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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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Answer:

You should make sure you are putting money into it every week, month, or year.

Explanation:

You must make sure you have enough money in the account so if you have some kind of an injury, or you want to buy something that costs lots of money such as a car, or a house, you want to make sure enough money is going into that account.

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3 years ago
lanier company manufactures expensive watch cases sold as souvenirs. three of itssales departments are retail sales, wh
Nataly [62]

Mary Gammel's responsibility in the firm is to monitor the results of profit center because it is the key driver of the total results of the company.

<h3>What is Mary Gammel position?</h3>

She is a manager in the retail sales department which is a profit center in the firm because it is saddles with role of supervising the team of sales representatives who works with customers.

Hence, Mary Gammel's role is to monitor the results of profit center because it is the key driver of the total results of the company.

Missing words "<em>Mary Gammel is a manager in the Retail Sales Department. Determine what should be included in the responsibility report of the manager</em>"

Read more about retail sales department

<em>brainly.com/question/930797</em>

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3 0
2 years ago
What is one way we know about what accounting in the ancient world was like?
Degger [83]

Answer:

b

Explanation:

7 0
2 years ago
Read 2 more answers
A small metal shop operates 10 hours each day, producing 100 parts/hour. If productivity were increased 20%, how many hours woul
ipn [44]

Answer:

The plant would have to work 8.33 hours

Explanation:

Initial productivity:

100 parts were produced in 1 hour

Percentage increase in productivity = 20%

New productivity:

100 + (100 × 0.2) = 100 + 20 = 120

120 parts would be produced in 1 hour

Number of hours the plant would have to work to produce 1000 parts = 1000/120 = 8.33 hours

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What is unlimited liability?
Vladimir [108]
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