Under the rule of 70, if the GDP per capita growth rate in the United States is 2.3%, standards of living double every 70/2.3 = 30.43 years.
<h3>What is Gross Domestic Product (GDP)?</h3>
The term "Gross Domestic Product," or GDP, refers to the total monetary worth of all finished goods and services produced (and marketed) within a nation within a specific time period (typically 1 year).
GDP Growth Rate:
- The GDP growth rate compares the most recent quarter or year to the preceding one and represents the percentage change in real GDP (GDP adjusted for inflation) from one period to the next.
- A positive or negative number may be used (negative growth rate, indicating economic contraction).
GDP per capita:
- By dividing nominal GDP by a nation's entire population, one can get GDP per capita.
- It conveys the nation's average economic output (or income) per person.
- The population figure corresponds to the year's median (or mid-year) population.
The price deflator, a statistical tool, is used to convert nominal GDP to constant prices.
To know more about Gross domestic product (GDP), here
brainly.com/question/1383956
#SPJ4
Answer:
Explanation:
In this question, we are expected to know the amount a certain investment would have grown to after 5 years.
Mathematically, the amount is calculated by the formula below:
A = P(1 + r/n)^nt
The parameters have the following values: A = ? P = $500 r = 13% = 13/100 = 0.13 n = 2 ( semi-annually means two times a year) and t = 5 years
A = 500( 1 + 0.13/2)^(2 * 5)
A = 500(1 + 0.065)^10
A = 500( 1.877)
A = 938.56 or simply $939
A percentage of sales revenue paid to coworkers is called commission
Answer:
Value of equity = 9,000 x $26.80 = $241,200
Value of debt issued = $39.932
Value of equity after debt repayment = $241,200 - $39,932
= $201,268
No of equity outstanding after debt repayment = <u>$201,268</u>
$26.80
= 7,510 shares
Explanation:
In this regard, there is need to determine the value of equity after debt repayment, which is value of equity minus value of debt repaid. Then,we will divide the value of equity after debt repayment by the value of equity per share. This gives the number of shares outstanding after debt repayment.
