we need to use rule 70 determine the number of years to double the growth rate.

n = 70/average annual growth rate

n= 70/3.5

n = 20 years

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Answer 2

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