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3 years ago

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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Economic growth depends on many factors. mark the three KEY elements that have been shown to be important listed

Eva8 [605]

Answer:

is d

Explanation:

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3 years ago

The salary for an occupation is determined by the federal government <br> True or false?

strojnjashka [21]

Answer:

No the given statement is not correct.

Explanation:

Federal Government does not determine the pay structure for any occupation. Each occupation determine its own salary structure. For example, the doctors would determine their own fee that they would charge to the patients, schools will determine their fee that they would charge from students, lawyers determine their own fee, and the examples are countless. Government sometimes only sets the minimum level of wage that must be paid to a worker. For example government can put a base at 10 dollars wage rate that has to be given to the worker working for you. So you must give the worker at least $10, but you can give him $15 or $20, as much as you like and as much as he charges you, but you can't give him less than 10 dollars

6 0

3 years ago

Read 2 more answers

Christmas Timber, Inc., produces Christmas trees. The trees are produced through a cutting and pruning process. Machine maintena

seropon [69]

Answer:

Cutting = $62,020

Pruning = $16,280

Explanation:

<em>The direct method does not consider the impact of reciprocal servicing arrangement when allocating the overhead of service centers and only allocates overhead to the production cost centers only.</em>

Allocation of Overhead

Janitorial overhead

Cutting = 6/(6+54)× $5,000 = $500

Pruning =54/(6+54) × $5,000= $4,500

Maintenance overhead

Cutting = 9/(9+1)× $7,800 = $7020

Pruning =1/(9+1) × $7,800= $780

Total cost of production department

Cutting = 54,500 + 500 + 7020= 62,020

Pruning department = 11,000 + 4,500 + 780 = 16,280

Cutting = $62,020

Pruning = $16,280

7 0

3 years ago

Over the past five years, Teen Clothing stock produced returns of 18.7, 5.8, 7.9, 10.8, and 11.6 percent,respectively. For the s

Alexandra [31]

Answer:

The correct answer is C. 7.22 percent

Explanation:

To find the arithmetic risk premium for the 5 year period, the formula is

Average risk premium for the period = Sum of risk premium for each year / number of years = ∑ra(i) - rf(i) / n

ra = asset or investment return / 100

rf = risk free return / 100

Where i represents each year.

Sum of risk premium for each year = (0.187 - 0.052) + (0.058 - 0.034) + (0.079 - 0.028) + (0.108 - 0.034) + (0.116 - 0.039) = 0.361

Average risk premium = 0.361 / 5 = 0.0722 = 7.22 / 100 = 7.22 percent

8 0

3 years ago

Here are the comparative income statements of Ivanhoe Corporation. IVANHOE CORPORATION Comparative Income Statement For the Year

AlekseyPX

Answer:

2022 2021 Change % Change

Net sales 624,100 523,300 100,800 19.23%

Cost of goods sold 462,100 405,800 56,300 13.87%

Gross profit 162,000 117,500 44,500 37.87%

Operating exp. 72,300 44,300 28,000 63.21%

Net Income 89,700 73,200 16,500 22.54%

Since we are using the 2021 income statement as base year, any change will be calculated by dividing the total change by the 2021 amount, and then multiply by 100 to get the %.

7 0

3 years ago