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almond37 [142]
3 years ago
6

Consider two scenarios for a nation's economic growth. Scenario A has real GDP growing at an average annual rate of 2%; scenario

B has an average annual growth of 4%.
The nation's real GDP would double in about:_______
a. 25 years under scenario A, versus 12.5 years under scenario B.
b. 36 years under scenario A, versus 18 years under scenario B.
c. 36 years under scenario A, versus 9 years under scenario B.
d. 18 years under scenario A, versus 9 years under scenario B.
Business
1 answer:
const2013 [10]3 years ago
6 0

Answer: b. 36 years under scenario A, versus 18 years under scenario B.

Explanation:

The Rule of 72 is a rule in finance that will allows for the calculation of how long it will take for an investment to double given its interest rate.

The time is calculated by dividing 72 by the interest rate in question.

Scenario A

= 72/2

= 36 years.

Scenario B

= 72/4

= 18 years.

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3 years ago
A higher required reserve ratio​ _________ the value of the simple deposit multiplier.
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The answer to this question is decreases
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4 years ago
Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, wh
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Answer:

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Zero- there is a $10 Million exemption equivalent ( d )

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