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3 years ago

Standard of living includes _____, which can be bought and sold.

1 answer:

const2013 [10]3 years ago

7 0

Standard of living includes GROSS DOMESTIC PRODUCTS, which can be bought and sold.

GDP is one of the factors of standard living. However, it is not a strong indicator of the quality of life an individual is living.

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Consider two scenarios for a nation's economic growth. Scenario A has real GDP growing at an average annual rate of 3.5 percent;

WARRIOR [948]

Answer:

20 years (scenario A) and 16 years (scenario B)

Explanation:

The real GDP will double in "n" number of years, with "n" estimated by interpolation using the formula below.

$current GDP * (1+Growth Rate)^{n} = 2 * current GDP$

In the solutions below, we assumed current GDP to be 1, and as a result, the GDP will double to 2.

Scenario A

$1 * (1+0.35)^{n} =2$

When you substitute 20 for "n" in the left hand side (LHS) of the equation, you will arrive at 1.99 which is approximately equal to 2. Any number below 20 will result in a number less than 2.

Thus, with an average annual real GDP growth rate of 3.5%, real GDP will double in about 20 years.

Scenario B

$1 * (1+0.45)^{n} =2$

When you substitute 16 for "n" in the left hand side (LHS) of the equation, you will arrive at 2.02 which is approximately equal to 2. Any number below 16 will result in a number less than 2.

Thus, with an average annual real GDP growth rate of 4.5%, real GDP will double in about 16 years.

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3 years ago

What is one good way to find out how well prospects will do a job?

amid [387]

Answer:

do an interview

Explanation:

.........

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2 years ago

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Why do you look like dababy?

olasank [31]

Letsss gooo you know it’s baby

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2 years ago

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when compared to the country of origin principle, the country of reception approach to jurisdiction over internet transactions

Oxana [17]

When compared to the country of origin principle, the country of reception approach to jurisdiction over internet transactions requires business managers to have more knowledge of the laws of other countries.

<h3>What is the significance of country of origin principle?</h3>

The country of origin principle is an important feature of leading parts of Union law. It is also known as home country control, country of origin rule, and country of origin principle.

The country of origin principle mainly aims to ensure the effective protection of the public interest in the country of origin.

Basically, the country of origin principle has the main purpose to vest exclusive jurisdiction to regulate in one Member State only.

Learn more about the country of origin principle here:-

brainly.com/question/16529312

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2 years ago

When the price level in the united states falls relative to theprice level of other countries, ________ will fall, ________ will

Rufina [12.5K]

When the price level in the United States fall relative to the price level of other countries, IMPORTS will fall, EXPORTS will rise and NET EXPORTS will rise.
When the price level of the United state is lower than that of another country, the amount of goods that will be brought from another country into US will be reduced while the amount of goods that US send to other countries will increase.

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3 years ago