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musickatia [10]
3 years ago
15

Using the Rule of 70, if Slowland's GDP grows at 2% per year and Speedyland's GDP grows at 5% per year, how much quicker will Sp

eedyland double its GDP compared to Slowland?
a. Speedyland will double its GDP 35 years quicker than Slowland.
b. Speedyland will double its GDP 21 years quicker than Slowland.
c. Speedyland will double its GDP 14 years quicker than Slowland.
d. Speedyland will double its GDP 3 years quicker than Slowland.
Business
1 answer:
Solnce55 [7]3 years ago
6 0

Answer:

b. Speedyland will double its GDP 21 years quicker than Slowland.

Explanation:

According to the rule of 70, it tells about the number of years to double

For Slowlands

= 70 ÷ 2

= 35

For speedyland

= 70 ÷ 5

= 14

So if we take the difference than it comes

= 35 - 14

= 21

Hence, the correct option is b and the same is to be considered

And all other options are wrong

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Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.50 each. Complete th
statuscvo [17]

Answer:

Option A is a price floor, option B is binding and option C is price ceiling.

Explanation:

It is stated that the equilibrium price of a donut is $1.50.

If the government institutes a legal minimum price of $1.80 for a donut, that would be an example of price floor because the price cannot be lower than that. $1.80 is higher than $1.50 so it serves a purpose.

Option B is binding since any donut shop that wants to pay better wages is prohibited from hiring more workers.

The government prohibiting donut shops from selling a donut for more than $1.10 is an example of floor ceiling because the price can not go higher than $1.10.

I hope this answer helps.

4 0
3 years ago
You plan to borrow $35,000 at a 7.5% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year p
Alexeev081 [22]

Answer:

$2,250

Explanation:

Since terms require you to amortize the loan with 7 equal end-of-year payments, it implies that interest will be paid on the amount outstanding balance for a whole year.

The would be paid in Year 2 can therefore be calculated as follows:

Equal amount of the loan principal = Loan amount / Number of equal end-of-year payments = $35,000 / 7 = $5,000

Loan balance outstanding throughout Year 2 = Loan amount - Year 1 end-of-year payment = $35,000 - $5,000 = $30,000

Year 2 interest payable = Loan balance outstanding throughout Year 2 * Annual interest rate = $30,000 = 7.5% = $2,250.

Therefore, you would be paying $2,250 interest in Year 2.

3 0
3 years ago
If the total cost of producing 4 units is $150 and the marginal cost of producing the fifth unit is $20, then the total cost of
Fed [463]

Answer:

$170

Explanation:

Marginal cost is defined as the cost of adding an additional cost of a product or service.

Total cost is the sum total of the cost of all the product and/or service.

Cost of producing 4 units = $150

Cost of producing the 5th unit = $20

The cost of producing one unit = $150/4

= $37.5

Total cost of producing 5 units =

Cost of producing 4 units + cost of the 5th unit

= $150 + $20

= $170

Cost of producing the 5 units = $170

3 0
4 years ago
What is meant by reconciliation, and how can it be useful as an input to staff ing planning? wuizlet
umka21 [38]

entails accepting predicted gaps and their most likely causes. They can be helpful in identifying areas to concentrate on and in responding to projected results for the organisational unit.

What is Staffing Planning?
A staffing plan is a strategic planning process used by a business to evaluate and identify its personnel needs (usually under the direction of the HR team). In other words, a solid staffing plan aids in your understanding of the quantity and variety of personnel your business requires to achieve its objectives.

To learn more about Staffing Planning
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7 0
2 years ago
In order to avoid "putting all its eggs in one basket," a business is most likely to:
exis [7]

Answer:

C-PRODUCE OR SUPPLY A VARIETY OF GOODS AND SERVICES

8 0
3 years ago
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