When analyzing the effects of differences in economic growth rates over time, it is generally the case that seemingly small differences in annual growth rates result in large differences in the size of economies (usually measured by Gross Domestic Product, or GDP) over long time horizons. Therefore, it's helpful to have a rule of thumb that helps us quickly put growth rates into perspective.
One intuitively appealing summary statistic used to understand economic growth is the number of years it will take for the size of an economy to double.
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Опубликован 23.05.2016 в 11:16