13. Productivity and Economic Growth
Growth Rates and the Rule of 70
Multiple Choice
Multiple ChoiceUse the information in the table to calculate Growtopia's average annual growth rate for real GDP and the approximate amount of time it would take for Growtopia's real GDP to double.
A
Average Growth:2.4% Time to Double:29.2 years
B
Average Growth:3.8% Time to Double:18.4 years
C
Average Growth:5.2% Time to Double:13.5 years
D
Average Growth:7.6% Time to Double:9.2 years
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