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What is a fast time economic growth?

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Anonymous

13y ago
Updated: 8/20/2019

In my opinion, there's no correct answer to your question because every country is different and the time it takes to each of them to grow is different.

However, I'd would use the "rule of 70" to determine how long it will take an economy to double it's GDP. By the way, economic growth means having an increase in GDP.

Let's say India's GDP is increasing 10% each year, so using the rule of 70 it will take 7 years to double its current GDP.

70/10 = 7 years.

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Wiki User

13y ago

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