Question:
Using the Rule Of 70, if the GDP per capita growth rate in the United States is 4.4%, real GDP per capita doubles every _____ years.
See Also
What Is the Rule of 70?How Can I Use the Rule of 70 to Estimate a Country's GDP Growth?7 Things You Didn’t Know About the Alcohol ‘Proof’ SystemHow To Calculate Percentages - Club Z! TutoringReal GDP Per Capita:
Real GDP per capita is real GDP divided by the size of the population. Real GDP per capita is the most common measure for the standard of living of a nation. To increase real GDP per capita in the long-run, a nation must increase the productivity of labor.
Answer and Explanation:
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