Answer:
A. approximately 56 years
Explanation:
Giving that
Annual percentage growth rate = 2.5%
Using rule of 70
Years to double = 70 ÷ 2.5
= 28 years
Therefore, years to quadruple from original GDP
= 28 × 2
= 56 years
Therefore it will take 56 years for US GDP to reach 200,000 from 50,000 at annual rate of 2.5
(P.S. - in the future you will get better help when you add the possible answer choices!)
The law of supply states that, all other things equal/consistent) an increase in price will result in an increase in supply.
This is because as the price of a product goes up and up, more and more companies will be willing to sell it. The inverse is also true.. as the price goes down, fewer companies will bother selling the item.
U.S. demand conditions.
Answer: Option B.
<u>Explanation:</u>
Since the question is about the domestic demand and the demand of the citizens who are living in the country, the demand of the people who are living in the United States of America should not affect the domestic demand of Indian citizens.
The demand of every good and service is affected by some factors which increase or decrease the demand of these goods and the services. But the demand of the international consumers or customers will not affect the demand of the national goods and services.
Answer:
Cash $3,848
Service Charge Expense ($4,000 ×3.8%) $152
To Sales Revenue $4,000
(Being the record of the sale of merchandise is recorded)
Explanation:
The journal entry is shown below:
Cash $3,848
Service Charge Expense ($4,000 ×3.8%) $152
To Sales Revenue $4,000
(Being the record of the sale of merchandise is recorded)
Since sale is made so we debited the cash it increased the assets plus there is service charge expense so the same is also debited as it increased the expenses and at the same time the merchandise is sold so it would be credited as it increased the revenue
Answer:
The solution is given in the table file attached below
Explanation:
