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28-10-2020
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The rule of 70 indicates that a 6% annual increase in the level of real GDP would lead to the output doubling in approximately _____ years.

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ewomazinoade ewomazinoade

30-10-2020

Answer:

11.67

Explanation:

the time it would take real GDP to double = 70 / growth rate of real GDP = 70 / 6 = 11.67 years

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