Answer:
B) calculate the number of years required for real GDP to double
Explanation:
The rule of 70 calculates the amount of time it takes for an investment to double.
Given the annual rate of economic growth, the rule of 70 calculates the number of years required for real GDP to double.
It is calculated as 70 / annual rate of economic growth.
I hope my answer helps you.
Answer: C. marginal product of the last worker hired is less than the marginal product of the previous worker hired
This statement is correct because marginal product refers to the increase in the production, when 1 worker is added to the production process. Diminishing marginal returns set in when adding one extra worker increases the production less than the previous worker did.
Explanation:
Answer:
Amortization
Explanation:
Amortization is an accounting technique that is applied for lowering the book value or for an intangible asset for a period of time. It is same as depreciation as depreciation is to be charged over the tangible fixed asset such as building, furniture, etc
But the amortization should be charged on the intangible assets like copyrights, trademarks etc
