From 2006 to 2010, per capita real gross domestic product (gdp) in the philippines grew an average of 3.16% per year. at that rate, according to the rule of 70, in roughly how many years will the filipino economy double in size? a. 21 yearsb. 12 yearsc. 22 yearsd. 33 yearse. 45 years

years to double GDP  = 22.15   = 22 years

so here correct option is c. 22 years

Explanation:

given data

average growth rate  = 3.16% per year

Rule of 70

to find out

how many years will the Filipino economy double in size

solution

we know that according to Rule of 70

years to double GDP is express as

years to double GDP  =       ......................1

put here value of average growth rate in equation 1

years to double GDP  =

years to double GDP  =

years to double GDP  = 22.15   = 22 years

so here correct option is c. 22 years

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

the answer choices are:

provides online banking

provides automatic payment services

provides home loans by using saving accounts

accept tax return refunds

hopefully someone can answer the question now lol