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8090 [49]
2 years ago
8

Suppose two​ countries, Country A and Country​ B, have a similar real GDP per capita. Country A has an average economic growth r

ate of​ 2% and Country B has an average economic growth rate of​ 3.3%. In the long​ run, what can we predict about living standards in the two​ countries? A. Growth rates are not related to living standards. B. The countries will experience similar increases in their living standards. C. Country​ A's living standards will increase much more rapidly in the long run. D. Country​ B's living standards will increase much more rapidly in the long run.
Business
1 answer:
ozzi2 years ago
7 0

Answer:

D

Explanation:

Many studies have found a positive correlation between economic growth and living standards. This means that empirical works have found that countries with higher economic growth, often have better living standards than the countries with less economic growth. In this case if real GDP per capita of both countries is similar, then they are comparable.

We can deduce that the country B will experience an increase in living standards much more rapidly in the long run because economic growth leads to an increase in profits for firms, there would be a better capital and labor return. This means that firms will pay more for capital and labor, if households are de owners of capital and labor, their rents and wages will increase. The disposable income will increase for households and they will consume more goods and services, then their living standards will increase.

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mr_godi [17]

Answer:

$714,980.95

Explanation:

The most it would be willing to pay is the present value of the cash flows

present value is the sum of discounted cash flows from a project

present value can be determined with a financial calculator

Cash flow each year from year 1 to 6 = $150,000

I = 7%

Present value = $714,980.95

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

8 0
3 years ago
Robert Klassen​ Manufacturing, a medical equipment​manufacturer, subjected 90 heart pacemakers to 5,000 hours of testing. Halfwa
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Answer and Explanation:

The computation is shown below:

a. For the percentage of failures is

= Number of failures ÷ number of pacemakers tested

= 4 ÷ 90

= 4.4%

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= Number of failure ÷ total time - non-operating time

= 4 ÷ (5,000 × 90) - (5,000 ÷ 2 × 4)

= 4 ÷ (450,000 - 10,000)

= 4 ÷ 440,000

= 9.09 × 10^-6

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c. For Number of  failures per unit-year is

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5 0
2 years ago
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Winston-Churchill was born when his father entered Parliament independent
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Your parents have made you two offers. The first offer includes annual gifts of $10,000, $11,000, and $12,000 at the end of each
Diano4ka-milaya [45]

Answer:

$28,216

Explanation:

The computation of the minimum amount that you will accept today i.e present value is shown below:

Year            Cash flows          Discount factor                Present value

1                   $10,000.00 0.9259259259           $9,259.26

2                  $11,000.00         0.8573388203           $9,430.73

3                  $12,000.00 0.793832241                   $9,525.99

Total present value                                                          $28,215.97

The discount factor should be computed by  

= 1 ÷ (1 + rate)^years

     

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