1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gnoma [55]
3 years ago
15

Country A and country B start with the same GDP per capita of $50,000. Country A's GDP per capita grows at a constant rate of 2.

8%, and country B's GDP per capita grows at a constant rate of 1.4%. Compute the difference in GDP per capita for these two countries after 100 years.
HINT: use the rule of 70 to see how long it will take each country to double its GDP per capita.
Social Studies
1 answer:
MA_775_DIABLO [31]3 years ago
4 0

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.
You might be interested in
Why do you suppose fitzgerald links the behavior of the characters to the hottest day of the summer?
vlabodo [156]
This is based on "The Great Gatsby", a novel that was written by <span>F. Scott Fitzgerald. And in this novel, Fitzgerald connects the behavior of the characters to the hottest day of the summer because of the way they acted. They were so heated and are angry that makes this linked to the hottest day.</span>
5 0
3 years ago
One U.S. Dollar was worth 16 Mexican pesos in 2015, but in 2019 the U.S. Dollar was worth 19 Mexican pesos. This means that in 2
mezya [45]

Answer:

Fewer U.S. dollars were in circulation in 2015 than in 2019.

Explanation:

Exchange rates are known to be constantly fluctuating, and demand and supply are the causes of the rise and fall of currency values. When there is a higher demand for any nation’s currency or a shortage of the supply of that currency, then there would likely be an increase in price .

From the question here, people received a higher value of the Mexican currency in 2019 because the US dollars that were in circulation in 2015 was smaller than that of 2019 .

7 0
3 years ago
Read 2 more answers
Religious practices is one reason that people gathered in towns and
Ann [662]
It’s false It’s crazy how much clues yu have
6 0
3 years ago
While action research is gaining popularity among students, why is this methodological approach controversial among more traditi
Orlov [11]

The answer is: A. It is aligned with values, challenging objectivity.

Action research is a form of research that conducted by offering some sort of progressive solutions to the communities that are experiencing some sort of problems. (such as hate groups, vandalism, etc)

While the intention might be good, action research is undeniable based on value, since the solutions that offered by the researchers would only based on what the researchers think  as morally right. This will create a bias in the way their view the result of their research.

5 0
3 years ago
2. MEDIA LAWS, TYPES AND THEIR EVOLUTION
Yakvenalex [24]

Answer:

3+2=5

Explanation:

math is real

7 0
2 years ago
Other questions:
  • Hows does the “5 Themes of Geography” help when studying the Earth an its people.
    7·1 answer
  • Why was the Declaration of Independence important
    14·1 answer
  • To which wave behavior can audible beats be attributed?
    7·1 answer
  • A business that makes good like furniture from raw materials belongs to which category of industry?
    9·1 answer
  • What type of homes did the South Eastern indians live in??
    14·2 answers
  • PLEASE HELP!
    14·1 answer
  • What was the House of Burgesses?
    6·1 answer
  • Which factor is a strong internal influence on one’s feelings and behavior regarding drugs? (Points : 1) one’s feelings about on
    11·1 answer
  • PLEASE HELP, WILL GIVE BRAINLIEST!!
    11·1 answer
  • do people throughout the world have needs similar to those described in maslow’s need hierarchy? what does your answer reveal ab
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!