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photoshop1234 [79]
3 years ago
6

Real GDP per capita in the U.S. grew from about​ $6,000 in the year 1900 to about​ $51,500 in​ 2016, an average growth rate of​

1.9%. If the U.S. economy continues to grow at this​ rate, how many years will it take for real GDP per capita to​ double? If the U.S. government is able to stimulate the economy such that real GDP grows at a rate of​ 2.2%, how many fewer years would it take for real GDP per capita to double at this higher​ rate?
Business
1 answer:
ollegr [7]3 years ago
8 0

Answer:

36.84 years and 31.82 years

Explanation:

In this question ,we applied the rule no 70 which means we get to know the estimated number of years for doubling the real GDP

In the first case, the estimated number of years

= 70 ÷ average  annual growth rate

= 70 ÷ 1.9%

= 36.84 years

In the second case, the estimated number of years

= 70 ÷ average  annual growth rate

= 70 ÷ 2.2%

= 31.82 years

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Campbells is a newly established company that specializes in preparing healthy but tasty food for children under the age of 5. I
Oxana [17]

Answer: Introduction phase.

Explanation:

Campbell's company is going through the introduction phase of it's development cycle. In the introduction phase, a business; builds it's customer base, makes very little or no profit, observes slow growth rate and the running cost is usually high, but the business tends to stabilize as it enters the growth phase.

6 0
4 years ago
The article discusses income inequality, and for some people this means a more equitable distribution of income is needed in the
s344n2d4d5 [400]
<span>The phrase used in the article, a more equitable distribution of income, is meant to convey the idea that income should be more fairly distributed through everyone in all classes in the country. The basic idea is there should not be such huge gaps between the top and bottom income tiers.</span>
6 0
3 years ago
Should Tangshan Mining company accept a new project if its maximum payback is 3.5 years and its initial after tax cost is​ $5,00
Firlakuza [10]

Answer:

Yes, Tangshan Mining company should accept the project.

Explanation:

Payback period is the number of years it takes for a project's expected cash inflows to recover the initial investment amount.

Tangshan company's required payback period = 3.5 years

<u>Year             CF                       Net CF</u>

0             -5,000,000        -5,000,000

1               1,800,000          -3,200,000

2              1,900,000          -1,300,000

3                700,000           -600,000

4               1,800,000            1,200,000

<em>Payback period = last year with -net CF +(absolute net CF that year /total CF the following year)</em>

Payback period = 3 + (600,000 / 1,800,000)

=3 + 0.33

= 3.33 years

Since 3.33 years is lower than the required payback period of 3.5 years, Tangshan Mining company should ACCEPT the new project; it will take less years to fully recover the initial amount investment.

5 0
3 years ago
A parent acquires its subsidiary on January 1, 2019, at a cost that exceeds the subsidiary's book value by $10,000. The subsidia
klasskru [66]

Answer:

Correct answer is D $7300

Explanation:

Net income in 2019

$4,500

Net income in 2020

$3,200

Minus: Goodwill from the acquisition impaired in 2019

-$300

Minus: Goodwill from the acquisition impaired in 2020

-$100

Investment in subsidiary account

$7,300

Net income of the subsidiary company will be increasing the parent's asset value on the balance sheet, and any subsidiary's loss or goodwill impairment decreases it.

8 0
4 years ago
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6.256.25 + 3.003.00 = 625628003
7 0
3 years ago
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