Practice: Use the information in the table to calculate Growtopia’s average annual growth rate for real GDP and the approximate amount of time it would take for Growtopia’s real GDP to double.
| Sections | |||
|---|---|---|---|
| Productivity and the Per-Worker Production Function | 20 mins | 0 completed | Learn |
| Institutions that Promote Economic Growth | 9 mins | 0 completed | Learn |
| Growth Rates and the Rule of 70 | 11 mins | 0 completed | Learn |
| New Growth Theory | 6 mins | 0 completed | Learn |
| PPF - Growth Analysis | 7 mins | 0 completed | Learn |
| Introducing Concepts - Business Cycle | 7 mins | 0 completed | Learn |
| Business Cycles and Their Characteristics | 18 mins | 0 completed | Learn |
Concept #1: Growth Rates and the Rule of 70
Example #1: Growth Rates and the Rule of 70
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Concept #1: Growth Rates and the Rule of 70
Example #1: Growth Rates and the Rule of 70
Practice #1: Growth Rates and the Rule of 70
