Answer:
18 years
Explanation:
Given that;
P= $23,000
A= $76,300
r= 6.7%
From
A = P(1 + r/100)^n
76,300 = 23,000 (1 + 0.067)^n
3.3 = (1.067)^n
Taking logarithm of both sides
log 3.3 = log (1.067)^n
log 3.3 = nlog(1.067)
n= log 3.3/log 1.067
n= 0.5185/0.0282
n= 18 years ( to the nearest year)
Answer:
The correct answer is option c.
Explanation:
Forlornistan is experiencing an economic downturn, the GDP has steadily declined, the employment rate is very low and the CPI is falling.
All these characteristics show that the economy is going through economic depression.
Depression refers to the situation in which an economy suffers a downturn in economic activities. It involves decrease in output level, price and employment rate.
Answer: See explanation
Explanation:
Based on the information provided in the question, the deficit in the 3rd year of college will be: = $32,150
The total debt that one owes in the 3rf year will then be the addition of the debts from the 1st to the 3rd year and this will be:
= $31,300 + $31,900 + $32,150
= $63,232
<span>A rapid increase in the money supply may lead to a "Deflation"
Hope this helps!
</span>
Answer:
1. Greece, Germany
2. 2.2 barrels of oil, 0.45 pairs of shoes
3. d. 10 barrels of oil per pair of shoes
Explanation:
a) Data and Calculations:
To produce a pair of shoes costs Greece 5 barrels of oil
To produce a pair of shoes costs Germany 11 barrels of oil
b) This means that it costs Germany more than Greece to produce a pair of shoes, and Germany produces a lot of oil to the extent that she is willing to exchange her 11 barrels of oil for a pair of shoes while Greece can only exchange 5 barrels of oil for a pair of shoes.
