wilkinsonei7802 wilkinsonei7802

12-08-2020
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The government is looking to double the living standards of its population in 18 years, what rate of GDP growth would it need to achieve that? Group of answer choices

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ewomazinoade ewomazinoade

16-08-2020

Answer:

4%

Explanation:

The rule of 72 is used to calculate the number of years it takes for GDP to double

72 / growth rate = number of years

18 = 72 / growth rate

growth rate = 72 / 18 = 4%

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