To calculate how long will it take for the GDP will double:
Years To Double: 72 / Expected Rate of Return
Years To Double: 72 / 22%
Years To Double: 3,3 Years
Explanation:
GDP or also known as Gross domestic product generally can be defined as a monetary measure of the market value of all the final services and goods produced and sold in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator.
The formula of GDP is:
Gross domestic product = gross private investment + private consumption + government spending + government investment + (exports – imports).
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