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WINSTONCH [101]
3 years ago
9

Suppose a panel of economists is predicting that a nation's real GDP per capita will double in approximately 10 years. Based upo

n the Rule of 70, what must be the predicted annual growth rate of real GDP per capita?
Business
1 answer:
Semenov [28]3 years ago
7 0

Answer:

The answer is: 7% annual growth rate

Explanation:

The Rule of 70 is a way to determine how many years it will take an economy to double its GDP (or GDP per capita) with a given annual growth rate.

The formula used by the Rule of 70 is:

number of years                    =        <u>                      70                       </u>

to double an economy                  annual percentage growth rate

In this exercise we substitute the known variables and calculate:

             10 years  =  70 /  (annual growth rate)

             annual growth rate = 70 / 10 = 7%

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The Income Statement is also known as the company's financial condition at a specific point in time. A : True B : False
sukhopar [10]

Answer:

A : True

Explanation:

  • The income statement is also called as a profit and a loss statement and is called a revenue statement and is transformed into the net income and the net profits and is to show the managers and the investor whether the company is making a profit and represent over a period of time.
3 0
3 years ago
Alex's country was once communist, but now allows limited private ownership of companies, and lets market forces determine produ
ioda

Alex's country was once communist, but now allows limited private ownership of companies, and lets market forces determine production and pricing decision is the kind of 'Market Socialist' economy.

Market socialism, sometimes known as liberal socialism, is an economic system that strikes a balance between free enterprise and socialist planning. In this system, businesses are publicly owned, but output and consumption are determined by the market rather than by governmental planning.

In real life, Market socialism components have been present in a number of different economies. A version of market-based socialism, based on socially owned cooperatives, workers' self-management, and market allocation of capital, is usually regarded as having existed in the former Socialist Federal Republic of Yugoslavia.

To learn more about Communist

brainly.com/question/14018486

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8 0
1 year ago
What's the future value of an investment of $1 a year for each of 4 years, at the end of the last year? Suppose the interest rat
Wewaii [24]

Answer:

4.51

Explanation:

We have to calculate fva. The future value of annuity

Here is the formula

Fva = A [( + I)^n-1/I]

Where a = annuity

I = interest rate

N = number of years

Inserting into formula

1[(1+0.08)^4 - 1/0.08]

= 1[(1.36049 - 1)/0.08]

= 4.51

Therefore the future investment is $4.51

3 0
3 years ago
Which option is an example of labor as a factor of production?
dolphi86 [110]

Answer:A

Explanation:

8 0
2 years ago
Read 2 more answers
Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of busin
lutik1710 [3]

Answer:

c.$209,160

Explanation:

Given that the cash received from each sale will be collected over 2 months. If 30% of mechanize is to be sold for cash, then 70% will be sold on account. Further more, 80% of the credit/sale on account will be collected in the month of sale and 20% in the following month.

Hence for October, cash collection will include 20% of credit sale from September and 80% of the credit sale in the month.

Given that sales in September is $250,000

Amount expected to sold on account

= $250,000 - (30% × $250,000)

= $175,000

Amount expected to be collected from this sale in October

= 20% × $175,000

= $35,000

Amount of credit sale in October

= $311,000 - (30% × $311,000)

= $217,700

Amount of this credit sale to be collected  in October

= 80% × $217,700

= $174,160

Total collected from accounts receivable in October

= $174,160 + $35,000

= $209,160

6 0
2 years ago
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