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Andrej [43]
3 years ago
7

According to the​ "rule of​ 70", how many years will it take for real gdp per capita to double when the growth rate of real gdp

per capita is​ 5%?
Business
1 answer:
slava [35]3 years ago
8 0

14 Years.

The rule of 70 is a measure of how long it takes for something to double. 70 is divided by the rate of growth or rate of return.

70/5% = 14 years

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Varvara68 [4.7K]
By adjusting spending and tax rates (known as fiscal policy) or managing the money supply and controlling the use of credit (known as monetary policy), it can slow down or speed up the economy's rate of growth and, in the process, affect the level of prices and employment.
7 0
3 years ago
Communicating with people you know or meet to share information or advice about a job defines _____.a. contact listb. job leadsc
PolarNik [594]

Answer: (C) Networking

Explanation:

 Networking is the process of communicating by sharing the data or information from source to its destination by using various types of computer networks such as protocols, different type of software and the wireless technology.

According to the given question, the communicating with the people and share the information regarding the hob is defined as the networking.

 The main objective of the networking is that it helps in exchange the information or data and give advice about the career and jobs.

 Therefore, Option (C) is correct.

3 0
3 years ago
What does a boilermaker do?
Rus_ich [418]

Answer:

C) Assembles, installs, and repairs large containers that hold gases and liquids.

5 0
2 years ago
An increase in the reserve requirement _____. rev: 06_20_2018 Multiple Choice increases the money supply by decreasing excess re
Jlenok [28]

Answer:

decreases the money supply by decreasing excess reserves and decreasing the monetary multiplier

Explanation:

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Therefore the third option is correct

4 0
3 years ago
Helen recently received a credit card with a nominal interest rate of 21 percent. With the card, she purchased some new clothes
Ludmilka [50]

Answer:

It will take 14.2 months before Helen pays off the card.

Explanation:

PV Ordinary Annuity = C*[(1-(1+i/100)^(-n))/(i/100)]

C = Cash flow per period

i = interest rate

n = number of payments

250= 20*((1-(1+ 21/1200)^(-n*12))/(21/1200))

n(in years) = 1.19

Months = years*12 = 1.19*12 = 14.2 months

6 0
3 years ago
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