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Dmitry [639]
3 years ago
6

According to the rule of 72, if the GDP of the Apex Federation is growing at 1.7% per year, its economy will double in approxima

tely how many years?
A. 41 years
B. 17 years
C. 42 years
D. 114 years
Business
1 answer:
ahrayia [7]3 years ago
7 0

Answer:

C. 42 years

Explanation:

Rule 72 is used in finance and economics to estimate the number of years it will take for a given capital value to be doubled, given a given annual interest rate. In the case of GDP, the interest rate is replaced by the growth rate of the economy.

The formula for this rule consists of dividing 72 by the growth rate of the economy. The result will be the number of years for the capital value to double.

72 / growth rate = years to double

If the GDP growth rate is 1.7%, we have:

72 / 1.7 = 42.3 years

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The new-product process stage of market testing involves which two items? Multiple select question. using realistic purchase con
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But it does not involve the allowance for uncollectible accounts  as it is not shown in the cash budget because it is shown under the debtors side with the negative amount of the balance sheet

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Assets

Current Assets

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