How to calculate it? How long would it take for a country with a growth rate of 5% to double?
Understand the Problem
The question is asking how to calculate the time it would take for a country with a growth rate of 5% to double its population in the context of demographic concepts and migration. It also entails understanding various related factors such as immigration, emigration, cultural diversity, and the demographic transition model.
Answer
14 years
The final answer is 14 years.
Answer for screen readers
The final answer is 14 years.
More Information
The Rule of 70 is a simple way to estimate the number of years required for a doubling given a constant annual growth rate. It applies to population growth, economic measures, and investments.
Tips
Ensure you are consistent in using the percentage form of the growth rate when applying the Rule of 70.
Sources
- The Rule of 70 - Corporate Finance Institute - corporatefinanceinstitute.com
- Rule of 70 - Investopedia - investopedia.com
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