How does one approach a question like this?
Show by counting in two ways that $\sum_{k=0}^{n} \binom{n+k}{k} = \sum_{k=0}^{n} 2^{k} \binom{n}{k}$
In general, the fact that $k$ can vary from $0$ to $n$ suggests to me that we can consider a universe of $2n$ objects and $2^k$ suggests that subsets are involved.
I have tried a variety of approaches using those ideas, but can't find a nice, simple, interpretation of $\sum_{k=0}^{n} \binom{n+k}{k}$ specifically
Assume to have a group of $n$ people and to want to assign to each member
Clearly you have $3^n$ ways for doing it, i.e. simply choosing type-1, type-2 or type-3 for each member.
On the other hand these configurations can be counted in many other fancy ways. For instance, we may select the people actually getting a medal, then choosing among this subset who gets a silver medal and who gets a gold medal. This leads to: $$ 3^n = \sum_{k=0}^{n}\binom{n}{k}2^k. $$ The other sum is different. By the hockey-stick identity $$ \sum_{k=0}^{n}\binom{n+k}{k}=\sum_{k=0}^{n}\binom{n+k}{n}=\sum_{h=n}^{2n}\binom{h}{n}=\binom{2n+1}{n+1}=\binom{2n+1}{n}=\frac{2n+1}{n+1}\binom{2n}{n} $$ which roughly behaves like $2\cdot\frac{4^n}{\sqrt{\pi n}}$ for large values of $n$.