The change that would encourage GDP growth to slow is the automobile industry reduces hours for factory workers.
<h3>What would cause GDP growth to slow?</h3>
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
If the hours of work for factory workers is reduced, output would be reduced and this would slow GDP growth.
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Accumulated Balance is given by :
Here,
n = time period = 30×12 = 360.
P = principal price = $250.
Putting all given values in above equation, we get :
Hence, this is the required solution.
Answer:
If an economy grows at 7% per year, it will take 70 / 7 = 10 years for the size of that economy to double, and so on.
Average of all forecast errors is 0 a company wants to use a regression analysis to forecasts the demand for the next quarter.
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