Answered: 4) Real GDP in 1998 was 9066.9 Billion,…

4) Real GDP in 1998 was 9066.9 Billion, and real GDP in 1999 was 9470.3 Billion. According to the rule of 70, how long will it take real GDP double if it grows at a constant rate?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 10WNG

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4) Real GDP in 1998 was 9066.9 Billion, and real GDP in 1999 was 9470.3 Billion.
According to the rule of 70, how long will it take real GDP double if it grows at a constant
rate?

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