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
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%

You might be interested in
Coccia Co. wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 8 percent coupon
Gre4nikov [31]

Answer:

7.28%

Explanation:

For this question we use the RATE formula that is shown in the attachment below:

Provided that

Present value = $1,075

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

PMT = 1,000 × 8% ÷ 2 = $40

NPER = 20 years × 2 = 40 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this, the coupon rate is

= 3.64% × 2

= 7.28%

6 0
3 years ago
When it comes to brochures and especially slides, Orange Photography would agree with the chapter that subtle details, such as _
bezimeni [28]

e) consistent color selections; multiple fonts

8 0
3 years ago
Link between economic wants and preferences
mamaluj [8]
Economic wants are the products and goods that people need and want; if they had unlimited purchasing power, they would want to obtain all of them.

In contrast economic preferences are compared to something, so while you might prefer one thing to another, you might not necessarily need it, or you might even need and want both of them!
7 0
3 years ago
The following is the data for Lauren Enterprises:
vovangra [49]

Answer:

b. $965,000

Explanation:

Calculation of Cost of Goods Manufactured

Particulars                                      Amount

Direct material used                     $265,000

Direct labor                                   $300,000

Factory overhead                         <u>$400,000</u>

Total manufacturing cost           <u>$965,000</u>

8 0
3 years ago
Skip Company produces a product called Lem. The standard direct material cost to produce one unit of Lem is four quarts of raw m
Lady bird [3.3K]

Answer:

TD Bank of America joined the coded by the

5 0
2 years ago
Other questions:
  •   Kameela says that a good choice of wine to pair with cheese is a Zinfandel. Annette says that a better choice to pair with che
    11·2 answers
  • The following data are taken from the income statement and balance sheet of Freeman Machinery, Inc. Dec. 31, 2018 Jan. 1, 2018 I
    7·1 answer
  • All of the following statements are true of the soup industry EXCEPT: Select one: a. There is high growth in "convenience" soup
    6·1 answer
  • Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and comp
    13·1 answer
  • describe a career you would like to have, and explain how you could get started and then advance in that career.
    6·2 answers
  • The following transactions are for Crane Company. 1. On December 3, Crane Company sold $513, 500 of merchandise to Sheridan Co.,
    14·1 answer
  • Please answer asap NO LINK PLS
    13·1 answer
  • Ridge, Inc. follows IFRS for its external financial reporting, and Cannon Company follows GAAP for its external financial report
    12·1 answer
  • Carey Company had sales in 2016 of $1,560,000 on 60,000 units. Variable costs totaled $900,000, and fixed costs totaled $500,000
    12·1 answer
  • Jake owns a water pump. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bot
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!