Answer:
39 years
Explanation:
Under the rule of 70, the economy doubles its real GDP per capita income
In this the computation is done by dividing the 70 by the annual growth rate
So, the formula is shown below:
Time period = Rule of 70 ÷ growth rate
where,
Growth rate is 1.8%
So, the time period at which the GDP doubles is
= 70 ÷ 1.8
= 39 years
By dividing the rule of 70 by the growth rate we can find the number of years at which the GDP doubles
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Bank Overdraf
Explanation:
Overdrafts are where the bank account becomes negative and the businesses in effect have borrowed from the bank.
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Auditors would likely prepare a
proof of cash in an event where the client has substantial control weaknesses
in cash receipts and cash disbursements, since a proof of cash would incorporate
separate columns for cash receipts and cash disbursements. The proof of cash
template is otherwise called the four-column bank reconciliation.
