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He was the most powerful banker who financed railroads and helped organize US steel, General Electric and other major corporations.
Answer:
a. the large size of the United States was a source of political stability.
Explanation:
In The Federalist Papers, James Madison, who was a firm opponent to factions, argued that the large size of the United States was a source of political stability because in a large and diverse republican nation, it would be unlikely that a majority of people agreed on the same issues and hence, factions, which had a destructive role in society, would have less power.
The rule of 70 is a technique used to forecast how many years would take to a variable to double its value. It consists on dividing number 70 by the growth rate of the variable of interest, which in this case is the GDP of countries A and B.
According to the rule of 70, let's compute how long will take for the GDP of each country to double:
- Country A: 70/2.8= 25 years
- Country B: 70/1.4= 50 years
As the growth rates are constant, it is possible to compute the exact value of the GDP of each country in 100 years time using the number of years for output duplication.
- Country A duplicates its growth every 25 years. Hence, it will happen 4 times in 100 years. In year 25, the output will be $100,000. In year 50, it will duplicate again and reach $200,000. The third duplicate will take place in year 75 and GDP will sum $400,000. Finally, in year 100 it will duplicate one last time and country A will end up the century with a GDP per capita of $800,000.
- Country B duplicates its growth every 50 years. Therefore, it will happen twice in 100 years. In year 50, the output will be $100,000. In year 100, the last duplicate will take place, and country B will end up with a GDP per capita of $200,000.
Wouldnt the andwer of your profit be $300?
