A convenient rule of thumb called the "rule of 72" states that a quantity growing at x percent per year doubles in size approximately every (72/x) years.
-Refer to the information above.If an economy has a real GDP doubling-time of 48 years,this can be reduced to 30 years if annual GDP growth is raised by ________ percentage points.
A)4
B)2.4
C)1.6
D)0.9

Question

Quizplus · Accepted Answer

The Answer of A convenient rule of thumb called the "rule of 72" states that a quantity growing at x percent per year doubles in size approximately every (72/x) years.
-Refer to the information above.If an economy has a real GDP doubling-time of 48 years,this can be reduced to 30 years if annual GDP growth is raised by ________ percentage points.
A)4
B)2.4
C)1.6
D)0.9

A Convenient Rule of Thumb Called the "Rule of 72