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Use the appropriate doubling time formula (rule of 70) for the case describe below. Discuss whether...

Use the appropriate doubling time formula (rule of 70) for the case describe below. Discuss whether the formula is valid for the case described. An economic indicator is increasing at the rate of 0.08% per year. What is it's doubling time? by what factor will the indicator increase in 1 year? in 9 years?
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son 875 year Doubling time formula will be valid nere: 70 70 Doubling time > % growth rare 0-08 b> In 1 year (n=1) f => (1 to

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