Answer:
At the growth rate of 3% per year
Number of years taken to double the GDP = 23.33 years
The the GDP will double ( 23.33 - 20 ) 3.33 years earlier at 3.5% growth rate
Explanation:
According to the rule of 70
Number of years taken to double the GDP = 70 ÷ [ Growth rate ]
Thus,
At the growth rate of 3% per year
Number of years taken to double the GDP = 70 ÷ 3
= 23.33 years
Further
if the growth rate is 3.5% per year
Number of years taken to double the GDP = 70 ÷ 3.5
= 20 years
Hence,
The the GDP will double ( 23.33 - 20 ) 3.33 years earlier at 3.5% growth rate
Answer:
$412,500
Explanation:
March
Cash receipts from sales on account for April = $400,000 * 75%
Cash receipts = $300,000
April
Cash receipts from sales on account for April = $450,000 * 25%
Cash receipts = $112,500
Total Cash receipts = Cash receipts from sales on account from March + Cash receipts from sales on account from April
Total Cash receipts = $300,000 + $112,500
Total Cash receipts = $412,500
The level of racking that should be stocked first would be the top bay, followed by the middle bay, and the last level to be stocked would be the bottom bay. It's simpler to remember, "top, middle, then bottom" when putting away pallets of freight into multiple depth drive-in bays. I hope this helps!
Answer:
C. To enforce property rights
Explanation:
Government intervention in market can be non materistically via regulation , materistically via taxes & subsidy.
Although the second materislistic way of tax, subsidy comes under the perview of 'Government Budget' .
Government budget is anual financial statement showing economy's expected revenue & expenditure .
Economic growth & stability by reallocation of resources , reducing income inequalities - reflect 'efficiency' & 'equity' as valid reasons .
Foreign protection is also not invalid depending upon the initial budding stage of a developing economy & its global stand. Eg - India 1950 to 1990 .
However all these are progressive legitimate reason for govt. Intervention .
But , enforcing property rights is a feature of 'socialistic (communistic) economy - which has its own demerits like loss of consumers soveireignity , lack of postive competitive efficiency , govt overburden.