Question 5
0.25 pts
U.S.
Dollars
60,000
50,000
40,000
30,000
20,000
10,000
0
South
Korea
China
India
Japan
Mexico
Germany
Argentina
United
Kingdom
Canada
Australia
United
States
Real
GDP
in 1913
Real
GDP
in 2016
$\text{820}
$\text{833}
$\text{1,138}
$\text{32,345}
$\text{2,929}
$\text{6,168}
$\text{6,420}
$\text{7,256}
$\text{7,519}
$\text{8,720}
$\text{8,964}
$\text{37,740}
$\text{15,399}
$\text{6,616}
$\text{41,275}
$\text{18,963}
$\text{48,111}
$\text{20,047}
$\text{42,481}
$\text{46,437}
$\text{48,899}
$\text{57,436}
5. According to the rule of 70, what annual growth rate would allow a country's output to double in
14 years?
a. 1.4%
b. 2.0%
c. 5.0%
d. 56.0%
