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Irina18 [472]
2 years ago
9

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

Business
1 answer:
asambeis [7]2 years ago
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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kakasveta [241]

Answer:

(C) Brown could seek an injunction against Watkins, on the basis of nuisance

Explanation:

The bugs and pests from Watkins grass clipping pile are a menace to his neighbour Brown.

Brown has tried extermination but the source of the problem, which is still there, makes his efforts futile.

Brown now has the right to seek an injunction - a court order controlling or restricting a person's behaviour - against Watkins on the basis of nuisance.

Watkins should comply

5 0
3 years ago
Your investment has a 20% chance of earning a 30% rate of return, a 50% chance of earning a 10% rate of return, and a 30% chance
ANTONII [103]

Answer:

a: 12.8%

Explanation:

Standard Deviation would be calculated with the probability approach since there is probability given in the question.

  • Formula of Standard Deviation and the solution is given in the pictures below.
  • Although ERR the required part to calculate Standard Deviation is calculated in the text.

Calculating ERR:

ERR= Sum of Probabilities × Rate of returns.

In our question = ERR= 0.2 × 30% + 0.5 × 10% + 0.3 × (-6%) = 0.128 = 12.8%

Thus, by putting all the values in the formula you will get the answer 12.8%.

4 0
4 years ago
When a human resource department is considering available talent within the company, which of the following will it use to deter
attashe74 [19]

Answer:

The answer is "b" - replacement chart.

Explanation:

The answer is <u>replacement chart.</u>

When a company prepares a chart on various positions in the company ,it's current employees , it's requirements , potential replacements for those employees , it is known as a replacement chart. Hence when the HR department is considering the available talent within the company to determine the successor of a key personal it refers the replacement chart to get the list of replacement available. Hence the answer is <u>replacement chart, b</u>.

<u>Skills inventory:</u>

A skills inventory is a compilation of the skills, education and experiences of current employees. Organizations use these inventories to assess whether current staff can meet company goals. Understanding the company's pool of current skills/talents and future skill requirements aids in strategic planning efforts.

<u>Human resource forecast:</u>

Human resources (HR) forecasting involves projecting labor needs and the effects they'll have on a business. An HR department forecasts both short- and long-term staffing needs based on projected sales, office growth, attrition and other factors that affect a company's need for labor.

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An ____ is a group of individuals, working together to achieve shared job-related goals such as higher pay shorter working hours
podryga [215]

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Question 12 Which answer illustrates "compound interest"?
Ber [7]

Answer:D

Explanation:

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