The rule of 70 is a technique used to forecast how many years would take to a variable to double its value. It consists on dividing number 70 by the growth rate of the variable of interest, which in this case is the GDP of countries A and B.
According to the rule of 70, let's compute how long will take for the GDP of each country to double:
- Country A: 70/2.8= 25 years
- Country B: 70/1.4= 50 years
As the growth rates are constant, it is possible to compute the exact value of the GDP of each country in 100 years time using the number of years for output duplication.
- Country A duplicates its growth every 25 years. Hence, it will happen 4 times in 100 years. In year 25, the output will be $100,000. In year 50, it will duplicate again and reach $200,000. The third duplicate will take place in year 75 and GDP will sum $400,000. Finally, in year 100 it will duplicate one last time and country A will end up the century with a GDP per capita of $800,000.
- Country B duplicates its growth every 50 years. Therefore, it will happen twice in 100 years. In year 50, the output will be $100,000. In year 100, the last duplicate will take place, and country B will end up with a GDP per capita of $200,000.
Answer:budget deficits are sometimes beneficial not just in times of war
Explanation:
Answer:
global. values is your answer plz make me brainy least
The EU (European Union) is not created to compete with any other economy in particular: we can exclude the options which mention United States and Asia.
It was rather create to boost the economy of the member states by creating a common market and decreasing the obstacles: the correct answer is:
<span>create a single regional economy among its members
</span>
Answer: Pressure to meet unrealistic performance goals
Explanation: Unethical behaviour in business is any that is morally defective, not proper, that is, anything that goes beyond the moral framework of behaviour. So all those actions in a business that imply standards that are not morally acceptable are unethical actions or unethical behaviour. The reasons for unethical behaviour are material, therefore, monetary gain, and in this connection, to reach certain values and performances under pressure. This means reaching short-term goals when it is necessary to reach realistically unreachable performances and value for profit. Then unethical behaviour is resorted to in order to achieve these performances even though they are realistically not feasible and achievable in a short time.
