The president of a company creates a graph of the price of the company’s stock over one year. He describes the graph as follows:
• The price of the stock rose to about $17 before falling to about $3. • There have only been two periods during which the price of the stock decreased. • The price of the stock is expected to increase in the long run. Which graph correctly shows the price of the stock?
2 answers:
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Answer:
D. It will increase by 1%.
Step-by-step explanation:
Given
--- initial rate
--- final rate
Required
The effect on the GDP
To calculate this, we make use of:
This gives:
<em>This implies that the GDP will increase by 1%</em>