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nadezda [96]
3 years ago
5

Assuming a country's economy maintains an 8% rate of growth, young adults starting at age 20 would see the average standard of l

iving in their country more than double by the time they had reached age __________.
A. 30
B. 40
C. 50
D. 60
Business
1 answer:
lapo4ka [179]3 years ago
5 0

Answer:

A) 30

Explanation:

to determine in how many years the economy will double with an 8% growth rate, we can use the rule of 72. The rule of 72 basically works by dividing 72 by the compounding growth rate to determine the number of years it will take an investment to double.

The rule of 72 works well when growth rate is between 6-10%, at 8% it is quite exact. For lower growth rates you should use the rule of 70 which is basically the same but instead of using 72, you use 70. For growth rates over 10% you should use 69.3.

the number of years for the economy to double = 72/8 = 9 years, so 9 plus 20 = 29 years. Since the question asks at what age the economy should have more than doubled, it would be a little over 29, and in this case it is 30.

You can always check which number is more exact calculating 1.08⁹ = 1.999

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Answer: b. The instrument is correlated with x1.

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Explanation:

Based on the information given in the question, the necessary characteristics of a suitable instrument include:

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• The instrument does not directly influence y, except through x1.

Some of the criteria for an instrument variable are the fact that it should have a causal effect on independent variable and also the dependent variable isn't directly affected except through the independent variable which is x1 in this scenario.

Therefore, the correct option are B and D.

4 0
3 years ago
Suppose that you purchase a 182-day Treasury bill for $9,850 that is worth $10,000 when it matures. The security's annualized yi
Ivahew [28]

Answer:

Annual interest rate= 3%

Explanation:

Giving the following information:

Present value= $9,850

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Number of days= 182

<u>First, we need to calculate the daily interest rate. We will use a financial calculator (the formula is incredibly difficult to use):</u>

<u></u>

Function= CMPD

n= 182

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FV= -10,000

<u>Now, the annual interest rate:</u>

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3 0
3 years ago
A stock's dividend is expected to grow at a constant rate of 5% a year, which of the following statements is CORRECT? The stock
Llana [10]

Answer:

a. The stock's price one year from now is expected to be 5% above the current price.

Explanation:

Under gordon model:

\frac{divends}{return-growth} = Intrinsic \: Value

If we calculate the value of the stock for the year after that:

\frac{divends x (1 + growth)}{return-growth} = Intrinsic \: Value

to calculate the value of the increase we divide next year over current year.

\frac{divends(1+growth)}{return-growth} \div \frac{divends}{return-growth}\\\\\frac{divends(1+growth)}{return-growth} \times\frac{return-growth}{divends}\\\\\frac{divends(1+growth)}{divends}= 1+ growth

We have demostrate that next year stock should increase by 1 + growth so statement c is correct.

7 0
3 years ago
The ______ viewpoint regards the organization as arrangements of interrelated parts that operate together to achieve a common pu
timurjin [86]

Answer:

Classical

Explanation

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It should be noted that Classical viewpoint regards the organization as arrangements of interrelated parts that operate together to achieve a common

3 0
3 years ago
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