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2 years ago

Under the rule of 70, if the GDP per capita growth rate in the United States is 2.3%, standards of living double every:

1 answer:

8 0

Under the rule of 70, if the GDP per capita growth rate in the United States is 2.3%, standards of living double every 70/2.3 = 30.43 years.

<h3>What is Gross Domestic Product (GDP)?</h3>

The term "Gross Domestic Product," or GDP, refers to the total monetary worth of all finished goods and services produced (and marketed) within a nation within a specific time period (typically 1 year).

GDP Growth Rate:

The GDP growth rate compares the most recent quarter or year to the preceding one and represents the percentage change in real GDP (GDP adjusted for inflation) from one period to the next.
A positive or negative number may be used (negative growth rate, indicating economic contraction).

GDP per capita:

By dividing nominal GDP by a nation's entire population, one can get GDP per capita.
It conveys the nation's average economic output (or income) per person.
The population figure corresponds to the year's median (or mid-year) population.

The price deflator, a statistical tool, is used to convert nominal GDP to constant prices.

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

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Suppose the cost per hour incurred in operating a cruise ship is 3a + bv3 dollars per hour, where a and b are positive constants

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Answer:

Suppose the cost per hour incurred in operating a cruise ship is 3a + b $v^{2}$ dollars per hour, where a and b are positive constants and v is the ship's speed in miles per hour. At what speed (in miles per hour) should the ship be operated between two ports, at a distance D miles apart, to minimize the cost? (Hint: Minimize the cost, not the cost per hour.)

<em>The speed at which the ship would maximize cost is </em> $\sqrt[3]{\frac{3a}{2b} }$

Explanation:

The problem can be solved using differentiation to get the minimum value of the speed to travel between the two ports. Step by step calculation is contained in the attached images;

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On march 1, year 1, roland doe bought 200 shares of gummit stock at $40 per share. on april 1, year 2, roland sold short (sold w

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3 years ago

Jeff recently drove to visit his parents who live 160 miles away. on his way there his average speed was 9 miles per hour faster

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To answer this item, we let x be Jeff's speed when going back home. With this representation, the speed from home to his parents is x + 9. The total time it took him for the trip is 8 hours. The time of each trip can be calculated by dividing the distance by time. Such concept is presented below.

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3 years ago

1. Intellectual Property Piracy from the standpoint of a manager for Starbucks in China?

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Answer / Explanation:

First let us define Intellectual Property Piracy: This can be defined as as or described as the unauthorized duplication, cloning or illegal distribution of copyright or patented material.

From the standpoint of a manager at Starbucks in china, intellectual property piracy is at his liberty in the sense that, although it is accepted that the enactment of the law protecting property right has been activated, it is not totally enforced in china. The intellectual property piracy was established by government legislation, administrative regulations, and decrees in the areas of trademark, copyright, and patent. This has led to the creation of a comprehensive legal framework to protect both local and foreign intellectual property. However, despite this copyright laws, violations are common in china. So relating back to the question, to the china manager of Starbucks, Intellectual Property Piracy is a norm that can not be challenged.

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2 years ago