From 2006 to 2010, per capita real gross domestic product (GDP) in Croatia grew an average of 1.08 percent per year. At that rate, according to the Rule of 70, in roughly how many years will the Croatian economy double in size?

Number of Years to Double= 64.81

Explanation:

Giving the following information:

From 2006 to 2010, per capita real gross domestic product (GDP) in Croatia grew an average of 1.08 percent per year.

The rule of 70 is a means of estimating the number of years it takes for an investment or your money to double. In this case, the GDP.

Number of Years to Double= 70/Annual growth

Number of Years to Double= 70/1.08

Number of Years to Double= 64.81

c) Investment in a DPP (Direct Participation Program)

Explanation:

Direct Participation Programs are a form of limited partnership. DPP has the lack of liquidity, since ownership interests are not always freely transferrable and require the approval of a general partner of the DPP. Each of the other items listed are more liquid on a short-term basis. Bonds can be sold, bond fund shares can be redeemed, equities are easily sold in the secondary market, and though CDs are not transferrable, the maximum maturity is 1 year or less, so the client would have short-term access to the funds invested.