Business, 21.10.2020 16:01 GiuliAzevedo

Using the Rule of 70, if Slowland's GDP grows at 2% per year and Speedyland's GDP grows at 5% per year, how much quicker will Speedyland double its GDP compared to Slowland? a. Speedyland will double its GDP 35 years quicker than Slowland.
b. Speedyland will double its GDP 21 years quicker than Slowland.
c. Speedyland will double its GDP 14 years quicker than Slowland.
d. Speedyland will double its GDP 3 years quicker than Slowland.

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Using the Rule of 70, if Slowland's GDP grows at 2% per year and Speedyland's GDP grows at 5% per ye...