Consider an imaginary economy that is currently growing at a rate of 4% per year
According to the rule of 70, approximately how many years will it take for the economy to double in size? Round to nearest year
Suppose an economist proposes a policy that leads to an increase in the economy’s growth rate from 4% to 7% per year. How many fewer years will it take for the economy to double in size?
According to the rule of 70, approximately how many years will it take for the economy to double in size? Round to nearest year
Suppose an economist proposes a policy that leads to an increase in the economy’s growth rate from 4% to 7% per year. How many fewer years will it take for the economy to double in size?