As the economy evolves the use of new technologies means the need for jobs in some industries disappear and there are new opportunities in others.
Explanation:
Some will benefit from technological developments and hurt others, but the overall employment rate will not be substantially affected in the longer term.
In order to reach some ultimate result, the development of technology can bring on many areas of know-how, including science, engineering, mathematics, linguistics, and history. Technology is sometimes a result of science and technology, even though technology precedes both fields as something of a human activity.
If the supply of loanable funds decreases and the demand for it increases at the same time, interest rates will increase. Interest rate is inversely proportional to the supply of money. Smaller money supplies raise market interest rates. A larger money supply lowers market interest rates.
Answer:
The present value of your winnings is $9,410,263.59
Explanation:
Present value of annuity due=(1+rate)*Annuity[1-(1+interest rate)^-time period]/rate
=1.0975 x 990,000 [1-(1.0975)⁻²⁰]/0.0975
=990,000 x 9.50531677
=$9,410,263.59
I have the most favored status in international trade ))
