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1 year ago

The rapid economic growth of the 1980s and the cultural emphasis on accumulating wealth was partly caused by:________

Business

1 answer:

kozerog [31]1 year ago

4 0

The rapid economic growth and emphasis on accumulating wealth in the 1980s was partly caused by the baby boom.

<h3>What baby boomers mean?</h3>

Person born during a period of time in which there is a marked rise in a population's birth rate i.e., a person born during a baby boom

Following the end of World War II, the number of babies born 9 months later increased. At the end of 1964, there were approximately 76 million babies born, accounting for roughly half of the population.

Especially, a person born in the U.S. following the end of World War II (usually considered to be in the years from 1946 to 1964).

The viewer is older, an aging baby boomer whose '60s activism has been lost among the years. Baby boomers were born between 1946 and 1964. They're currently between 57-75 years old.

To learn more about baby boomers, refer to:

brainly.com/question/904290

#SPJ4

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For this case we have an equation of the form:
$y = A * (b) ^ x
$
Where,
A: initial amount
b: growth rate
x: number of years
Substituting values we have:
$y = 30000 * (1,039) ^ x
$
By the time the earnings increase to 75000 we have:
$75000 = 30000 * (1,039) ^ x
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From here, we clear x:
$(1,039) ^ x = (75000/30000)

log1.039 ((1.039) ^ x) = log1.039 ((75000/30000))

$
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x = 23.95 years$
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