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katen-ka-za [31]
3 years ago
14

Consider an imaginary economy that has been growing at a rate of 3% per year. Government economists have proposed a number of po

licies to increase the growth rate but first need to convince the president that the policies will pay off. To do so, they want to present a comparison of the number of years it will take for the economy to double, depending on the growth rate. Using the rule of 70, determine the number of years it will take the economy to double at each growth rate. Growth Rate Years Required to Double (Percent) (Nearest whole number of years) 3 4 5
Business
1 answer:
Ivan3 years ago
5 0

Answer:

3% -23.33 years

4%-17.5 years

5%-14 years

Explanation:

The rule of 70 is of the view that an economy would double its current performance in the coming years depicted by number 70 divided by its projected growth rate.

If the economy is growing at rate 3% growth rate,the economy would double its output in 23.33 years' time   (70/3)

While using a growth rate of 4%,the economy would double its effort in 17.5 years' time(70/4) and finally using a growth rate of 5% it would double its effort in 14 years' time(70/5)

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Answer:

$239,060

Explanation:

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<u> Particulars     Carr      Mason      net income distributed   Non-allocated </u>

Net income                                                                              $442,000

Salary

allowance     $42,000                  $42,000                            $400,000

Interest

on capital     $4,410   $10,290      $14,700                            $385,300

left amount  $192,650 $192,650  $385,300                        $0

Net income  $239,060

8 0
3 years ago
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Explanation:

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Elastic goods will always have an substitute.

Example: Books, pencil, Notebook, bread, etc,

Inelastic means: This is opposite of elastic. There will be same number of buyers when the price goes up or down.

Whether the price gets raise or lower daily we need food. So food is inelastic.

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Answer:

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