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Lady bird [3.3K]
3 years ago
6

Given the annual rate of economic growth, the "rule of 70" allows one toA) determine the accompanying rate of inflation.B) calcu

late the number of years required for real GDP to double.C) calculate the size of the GDP gap.D) determine the growth rate of per capita GDP.
Business
1 answer:
erik [133]3 years ago
7 0

Answer:

B) calculate the number of years required for real GDP to double

Explanation:

The rule of 70 calculates the amount of time it takes for an investment to double.

Given the annual rate of economic growth, the rule of 70 calculates the number of years required for real GDP to double.

It is calculated as 70 / annual rate of economic growth.

I hope my answer helps you.

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What does a balanced lifestyle look like? choose a job you would like to have and describe how you could keep your life balanced
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Balance life is the ability to manage one's life effectively, given attention to all that is needed.

<h3>What is balance lifestyle?</h3>

Balanced lifestyle occurs when an individual is able to manage all aspect of life without affecting each other.

The individual is able to work effectively and still have a good time with his or her family.

An individual with a personal business can have a flexible schedule to accommodate all that matters to his lifestyle.

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2 years ago
The following transactions are for Kingbird Company.1. On December 3, Kingbird Company sold $450,000 of merchandise to Blossom C
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Answer:

Kingbird Company or Mack Company

Journal Entries:

Dec. 3:

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Credit Sales Revenue $450,000

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Debit Cost of Goods Sold $310,000

Credit Inventory Account $310,000

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Debit Sales Allowance $22,000

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Dec. 13:

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Debit Cash Discount $4,280

Credit Accounts Receivable (Blossom Co.) $428,000

To record the settlement of account.

Explanation:

Journal entries are used to record transactions that occur on a daily basis.  They are usually the first set of records made in the accounting books.  They show the accounts to be debited and the accounts to be credited.  Each transaction is usually debited in one account and credited in another to reflect the double entry system of accounting and to keep the accounting equation in balance.

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Over the last four decades: A. Non-tariff barriers (NTB's)and tariffs have both increased in importance and use B. NTB's and tar
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Answer:

C. NTB's have increased and tariffs have decreased in importance and use

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