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mixas84 [53]
3 years ago
9

Economists often are interested in percentage change from one period to the next. The percentage rate of change of gross domesti

c product​ (GDP) is an important macroeconomic variable. If in 2010 GDP was​ $11,150 billion​ dollars, and GDP increased to ​$11 comma 78011,780 million in​ 2011, what is the growth rate of the U.S. economy in​ 2011?
Business
1 answer:
Andreyy893 years ago
7 0

Answer:

The growth rate of the U.S economy in 2011 was 5.65%

Explanation:

This is a simple calculation

We use this formula to calculate percent changes from one period to another:

% change = \frac{New Value - Old Vaue}{Old Value} * 100

We have that the GDP for 2010 was $11,150 billion and the GDP in 2011 was $11,780 billions we then apply the formula:

% change = \frac{11,780 - 11,150}{11,150} * 100

% change = \frac{630}{11,150} = 0.056 * 100 = 5.65%

This means that the growth rate of the U.S economy in 2011 was 5.65%

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<em>Your question is incomplete. Please read below to find the missing content.</em>

The subject property has a total value of $280,000 by the sales comparison approach. A competitive neighborhood nearby has home sales with a median value of $250,000, and recent lot sales at $75,000. By allocation, what would be the value of the subject land?

$68,000

$76,000

$84,000

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Learn more about statistics here: brainly.com/question/4219149

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<h3>What is contractual obligations?</h3>

Contractual obligations are responsibilities that each party is bound by law to fulfill under the terms of the agreement.

Each contract involves one or both parties exchanging anything of value in connection with a variety of duties, such as goods, services, money, etc.

Elements of a Contract are-

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8 0
1 year ago
The pharmaceutical company Merck's new drug Vioxx was a blockbuster, generating revenues of $2.5 billion a year by 2002 and grow
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Answer:

Core Values

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