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finlep [7]
3 years ago
11

If the population growth rate is 2​ percent, real GDP per person will double in 7 years if real GDP grows by​ ______ percent per

year.
Business
1 answer:
Valentin [98]3 years ago
6 0

Answer:

With a population growth of 2%, the GDP has to grow 12.6% per year in order to real GDP per person double in 7 years.

Explanation:

It is necessary to state the formula to calculate the GDP growth per person in 7 years and some assumptions. Defining as base of population and GDP the number 100 (aleatory picked) we can write our equation: GDP per person in year 7 = 100(1+x)^7/100(1+0.02)^7=2 In this equation X is the fixed percentage of GDP growth. By iteration process, we get that X=12.6%

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yulyashka [42]

Answer:

B)tie-in sales.

Explanation:

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3 0
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Suppose the following bond quotes for IOU Corporation appear in the financial page of today’s newspaper. Assume the bond has sem
wlad13 [49]

Answer:

a. 4.89%

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= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

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