A country will roughly double its gdp in twelve years if its annual growth rate is 5.8 using the rule of 70.
The rule of 70 is used to determine the time it takes a country to double it growth rate.
To double in 12 years =70/12 = 5.8
Therefore, A country will roughly double its gdp in twenty years if its annual growth rate is 5.8 using the rule of 70.
A measure of the rise in the value of an investment or revenue stream over the course of a year is the annual growth rate, often known as the "simple growth rate" or "average annual growth rate (AAGR)".
The formula for calculating annual growth rate divides the total value of annual growth at the beginning of the year by the total value of that growth at the end of the year.
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