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kondor19780726 [428]
3 years ago
5

​The government is looking to double the living standards of its population in 18 years, what rate of GDP growth would it need t

o achieve that? Group of answer choices
Business
1 answer:
Anna [14]3 years ago
7 0

Answer:

4%

Explanation:

The rule of 72 is used to calculate the number of years it takes for GDP to double

72 / growth rate =  number of years

18 = 72 / growth rate

growth rate = 72 / 18 = 4%

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Assume real per capita GDP in West Swimsuit is $10,000 while in East Quippanova it is $2,500. The annual growth rate in West Swi
Alex787 [66]

Answer:

correct option is B. about 30 years

Explanation:

given data

real per capita GDP west = $10,000

annual growth rate = 2.33%

real per capita GDP east = $2,500

annual growth rate = 7%

to find out

How many years will it take for East  to catch up GDP of West

solution

we know here that future value is equal to real GDP of west after time  will be

future value = real per capita GDP west × rate^{t}

future value = 10000 × (1+0.0233)^{t} .....1

and

future value = real per capita GDP east × rate^{t}

future value = 2500 × (1+0.07)^{t} .....2

compare equation 1 and 2

10000 × (1+0.0233)^{t}  = 2500 × (1+0.07)^{t}

4 (1.0233)^{t}  =  (1.07)^{t}

t = about 30 years

so correct option is B. about 30 years

5 0
3 years ago
Which economic activity is part of a government's fiscal policy?
blagie [28]

Answer:

D. Spending tax revenues

Explanation:

Fiscal policies are the actions of the executive wing of the government to alter its spending and taxation strategies to achieve macroeconomic objectives. Fiscal policies are the activities of adjusting government spending and taxation in the economy.  

The government receives data on the state of the economy from various agencies.  The government adjusts its spending and taxes to influence the level of economic activities to achieve steady growth and stable prices.

5 0
3 years ago
Read 2 more answers
Jason is an author who works for a variety of publishing companies. One of them recently informed him that they will no longer b
IrinaVladis [17]

Answer:

Problem focused

Explanation:

A stressor is factor the causes strain or tension for the individual that is experiencing it.

There are different strategies that is used to solve stressful situations: avoidance, emotion-focused, problem-focused, withdrawal.

The problem focused strategy involves efforts aimed at removing or reducing the cause of a stressor.

In the given scenario Jason has financial hardship that results from less need from his services.

He focused on the solving the cause of the problem by contacting the other publishers and accepting additional projects to compensate for the lost income.

4 0
3 years ago
Colby runs a start-up that sells seasonal holiday packages. He leads a team of 10 people. Every time his customers are happy wit
Westkost [7]

Answer:

bureaucratic control

Explanation:

Bureaucratic control is a management style that tries to control the behavior and performance of the employees through reward or price mechanisms.

In order to achieve its purpose, bureaucratic style managers use a system of standardized rules, processes and verification procedures.

3 0
4 years ago
It is important to manage customer relationships because customers provide a great deal of value to the company if they remain c
qwelly [4]

Answer:

Customer lifetime value predicts how much profit is associated with a customer during the course of their lifetime relationship with a company.

Explanation:

It is important to manage customer relationships because customers provide a great deal of value to the company if they remain customers for many years.

Customer lifetime value is greater for companies who have loyal customers as compared to customers who are one time only. They add less value to the company as customers are also a source of promotion for the company.

7 0
3 years ago
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