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soldi70 [24.7K]
3 years ago
8

eal per capita GDP in Singapore in 1961 was about $450, but it doubled to about $900.00 by 1978. a. What was the average annual

economic growth rate in Singapore over the 17.00 years from 1961 to 1978
Business
1 answer:
Rus_ich [418]3 years ago
3 0

Answer:

The answer is 4.16%

Explanation:

Per capita GDP is the average income earned per person in a given country during a given period of time usually a year.

Per capita GDP in Singapore in 1961 equals $450

Per capita GDP in Singapore in 1978 equals $900

Difference between 1978 and 1961 is 17 years.

The formula for economic growth rate is;

[(End value/beginning value)^1)/17] - 1

[($900/$450)^1/17] - 1

1.041613 - 1

0.0416

Expressed as a percentage:

4.16%

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In the Solow model, in the absence of any shock, the capital stock remains at some level forever. This rest point is called the
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Answer:

Steady state

Explanation:

This rest point is called the steady state. At this state investment is equal to depreciation. In solow growth model, an economy in steady state is of a stable size or fluctuates just a little.

Output, population, capital stock, saving, investment, and technical progress, all grow at a constant rate or are constant. An economy gets to a steady state after a period of growth or after a downsizing period.

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3 years ago
Like other limited liability companies, for federal jurisdictional purposes, Rodeo Productions LLC is most likely a citizen of
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There are different kinds of company that exist.

This is most likely a citizen of every state of which its members are citizens.

  • Limited liability company is often set up as a form of legal protection for shareholders and owners that hinders people from being held personally responsible for their company's debts or financial losses.

In some business structures, such as corporations and limited companies, firms are registered as a seperate legal bodies. States were members are citizen connote that evey shareholders are from one locality.

Learn more about Limited liability from

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7 0
2 years ago
The December 31, 2015, balance sheet of Maria’s Tennis Shop, Inc., showed current assets of $1,105 and current liabilities of $9
IrinaK [193]

Answer:

$165

Explanation:

The working capital of organization is the difference between the current assets and the current liabilities of the organization. It shows if a company has enough short term assets or asset that can be converted quickly to cash to settle obligations that will arise in the short term.

Working capital as at December 31, 2015

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Working capital as at December 31, 2016

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Change in working capital in 2016

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3 years ago
Because supply curves slope upward, this supports the law of supply that as prices __________, more goods will be supplied.
antoniya [11.8K]

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This means that when price increase let's say the price of a good moves from $5 to $7, the suppliers will supply more due to the price increase.

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3 years ago
Trevor's boss told him that he would now also be responsible for answering the phones and filing correspondence in addition to t
konstantin123 [22]

The responsibility for answering the phones and filing correspondence in addition to the tasks is an example of extension.

<h3>What is an extension?</h3>
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  • Task switching is a sort of multitasking that involves switching between several abilities, tasks, or cognitive sets.
  • Multitasking is the practice of dividing one's attention among several skills, tasks, or cognitive sets.
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7 0
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