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gogolik [260]
3 years ago
11

If the annual growth rate in Real GDP is 4 percent, then it will take 25 years for the economy to double in size.

Business
1 answer:
AVprozaik [17]3 years ago
5 0

Answer:

False

Explanation:

The growth of 4% for 25 years would nominally signify a 100% increase and you might think that the economy has double its size. But you must take into account that’s this is a compound growth then the economy would reach the double of its size before 25 years.  

Think that he initial size of the economy is 10 and it grows 4% then an annual growth will be 10,4 now the compound grow is adding up 0,4 to the initial size of 10. Then you recalculate a growth of 4% for the second year this means 10.816 grow.  

If you notice the extra 0.016 increase for the second year is the effect of calculating the 4% increase based on the previous size 10 plus 0.4.

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A licensed _______________ must display his or her license conspicuously in the principal place of business at all times.
creativ13 [48]

Answer:

Broker

Explanation:

A licensed broker must dispaly his or her name boldly in their primary place of business at all times becasue it helps to identify a broker quickly as well as has gives confidence to customers to transact business with them.

Cheers.

3 0
2 years ago
Firms require capital to invest in productive opportunities. The best firms with the most profitable opportunities can attract c
Arturiano [62]

Answer:

Interest rate

Explanation:

Firms require capital to invest in productive opportunities. The best firms with the most profitable opportunities can attract capital away from inefficient firms with less profitable opportunities. Investors supply firms with capital at a cost called the <u>Interest rate</u>. The interest rate that investors require is determined by several factors, including the availability of production opportunities, the time preference for current consumption, risk, and inflation.

7 0
3 years ago
Sam works as a tax preparer for a local accounting office. What kind of education
Julli [10]
Bachelor degree in accounting. it makes the most sense
6 0
3 years ago
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Write down any four techniques that you can practice to become an effective listener.
klemol [59]
For techniques that you can practice to become an efficient listener or listening with all ears paying attention giving feedback and observing your anatomy is of listening.
8 0
2 years ago
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A local pizzeria hires college students to make pizza, wait on tables, take phone orders, and deliver pizzas. For each situation
Colt1911 [192]

The demand for pizza increases because In this task, we need to explain whether the demand for student employees would increase, decrease or remain constant in different scenarios.

Demand for labor is the total demand for working hours (workers) that is derived from the demand of a firm's total output.

Cost of employees increases because the minimum wage rises

Therefore, when the minimum wage for student employees increases, the marginal cost of labor increases.

<u>Therefore, the </u><u>demand </u><u>for student employees would decrease.</u>

<h3>what is Demand ?</h3>
  • Demand refers to the consumer's desire to purchase a particular product or service.
  • Market demand is the demand for a particular good in the market.
  • Aggregate demand refers to the overall demand for goods and services in any economy.
  • The matching of supply and demand determines the price of goods or services, Understanding the concept of demand.
  • Demand is an economic concept that refers to consumers' desire to purchase goods and services and their willingness to pay a particular price for them.
  • The Law of Demand is an economic principle that  consumer demand for a commodity increases when prices fall and decreases when prices rise.
  • The law of demand comes into play during Black Friday sales, when consumers rush to buy products at deep discounts.

to learn more about Demand  from the given link :

brainly.com/question/14456267

#SPJ4

4 0
1 year ago
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