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
s2008m [1.1K]
2 years ago
13

The IMF projects that​ China's real GDP per person will be​ 57,163 yuan in 2017 and​ 60,334 yuan in 2018 and that​ India's real

GDP per person will be​ 98,028 rupees in 2017 and​ 104,191 rupees in 2018. By maintaining their current growth​ rates, which country will be first to double its standard of living and when will that​ happen? By maintaining their current growth​ rates, _______ will be the first to double its standard of​ living, and that will occur in​ _______.
Business
1 answer:
erica [24]2 years ago
5 0

Answer: India / 11.1years

Explanation:

Per capita income (PCI) or average income measures or calculate the average income earned per person in a given place (country,city, region etc.) in a particular year. It can be calculated by dividing the area's total income or wealth by its total number of population.

India's GDP will increase or double than that of China's, because is has a larger income than that of China.

You might be interested in
"Which statements are TRUE about IO tranches? I When interest rates rise, the price of the tranche falls II When interest rates
horrorfan [7]

The available options are:

A. I and III

B. I and IV

C. II and III

D. II and IV

Answer:

C. II and III

Explanation:

IO tranche which is an acronym for Interest Only tranche is defined as a form of tranche which earns interest only from a secured loan which is derived from Principal Only tranche.

However, Interest Only tranche is quite different from a typical bond, simply because when market interest rate increases the rate of prepayment decreases, which in turn makes the rate of maturity to be longer. Thereby when interest rates increase, prices increase, and vice versa.

Hence the true statements are:

II When interest rates rise, the price of the tranche rises

III When interest rates fall, the price of the tranche falls

5 0
2 years ago
Andrew is offered a job in Little Rock, where the CPI is 80, and a job in New York, where the CPI is 125. Andrew's job offer in
RSB [31]

Answer:

The job in New York should offer $65,625.

Explanation:

Andrew is offered a job in Little Rock, where the CPI is 80, and a job in New York, where the CPI is 125.  

Andrew's job offer in Little Rock is $42,000.  

To represent the same purchasing power salary in New York should be

= \frac{CPI\ in\ New\ York}{CPI\ in\ Little\ Rock}\ \times\ Salary\ in\ Little\ Rock

= \frac{125}{80}\ \times\ \$ 42,000

= $65,625

7 0
3 years ago
How often should a financial checkup be completed
ryzh [129]

Answer:

a financial checkup should be completed annually.

7 0
2 years ago
Fiscal policy refers toa.changes in the interest rate.b.changes in the money supply.c.changes in the amount of physical capital
myrzilka [38]

the answer is d. discretionary changes in government spending and taxes

5 0
3 years ago
High Country, Inc., produces and sells many recreational products. The company has just opened a new plant to produce a folding
alexandr1967 [171]
The person above me is right
7 0
3 years ago
Read 2 more answers
Other questions:
  • Candice tells Yuri that she wants to hear his ideas about the Q4 Finance Report, and Yuri says that they should compare it to la
    13·1 answer
  • What is the difference between an employee and applicant?
    10·1 answer
  • 1. Regarding general guidelines for the preparation of successful soups, which of the following statements is true?
    6·2 answers
  • On July 1, 2020, Crocus obtained a $90 million construction loan with a 6% interest rate. The loan was outstanding through the e
    11·1 answer
  • A speaker seeking to express the events leading to higher interest rates should choose which pattern of organization?
    11·1 answer
  • A company can deem an employee as salaried
    7·1 answer
  • Market segments are Multiple Choice all buyers of a product or service who have previously purchased a particular firm's product
    6·1 answer
  • Which of the following tools is an example of monetary policy?
    8·2 answers
  • Dmitri recently lost his job as a waiter at a local restaurant. A recent increase in the minimum wage keeps local employers from
    8·1 answer
  • The dividend yield is: multiple choice annual cash dividends per share divided by market value per share. annual cash dividends
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!