1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
An increase in ________ will increase operating cash flow for a profitable
enot [183]

Answer:

Revenue / Sales

Explanation:

Operating cash flow is net of the cash received from the revenue and paid for the expenses during the year. Increase in revenue will lead to an increase in operating cash flow of a profitable business. Operating cash flow is net of the cash received from the revenue and paid for the expenses during the year. on the other hand the increase in Expenses will result in the decrease in operating cash flows.

3 0
2 years ago
If the team leader learns that organizational superiors are unaware of the team’s successes, the leader might initiate an "FYI"
ad-work [718]

Answer:

Advocating

Explanation:

The team leader needs to advocate and represent the team to their organizational superiors (upper management). Sometimes large organizations are too complex and BIG, and lower management has to find a way to make themselves be noticed. For example, he could start writing a newsletter, etc.

8 0
2 years ago
Do you believe initiative is an important quality? Defend your answer.
Olegator [25]

Initiative is an important quality because it proves that you want to do your job or task successfully and independently. Lack of initiative shows laziness and/or low confidence in one's skills.

3 0
3 years ago
Read 2 more answers
The market for college education is perfectly competitive. Over the recent years, costs of equipping and maintaining modern clas
SVETLANKA909090 [29]

Answer:

Equilibrium price increases while the effect on equilibrium quantity is indeterminate.

Explanation:

Due to the higher cost of equipping and maintaining schools, the supply of schools would fall. This would increase the price of schools and the supply would fall.

Increased desire for college education would increase the demand for schools and the price of schools.

Taking the effect of demand and supply together, the equilibrium price would rise and there would be indeterminate effect on quantity

I hope my answer helps you

5 0
3 years ago
Pauline is about to open a new hardware store. She is making decisions regarding lighting, colors, and layout of merchandise. Pa
Morgarella [4.7K]

Answer:

Store atmosphere

Explanation:

There are various techniques used by companies to attract more customers. One of them is to design the shop in the best way possible. Pauline is thinking about designing the place and making decisions about the colours and layout because Pauline understands that the store atmosphere and the looks can certainly affect the customer's purchase decision.

8 0
3 years ago
Other questions:
  • When i was fifteen, i asked my mom if i could go visit my cousin, who lived across the country. "if you can [wol] up enough baby
    8·2 answers
  • It is necessary to calculate equivalent units of production in a department because Select one: a. at times a department may use
    13·1 answer
  • At the end of WWII, the US took charge to reshape Japan’s government and economy. The Allies punished Japan for its past militar
    7·1 answer
  • What is the difference between monetary policy and fiscal policy
    11·1 answer
  • When do the OSD comptroller analyst and Office of Management and Budget analyst hold hearings to review the service's budget?
    9·1 answer
  • The _____ value of stock is an amount assigned per share by the corporation in its charter. In many states, this amount establis
    11·1 answer
  • Explain three types of production technology defined by James D. Thomson and discuss what kind of structure (Mechanic Vs. Organi
    15·1 answer
  • Patents are on the books of a British subsidiary of a U.S. firm at a value of 50,000 pounds. The patents were acquired in 2017 w
    10·1 answer
  • In the week to come, a bank expects $55 million in incoming deposits, $75 million in acceptable loan requests, $35 million in mo
    7·1 answer
  • item 1 starbucks entered a partnership with keurig green mountain to sell k-cup single-serving coffee packs. because starbucks ,
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!