Question

From 2006 to 2010, per capita real gross domestic product (GDP) in China grew an average of 10.62% per year. At that rate, according to the Rule of 70, in roughly how many years will Chinese per capita real GDP double in size, beginning in 2006

Answer 1

Answer:

The Number of years is 6.6 years

Explanation:

The computation of the number of years in which the chinese per capita real GDP doubles is shown below:

According to the rule 70 , the calculation is as follows

= 70 ÷ 10.62

= 6.59

= 6.6 years

Here we applied the rule 70 as it defines in how many years the GDP doubles

So, the same is to be considered