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Levart [38]
2 years ago
11

What was the average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979

Business
1 answer:
borishaifa [10]2 years ago
4 0

The average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979 was 3.20%.

<h3>What is average annual economic growth rate (AAGR) ?</h3>

The average annualised return of a portfolio, asset, or cash flow over time is known as the average annual growth rate, or AAGR.

The basic arithmetic mean of a set of returns is used to calculate AAGR.

Calculation for average annual economic growth rate:

Real per capita GDP in Singapore in 1957 was about $400 and it doubled to about $800.00 by 1979 over the period of 22 years.

Growth rate = (\frac{last value}{initial value} )^{\frac{1}{n} } -1

The last value = $800

The initial value = $400

n = number of years

Growth rate = (\frac{800}{400} )^{\frac{1}{22} } -1

                   = (2)^{\frac{1}{22} } -1

                   = 1.032 - 1

                   = 0.032

Growth rate % = 0.032×100

                        = 3.2%

Therefore, the growth rate in Singapore over 22 years are 3.2%.

To know more about Gross domestic product (GDP), here

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3 0
2 years ago
Consider the impact of monetary policy over time. in the short run, __________ prices adjust. in the long run, __________ prices
masha68 [24]

Consider the impact of monetary policy over time. In the short run, some prices adjust. In the long run, all prices adjust. This is further explained below.

<h3>What is monetary policy?</h3>

Generally, Controlling both the amount of money that is circulating in an economy and the routes through which new money is created is what we mean when we talk about monetary policy. The approach to monetary policy is influenced by a variety of economic variables, including the gross domestic product (GDP), the rate of inflation, and the growth rates of certain industries and sectors.

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7 0
1 year ago
Anita is the owner of Animatron Inc. She asks her employee, Bert, for sexual favors or else she will remove him as a manager. Wh
kkurt [141]

Answer:Quid pro quo case

Explanation:

Qui pro quo is a Latin word which simply means "something for something", that is an exchange of wants of great values.

Anita asked for sexual favour from her employee, Bert, in exchange for him to retain his position as the manager but his refusal caused him to lose his position as the manager to a common secretary.

Quid pro quo indicates that an something has been traded in return for something of value. Quid pro quo exist in a business organization when the business owner propose to promote an employee if he/she could fulfill their desires. In the case of Anita and Bert, the desire could be seen as 'sexual desires' in other words, sexual harassment by Anita to her employee.

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3 years ago
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borishaifa [10]

Answer:

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