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topjm [15]
3 years ago
9

Why does a small difference in economic growth result in a large difference in wealth over time?

Business
1 answer:
larisa [96]3 years ago
7 0

Answer:

The correct answer is the option C: Because the effect of compounding allows growth to build upon previous growth.

Explanation:

To begin with, the term of <em>"Compounding"</em> in economics refers to the situation in which an assets' earnings are reinvested to generate more additional earnings over the pass of time and therefore that in an economy when there is a small growth the investors take advantage of the effect that the compounding has over the situation and use it in order to generate more earning in the future and that is why that the the effect of compounding allows growth to build only upon previous growth.

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Production used 2.5 labor hours per finished unit, and the company actually paid $21 per hour, totaling $52.50 per unit of finis
jeka94

Answer:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual hours

Explanation:

Giving the following information:

The production used 2.5 labor hours per finished unit, and the company paid $21 per hour, totaling $52.50 per unit of finished product.

<u>We weren't provided with enough information to solve the problem. We need estimated production hours and rates. But, I can leave the formula to solve it.</u>

To calculate direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Hours

3 0
3 years ago
The value of the goods and services Australia purchases from the U.S. are less than the value of goods and services the U.S. pur
Diano4ka-milaya [45]

Answer:

Option (d) is correct.

Explanation:

The information given in the question clearly shows that the value of goods and services U.S imported from Australia is greater than the value of goods and services Australia imported from the U.S. This exchange of goods and services between these two nations also shows that exports of Australia towards U.S. are greater than the exports of U.S. towards the Australia.

Balance of trade or Trade Balance or Net exports:

= Exports - Imports

Since Australia's Exports are greater than its imports, so Australia has a positive net exports and a trade surplus and U.S's Exports are less than its imports, so U.S has a negative net exports and a trade deficit with Australia.

7 0
3 years ago
Suppose that the duration of unemployment can be accurately modeled by an exponential distribution. What is the probability that
Phantasy [73]

Answer:

The answer is "0.7275".

Explanation:

6 months =26 weeks.

Since we can write pdf in a medium 20 weeks since the distribution is exponential

P(X

                 = \frac{1}{20} \frac{e^{\frac{-x}{20}}}{\frac{-1}{20}}|_{0}^{26} \\\\\\ = -(e^{ \frac{-26}{20}} - e^{0})\\\\\\ = 0.7275

4 0
3 years ago
You have collected data on the number of U.S. households actively using online banking and/or online bill payment from 1995 to 2
MAXImum [283]

Answer:

D

Explanation:

time-series plot is a data visualization graph that illustrates data points at successive intervals or time.

6 0
4 years ago
During March, the production department of a process operations system completed and transferred to finished goods 25,000 units
lesya692 [45]

Answer:

175,000 units

Explanation:

total transferred units = beginning work in progress units + number of units started and completed

  • beginning work in progress = 25,000 units
  • units started and completed during March = 150,000 units

total transferred units = 25,000 + 150,000 = 175,000 units

7 0
3 years ago
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