Answer:
Belize will double its GDP per capita 4 years before than Honduras.
Explanation:
First, you have to know in how many years Belize and Honduras separately will double their GDP per capita.
Belize:
Year 0: $14,000
Year 1: $14,000 (Year 0 GDP per capita)*1.07=$ 14,980
Year 2: $14,980 (Year 1 GDP per capita )*1.07=$16,028.6
And so on, the same for Honduras:
Year 0: $4,000
Year 1: $4,000 (Year 0 GDP per capita)*1.05= $4,200
Year 2: $4,200 (Year 1 GDP per capita )*1,05= $4,410
I did this process in excel until i found the number of years that each country will take to double its GDP per capita. The table attached shows that Belize will double it in 11 years (between year 10 and year 11). Honduras will double it in 15 years (between year 14 and 15). Then, Belize will double its GDP per capita 4 years before than Honduras.
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It’s the second one about practice you nerd
Answer:<u><em> Elle's coffee has lots of close substitutes while coffee has few substitutes, so the demand for Elle's coffee is more elastic than the market demand for coffee.</em></u>
Here, it can be seen that when Elle's Espresso Bar raised its price by 10 percent, the quantity of coffee that Elle sold decreased by 40 percent, whereas when Elle and all her competitors cut their prices by 10 percent, the quantity of coffee sold by Elle increased by only 4 percent.
∴<em><u> The demand for Elle's coffee is more elastic than the market demand for coffee.</u></em>
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Answer: This question is not complete.
Explanation:
The full question can be seen in the picture while the solution is in the file attached below
