1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
slamgirl [31]
3 years ago
14

Assume real per capita GDP in North Metropolania is $6000 while in East Vice City it is $1500. The annual growth rate in North M

etropolania is 2.33%, while in East Vice City it is 7%. How many years will it take for East Vice City to catch up to the real per capita GDP of North Metropolania?
Business
1 answer:
hoa [83]3 years ago
6 0

Answer:

It would take East Vice City 36 years to catch up to the real per capita GDP of North Metropolania

Explanation:

Please find the detailed explanations and calculations as below:

Denote x is the number of years that needs to be found.

For East Vice City to catch up to the real per capita GDP of North Metropolania, we have the equation to show the real GDP of North Metropolania equals to that of East Vice City after x years as followed:

6,000 x 1.0233^x = 1,500 x 1.07^x <=> 4 x 1.0233^x = 1.07^x <=> x = 36 years

You might be interested in
Which of these images is most likely to portray nonverbal communication?<br><br> please help asap!!
drek231 [11]
She's the last one since she's the only one you're talking to
4 0
3 years ago
The three major types of firms in the united states are called
Nina [5.8K]
The three major types are;
1. Partnerships
2. Corporations
3. Sole proprietorship

5 0
3 years ago
In​ 1885, first-class postage for a​ one-ounce letter cost​ $0.02. The same postage in 2015 costs​ $0.49. What compounded annual
geniusboy [140]

Answer:

2.49%

Explanation:

The period 't' between 2015 and 1885 is:

t = 2015 -1885 = 130\ years

The annual rate 'r' at which the original $0.02 value has been compounded over 130 years to reach a value of $0.49 is determined by:

0.49 = 0.02*(1+r)^{130}\\r=\sqrt[130]{24.5}-1\\ r=0.0249 = 2.49\%

The cost of​ first-class postage has experienced an annual increase of 2.49% over this period.

6 0
3 years ago
The practice of buying goods and services now and paying for them later is termed:______
sesenic [268]

The practice of buying goods and services now and paying for them later is termed is<u> Bartering</u>.

A barter is a transaction in which two or more parties exchange products or services without exchanging cash or other forms of payment like credit cards.

In its simplest form, bartering entails the exchange of one party's good or service for another party's good or service.

A carpenter who constructs a fence for a farmer is a straightforward illustration of a barter transaction.

The farmer might compensate the carpenter with $1,000 worth of crops or groceries rather than paying the builder $1,000 in cash for labor and supplies.

To learn more about Bartering here

brainly.com/question/14903216

#SPJ4

7 0
2 years ago
during the great recession, the united states congress increased the length of time that unemployment benefits could be received
Natali5045456 [20]

One of the important laws passed by Congress during the Great Recession to combat the rising rate of unemployment was to lengthen the term of unemployment insurance (UI). Prior to the recession, all states save for two offered a maximum of 26 weeks of benefits. However, most states only went as long as 99 weeks during the recession.

The Great Recession is an economic recession that began in the United States as a result of the financial crisis of 2007–2008 and extended fast to other nations. It was the longest and most severe economic Recession to hit several nations, including the United States, since the Great Depression, starting in late 2007 and extending until mid-2009 (1929–c. 1939).

The collapse of the U.S. housing bubble in 2007 marked the start of the financial crisis, which saw a dramatic reduction in liquidity in international financial markets.

To know more about Great Recession, refer:

brainly.com/question/18723488

#SPJ4

3 0
1 year ago
Other questions:
  • Which of the following statements is true of process​ costing? A. It tracks and assigns both period costs and product costs to u
    11·1 answer
  • What is the only state whose capital city begins with the letter "f"?
    11·1 answer
  • In recent years, the U.S. labor market has experienced a __________ in the earnings gap between men and women. One of the main f
    13·1 answer
  • Writers at giant robot magazine realize that creating a​ ________ is important because it gives them the opportunity to let thei
    9·1 answer
  • 1. What PECs must she possess if there are customer who complain about the quality of her product???
    10·1 answer
  • Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the board of directors on Dec
    7·1 answer
  • Why is it important to reconcile your bank statements?
    11·2 answers
  • If the European subsidiary of a U.S. firm has net exposed assets of 750,000 Euros, and the euro drops in value from $1.30/euro t
    13·1 answer
  • Prepare an income statement for Jay Pembroke for the month of April 20xx using the account balances given below. Cash $13,561 Ac
    13·1 answer
  • Which are options for filtering specific categories in a record? Check all that apply.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!