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24-03-2019
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According to the "rule of 70", how many years will it take for real gdp per capita to double when the growth rate of real gdp per capita is 5%?

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24-03-2019

14 Years.

The rule of 70 is a measure of how long it takes for something to double. 70 is divided by the rate of growth or rate of return.

70/5% = 14 years

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