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22 December, 13:10

A nation has a GDP of 685m. It has a growth rate of 4%. How long will it take the nations GDP to double?

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  1. 22 December, 13:39
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    The Rule of 70 can be used to determine the length of time it would take for a variable to double. In this case, using a growth rate of 4%, we can divide 70/4 to find that it would take 17.5 years for the GDP of this nation to approximately double.
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