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Angelina_Jolie [31]
3 years ago
6

Janet wants to calculate the real growth rate for the US between 2010 and 2011. She has the follow information: real GDP in 2010

= 15 trillion dollars, real GDP in 2011 = 15.5 trillion dollars. Based on this information, the growth rate between 2010 and 2011 is_______________
Business
1 answer:
Zina [86]3 years ago
8 0

Answer:

The answer is 3.3%

Explanation:

Percentage growth rate is

New figure - Old figure /old figure x 100%

Real GDP in 2011 is $15.5 trillion

Real GDP in 2010 is $15 trillion

So we have $15.5 - $15/$15 x 100%

$0.5/$15 x 100%

0.033 x 100%

3.3% is the growth rate between 2011 and 2010.

Alternatively, new figure - old figure - 1

$15.5/15 - 1

1.033 - 1

0.033

Expressed as a percentage

0.033 x 100%

3.3%

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Answer:

radial

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step by step explanation

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A random sample of 84 shoppers were interviewed and 51 said they prefer to shop alone rather than with someone else. let p repre
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The point estimate or p hat is a single value that shows the best estimation of a certain parameter among a population.

To calculate point estimate, we divide the parameter by the whole population.

In case of this problem:
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7 0
3 years ago
FitWear Inc., a sporting goods footwear and apparel company, features photographs of celebrities wearing its brand of clothing a
Volgvan

Answer:

opinion leaders

Explanation:

Since in the question it is mentioned that the Fitwear Inc i.e. a footwear of sporting products and apparel company also it established a new line of football cleats. In addition to this, they also believes that celebrities could influence the buying decision of the customers so here the football stars would be represent as an opinion leaders as they are considered as an individual that influence the people in general

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3 years ago
Camp Elim obtains a $125,000, 6%, five-year loan for a new camp bus on January 1, 2021. If the monthly payment is $2,416.60, by
Virty [35]

Answer:

The answer is A. $1,791.60

Explanation:

Annual interest payment on the loan is:

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Monthly payments (which comprise principal and interest payment) is $2,416.60.

The carrying value decrease when the first payment is made on January 31 was made will be:

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4 0
3 years ago
When a new product is being introduced and reaching as many persons in the target market as quickly and as cost effectively as p
gtnhenbr [62]

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For a new company to quickly reach as many customers as quickly as possible, the company has to be involved in selling itself to the public and also intensive advertising.

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6 0
3 years ago
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