What is the rule of 70? 70/n (n is growth rate) is the doubling time (for an economy to double) example if it's a 3.4% growth rate then 70/3.4% =2,058.824, 2058.824 will be the amount of time till the economy doubles What is the growth for an economy for 5 years growing at...
the rule of 70 years it takes something to double = 70/annual growth rate compounding effect allows economic growth to build on prior economic growth, resulting in a much higher standard of living over time growth theory the study of why economies grow and what influences that rate of growth...
I’ve always thought it odd that when we ask for the price of oil, we get the price of 45 or lower API gravity crude oil, but when we ask for the volume of oil, we get some combination of crude oil + condensate + NGL (Natural Gas Liquids) + biofuels + refinery gains. This is ...
the Party Central Committee also conducted external activities for the development of friendly and cooperative relations between the two countries, in the course of which it laid a cornerstone for the expansion of friendly relations with Russia. ...
The DPRK has no rule of law; no established property rights; no possibility for private foreign trade; no reliable currency; virtually no official social and economic information; and no internal constraints whatever upon its monumentally ambitious government. It is difficult to overstate how much th...
This outcome is representative of a more general pattern, as discussed in this post. It is interesting to note there is no apparent recession in California, at least using the two consecutive quarters of negative growth rule-of-thumb, contra Political Calculations. More on this in a soon to ...
rule of 70 70/% of annual growth Unemployment rate (unemployed/labor force)x100. (unemployed/unemployed+employed)x100 Participation rate (labor force/working age population)x100 Potential GDP (natural rate of employment/actual rate)x actual gdp GDP Gap actual-potential Consumer Price Index (value ...
Based on the Rule of 70, approximately how many years will it take for the level of per capita real GDP to double (i.e., increase by 100%)? 70/3.5 = 20 years (57) Explain why education is both a consequence of economic growth and also a cause of economic growth. As an economy ...
Rule of 70 number of years it takes for size of economy to double 70/annual growth rate (%) If growth rate is more than 5% per year, replace 70 with 72 GDP (Y) GDP (Y) = output per worker (LP) x number of workers (L) ...
What is the rule of 70? 70/n (n is growth rate) is the doubling time (for an economy to double) example if it's a 3.4% growth rate then 70/3.4% =2,058.824, 2058.824 will be the amount of time till the economy doubles What is the growth for an economy for 5 years growing at...