1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
olchik [2.2K]
2 years ago
14

If real GDP per person were equal to $2,620 in 1900 and grew at a 3 percent annual rate, what would be the value of real GDP per

person 110 years later
Business
1 answer:
gavmur [86]2 years ago
5 0

If real GDP was 2630 and grew annually at 3%, The value of real GDP ten years later is going to be $67670

<h3>How to solve for real GDP </h3>

We have to start by starting the formula A = P(1+r)^n

We have P = principal = 2620

We have r as the rate of interest = 3% = 0.03

We have the number of years n = 110

We have to put these values in the formula we have

A= 2620(1+0.03)^110

= 67669.9

This is approximated to be

= 67670

Read more on Real GDP here:

brainly.com/question/17110800

#SPJ1

You might be interested in
A company that loans money to an organization is a(n):______.a. supplier.b. lender.c. shareholder.d. investor.
fomenos

Answer:

lender.

Explanation:

A lender is an individual or company that makes funds available another com[any. Lenders receive fixed payments based on a predetermined rate at an agreed time.

A shareholder is the owner of a company. A shareholder is a person who buys the stock of a publicly traded company

Supplier provides raw materials needed for production to a company

An investor can either be a lender or shareholder

6 0
3 years ago
Samson, Inc. reported the following information for the​ year: Service Revenue $ 50 comma 000 Operating Expenses 21 comma 500 Ne
hjlf

Answer:

$21.50

Explanation:

The net income is difference between the revenue and the operating expense incurred by the entity.

The unit cost per service is obtained by dividing the operating cost by the number of services provided.

Given that;

Operating expense = $21,500

Number of services provided = 10,000

The unit cost per​ service

= $21,500/10,000

= $21.50 (to the nearest cent)

6 0
3 years ago
Juanita, the stadium manager, spends $10,000 on a broadcast TV ad, $15,000 on a cable TV ad, and $4,000 on a radio ad. What perc
tatuchka [14]

Answer:

13.7931

Explanation:

6 0
3 years ago
Nicole deposits $2,136 in a savings account paying 5.36% interest. to the nearest dollar, how much money does nicole have in tot
Oduvanchick [21]
2,136×(1+0.0536×9)
=3,166
7 0
3 years ago
Read 2 more answers
The demand curve facing a perfectly competitive firm is:
marta [7]

Answer:

A horizontal line at the market price

Explanation:

it's means that the price it receive is the same for every unit sold

8 0
2 years ago
Other questions:
  • Joanie takes a $6000 loan to pay for her car. The annual interest rate on the loan is $12%. She makes no payments for 4 years, b
    8·1 answer
  • FARO Technologies, whose products include portable 3 D measurement equipment, recently had 17 million shares outstanding trading
    15·1 answer
  • Annual production and sales level of Product A is 34,300 units, and the annual production and sales level of Product B is 69,550
    14·1 answer
  • You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $35,000, $39,000, $80,000,
    12·1 answer
  • Burton Corp. is growing quickly. Dividends are expected to grow at a rate of 28 percent for the next three years, with the growt
    13·1 answer
  • I will cash app any money you need.
    15·1 answer
  • Which of the following selections effectively use the "you" view.
    8·1 answer
  • What function of the management process is used to monitor and ensure the organization is meeting its​ goals? A. Controlling B.
    6·1 answer
  • Kirby subscribed to purchase 100 shares of stock to be issued by Globule, Inc., an already existing corporation. Globule accepte
    5·1 answer
  • Consider a mutual fund with $203 million in assets at the start of the year and with 10 million shares outstanding. The fund inv
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!