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2 years ago

If it could increase its growth rates slightly, a country with low income would catch up with rich countries in about ten years.

1 answer:

6 0

That statement is false.

In order to catch up with rich countries, a country with low income probably need to maintain more than 100% growth rate in about 10 years.
Because if the country only increases its growth rates slightly, the rich countries may grow even further during that period.

You might be interested in

Which of the following is not correct? a. The consumer price index gives economists a way of turning dollar figures into meaning

Marina CMI [18]

Answer:

The consumer price index is used to measure the quantity of goods and services that the economy is producing.

Explanation:

CPI or consumer price index is a measure of changes in the average prices of a basket of products and services in a given time. The selected goods and services are a fair representation of consumption expenditure in the economy. Economists use the CPI as a Macroeconomic indicator of inflation.

As a measure of inflation, the CPI statistics communicate increases or decreases in the prices of goods and services in the economy. It forms a basis for policy decisions by the government that aid in the prevention of reduced purchasing power of the dollar. CPI is all about changes in prices and nothing to do with the production of goods and services.

5 0

3 years ago

The Hot Dog Shack wants to raise $1.2 million by selling some coupon bonds at par. Comparable bonds in the market have a 6.5 per

Bad White [126]

Answer:

6.75%

Explanation:

In this question, we use the Rate formula which is shown in the spreadsheet.

The NPER represents the time period.

Given that,

This is correct Present value = $976.87

Assuming figure - Future value or Face value = $1,000

PMT = 1,000 × 6.5% = $65

NPER = 15 years

The formula is shown below:

= Rate(NPER,PMT,-PV,FV,type)

The present value come in negative

So, after solving this, the answer would be 6.75%

7 0

3 years ago

Libra Electronics specializes in manufacturing computers and computer accessories. As a means to expand business operations, the

iragen [17]

Answer:

The correct answer is letter "E": strategic plan.

Explanation:

The strategic plan of a company is a managerial tool that allows companies to establish what to do and the path that it has to walk to reach its set objectives considering the changes in demand of its surrounding environment. In such a way, it is a critical key for decision-making within any entity.

The strategic planning provides a real frame for managers and stakeholders so they can understand and evaluate the current situation of the company moreover when the firm is struggling or pursuing exploring new markets.

5 0

3 years ago

The Conways received close to $40 million from the sale. However, shortly after the sale, the Conways regretted signing the non-

Lyrx [107]

Answer:

Incorrect

Explanation:

The Bard company has paid millions of dollar of consideration and requires that the Philip Conway Inc. would transfer the ownership of the RM Corporation to Bard. The court dismissed the case and said that the subsidiary is the property of Bard now because their was a flow of consideration from the part of Bard.

6 0

3 years ago

Use the following selected date and additional information from the records of Hitchcock Corporation to answer the question that

yawa3891 [41]

Answer:

$35,000

Explanation:

Requirement: Prepare the Operating Activities section of the Statement of Cash Flows for the year ended 2004. Use the INDIRECT Method

Cash from Operating Activities

Particulars Amount$

Net income 6000

Add: Depreciation expense 50000

Operating Cash Flow before 56000

Change in Working Capital

Add:

Decrease in inventory 3000

Increase in incomes taxes payable 7000 10000

Less:

Increase in accounts receivable 10000

Increase in prepaid Rent 8000

Decrease in accounts payable 7000

Decrease in salaries payable 6000 -31000

Cash from Operating Activities $35000

5 0

3 years ago