Answer: True
Explanation:
When a sector contributes a significant amount to GDP suffers a shock, the GDP of the nation will be shocked as well. Proportionally it goes that the greater the shock to the sector, the greater the shock to the GDP.
For instance, Agriculture contributes a significant amount to GDP. If a drought were to hit that reduced harvests by 50%, the GDP will suffer a huge shock as well because the contribution from Agriculture will be significantly less.
thats wrong its not A what is it
Answer:
$46733.10
Explanation:
If Bert and Bertha currently have nothing saved for retirement, they need to save $46733.10 at the end of each year to meet their retirement goal.
DATA
r = Periodic Interest rate = 8%
g = Inflation rate = 2%
n= no of periods = 18
C= Periodic Payments
FV of growing annuity = 2,000,000
Solution
2,000,000 = C ((1+0.08)^17) - (1+0.02)^18)) / 0.08 - 0.02
2,000,000 = C (3.99601949918 - 1.42824624758) / 0.06
120,000 = C (2.5677732516)
C = $46733.10
I think you need bachelor degree in photography
<u>Answer</u>:
<u>$5,880</u>
Explanation:
Remember <em>the payment term 2/10, net 30 implies that the customer is given 2% discount if he can pay the invoice within 10 days. If unable to do so, the customer pays the before the end of 30 days after the date of the invoice.</em>
The customer then paid Devonshire, Inc. the invoice after 5 days which is within 10 days, so a discount of 2% will apply.
The amount received was $6000 - (6000 x 0.02) = 6000 - 120 = $5880
Therefore money collected by Devonshire is $5,880.