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
Lera25 [3.4K]
2 years ago
15

Consider an imaginary economy that has been growing at a rate of 6% per year. Government economists have proposed a number of po

licies to increase the growth rate but first need to convince the president that the policies will pay off. To do so, they want to present a comparison of the number of years it will take for the economy to double, depending on the growth rate.
Using the rule of 70, determine the number of years it will take the economy to double at each growth rate.Growth rate(Percent Years Required to Double(nearest whole number of years)4 5 6
Business
1 answer:
Natasha2012 [34]2 years ago
8 0

Answer:

11.67 years

Explanation:

The rule of 70 requires that in determining when the economy growth rate will double its current growth rate, the appropriate thing to do is divide 70 by the current growth rate of 6% per year.

The economy's growth rate of 6%  has its percentage ignored when the calculation is carried out.

=70/6= 11.67  

The current economy's growth rate would double in 11.67 years' time

You might be interested in
Sinh viên hãy chứng minh rằng “Việc triển khai thực hiện mục tiêu chiến lược dài hạn về doanh thu của ABC đến năm 2025” có liên
ra1l [238]

Answer:

jh

Explanation:

3 0
2 years ago
In the far off kingdom of Viracien there is a healthy sized population of citizens over 16 years old. The last census indicated
Anarel [89]

Answer:

6.5%

Explanation:

Number of people unemployed = 237,000

Labor force = 5 million - 1.3 million - 50,000

Labor force = 3.65 million

Unemployment rate = Number of people unemployed/Labor force*100

Unemployment rate = 237,000/3.65 million*100

Unemployment rate = 6.4931501%

Unemployment rate = 6.5%

8 0
2 years ago
The two primary factors affecting an​ entrepreneur's choice of legal ownership for a venture are​ ________ and​ ________.
77julia77 [94]
The two primary factors affecting an entrepreneur choice of legal ownership for a venture are TAXES AND LEGAL LIABILITY.
The type of business that an entrepreneur establish will determine the type and the amount of tax that it will be required to pay. The legal liability of the entrepreneur determines the extent to which he can be liable in case he finds himself in a financial mess. The entrepreneur should try and minimize the impacts of these two factors.
5 0
3 years ago
At the beginning of the current period, Griffey Corp. had balances in Accounts Receivable of $239,000 and in Allowance for Doubt
denis-greek [22]
It’s c hopefully this helps
3 0
3 years ago
What type of promotion takes place at trade shows?
ira [324]

B. Personal Selling

A trade show is an event where members of a particular industry or group come together and view displays and booths from various companies with their products and services. The company reps are involved in personal selling to the trade show attendees.

4 0
3 years ago
Read 2 more answers
Other questions:
  • The first step in establishing training and development programs is to:
    15·1 answer
  • Beginning inventory, purchases, and sales data for dvd players are as follows: november 1 inventory 120 units at $39 10 sale 90
    9·2 answers
  • Lee sun's has sales of $3,650, total assets of $3,350, and a profit margin of 5 percent. the firm has a total debt ratio of 41 p
    10·1 answer
  • McKeel Publishing had outstanding checks totaling $5,540 on its June bank reconciliation. In July, McKeel issued checks totaling
    12·1 answer
  • Midyear on July 31st, the Baldwin Corporation's balance sheet reported: Total Liabilities of $101.255 million Cash of $8.040 mil
    13·1 answer
  • 2. Roth retirement funds require you to pay taxes on your investment dollars up-front, while
    10·1 answer
  • What is an apprenticeship and what does it involve?
    6·1 answer
  • Drag each example to the corresponding step in the new-product development process.
    10·1 answer
  • The alcoholic beverages in a private club are:
    8·1 answer
  • James is the new manager of operations at Springfield Motors. To his dismay, he finds the employees coming in late to work, taki
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!