From 2006 to 2010, per capita real gross domestic product (gdp) in the philippines grew an average of 3.16% per year. at that rate, according to the rule of 70, in roughly how many years will the filipino economy double in size? a. 21 yearsb. 12 yearsc. 22 yearsd. 33 yearse. 45 years
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Ответ:
years to double GDP = 22.15 = 22 years
so here correct option is c. 22 years
Explanation:
given data
average growth rate = 3.16% per year
Rule of 70
to find out
how many years will the Filipino economy double in size
solution
we know that according to Rule of 70
years to double GDP is express as
years to double GDP =
......................1
put here value of average growth rate in equation 1
years to double GDP =![\frac{70}{growth\ rate}](/tpl/images/0392/4492/42eee.png)
years to double GDP =![\frac{70}{3.16}](/tpl/images/0392/4492/4d51c.png)
years to double GDP = 22.15 = 22 years
so here correct option is c. 22 years
Ответ:
YesAnd gives you websites
Explanation: