The answer is it will take 35 years for your population to double at a 2% growth rate.
Recognizing Growth Rates
The simplest application of growth rates is to show the annual percentage change in a variable. An economy's growth rate, for instance, is determined by the annual rate of change at which a country's GDP increases or decreases. To evaluate the state of an economy, one uses the rate of expansion or contraction. A country is said to be in a recession if its income drops for two consecutive quarters.
On the other hand, a nation is said to be expanding if its gross domestic product has increased for two straight quarters.
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