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
Naily [24]
3 years ago
10

Assume that a "leader country" has real GDP per capita of $50,000, whereas a "follower country" has real GDP per capita of $25,0

00. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 5 percent in the follower country.?
Business
1 answer:
Julli [10]3 years ago
5 0

Answer:

14 years

Explanation:

Given:

Leader country GDP = $50,000

Follower country GDP = $25,000

Growth rate of follower country = 5%

It is given that growth rate of leader country is "0" So real GDP will be $50,000.

Follower country GDP is half.

So, according to double match formula

Number of years to double = 70 years / rate of growth

Number of years to double = 70 years / 5%

Number of years to double = 14 year

So, In 14 years follower country will catch the GDP of Leader country.

You might be interested in
(b) The following expenditures relating to plant assets were made by Prather Company during the first 2 months of 2020. Opposite
densk [106]

Answer:

Please see explanation below

Explanation:

1. Paid $5,000 of accrued taxes at time plant site was acquired. - Debit accrued taxes account $5000, credit cash expenses account $5000.

2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. - Debit freight and insurance in transit $200, credit cash expenses $200.

3. Paid $850 sales taxes on new delivery truck. - Debit sales tax $850, credit expenses $850.

4. Paid $17,500 for parking lots and driveways on new plant site. - Debit land improvements $17,500, credit cash expenses $17,500.

5. Paid $250 to have company name and advertising slogan painted on new delivery truck. - Debit advertisement $250, credit cash expenses $250.

6. Paid $8,000 for installation of new factory machinery. - debit installation costs (under plants and machinery $8000.

7. Paid $900 for one-year accident insurance policy on new delivery truck. - Debit insurance $900, credit cash expenses $900.

8. Paid $75 motor vehicle license fee on the new truck. - Debit licensing fees $75, credit cash expenses $75.

6 0
3 years ago
Read 2 more answers
Founders should be wary of crowdfunding sites like Kickstarter, because these efforts require founders to give up large ownershi
Westkost [7]

Answer:

B. False

Explanation:

As the name suggests that crowdfunding refers to the funding for a project by having a small amount from the public at large in an internet

Since in the question it is mentioned that the founders should put efforts for giving the high stake of ownership with respect to high contributors before raising the funds to launch a product in the market

But this above requirement should not be necessary

Therefore the given statement is false

5 0
3 years ago
Gerald is assessing global entry strategies for his gourmet sandwich business. He doesn't want to take much risk, and he's willi
vitfil [10]

Gerald is assessing global entry strategies for his gourmet sandwich business. He does not want to take a lot of risk and he is willing to limit his control of international stores. Gerald will likely use a(n) __________ strategy.

Select one:

a. direct investment

b. franchising

c. exporting

d. joint venture

e. strategic alliance

Answer:

b. franchising

Explanation:

For a food business like a gourmet sandwich business, the best global entry strategy Gerald will likely take that involves low risk and limit in control of international store is franchising strategy.

Franchising, which involves a contract that allows one company to use the brand and concept of another company, guarantees getting customers and retention of customers. The image of the product offered would be created in current and potential customers .

7 0
3 years ago
Suppose the economy is operating in long-run equilibrium and a positive demand shock hits. We expect a short-run increase in rea
Pepsi [2]

Answer:

The correct answer is: an expansionary gap; decrease the money supply.

Explanation:

An expansionary gap is when genuine output surpasses potential output. At the end of the day, the economy is incidentally working over its long-run potential as estimated by real GDP.

3 0
3 years ago
Solar Solutions, a U.S.-based company, is planning to expand operations to a foreign country. Considering the factors that make
DaniilM [7]

A country that US-based company Solar Solutions should consider entering and expanding its business is one that has democratic institutions and a market-based economic system.

<h3 /><h3>Business internationalization</h3>

It corresponds to a strategy adopted by companies that wish to expand their business to other countries based on an economic opportunity that increases competitiveness and profitability in the market.

Therefore, a democratic country based on the free market would be the ideal option for a company to go global to produce and sell its products and services more widely and based on the economic laws of supply and demand.

The correct answer is:

  • A country that has democratic institutions and a market-based economic system.

Find out more information about internationalization here:

brainly.com/question/26330420

4 0
2 years ago
Other questions:
  • A first-round draft choice quarterback has been signed to a three-year, $10 million contract. The details provide for an immedia
    9·1 answer
  • _____ refers to the movement of products through more than one channel to reach the firm's target market. select one:
    5·1 answer
  • Budweiser is a popular brand of beer. Part of this company's market research of U.S. consumers looked at education levels of bee
    14·1 answer
  • Lee qualified as head of a household for 2019 tax purposes. Lee’s 2019 taxable income was $100,000, exclusive of capital gains
    8·1 answer
  • Alicia heard that as a general rule, she should spend no more than one week's pay on rent. If Alicia's pay is $35,256 per year,
    11·2 answers
  • Which type of culture would most likely include characteristics such as openness, freedom, debate, and risk-taking?
    12·1 answer
  • In the books of seller, ____ is deducted from the invoice price when the buyer pays earlier or on the date/term stipulated
    7·1 answer
  • the vikings company, based in minnesota, is committed to training new employees. assuming the company uses the incremental learn
    14·1 answer
  • The Bay Fig Corporation has $350,000 of taxable income from operations for the current year, and dividends of $50,000 received f
    5·1 answer
  • A measure of social class that is based on income, wealth, prestige and power is called? a. socioeconomic status. b. esteem. c.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!