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Keith_Richards [23]
3 years ago
8

Suppose that real GDP per capita in the United States is $49,000. If the long-term growth rate of real GDP per capita is 1.6% pe

r year, how many years will it take for real GDP per capita to reach $98,000? Instructions: Enter your answer as a whole number. years
Business
1 answer:
Stells [14]3 years ago
4 0

Answer:

n = 43.6673555

it will take 43.67 year to achice a real GDP of 98,000

Explanation:

we solve for time of a future lump-sum:

PV (1+r)^n = FV\\(1+r)^n = FV / PV\\

we use logarithmics properties:

(1+r)^n = FV/PV\\log_{1+r}FV/PV = n\\n = \frac{log FV/PV}{log(1+r)}

PV 49,000

FV 98,000

rate 1.6%

n = \frac{log 98,000/49,000}{log(1+0.016)}

n = 43.6673555

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Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphi
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Complete question

Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphing model of supply and demand predicts:

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brainly.com/question/516635

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5 0
2 years ago
Delores Bierlein paid a $200 deposit toward the rental of the Silver Room at Alex's Continental Inn for her wedding reception. L
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Answer:

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<span>Part of the lands' end business model includes purchasing products and then selling them again without any reprocessing. Lands' end is operating in the reseller market.
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7 0
3 years ago
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