Question

​The government is looking to double the living standards of its population in 18 years, what rate of GDP growth would it need to achieve that? Group of answer choices

Answer 1

4%

Step-by-step explanation:

The rule of 72 is used to calculate the number of years it takes for GDP to double

72 / growth rate = number of years

18 = 72 / growth rate

growth rate = 72 / 18 = 4%