1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sveticcg [70]
2 years ago
7

. Suppose, the world’s average (mean) GDP per capita is $9,133 in 2014. If there are roughly 6 billion people in the world, then

: a. What is the world’s total GDP? b. If about 20 percent of the world’s population produces 50 percent of the world’s total GDP. How much GDP does the top 20 percent produce? c. What is the average GDP per capita of the most productive 20 percent of the world’s population? (Hint: 20% of 6 billion people equals how many people?) 4. Practice with the rule of 70: If you inherit $10,000 this year and you invest your money so that it grows 7% per year, how many years will it take for your investment to be worth $20,000? $40,000? $160,000?
Business
1 answer:
Naily [24]2 years ago
5 0

Answer:

  • What is the world’s total GDP?  

$54,798,000,000,000  

  • How much GDP does the top 20 percent produce?

$27,399,000,000,000  

  • c. What is the average GDP per capita of the most productive 20 percent of the world’s population?  

People 20%  1,200,000,000  

GDP/Per Capita $22,833

  • 4. Practice with the rule of 70: If you inherit $10,000 this year and you invest your money so that it grows 7% per year, how many years will it take for your investment to be worth $20,000? $40,000? $160,000?

$20,000   10 Years

$40,000   20 Years  

$160,000  41 Years

Explanation:

The total world GDP is calculated by multiplying the GDP/per capita by the total number of people in the world.

GDP/Per Capita $9,133

People  6,000,000,000  

What is the world’s total GDP?  

$54,798,000,000,000  

We know that 20% of the world's population produces 50% of total GDP, to calculate how much it is, we have to divide the total GDP by 2, and that is the total production of 20% of the population.

$27.399.000.000.000  

As we know how much the 50% of GDP is, we need to know now how much 20% of population is, and then we divide 50% of GDP by the 20% of the population to have the GDP/ per capita of the top 20%.

People 20%  1.200.000.000  

GDP/Per Capita $22.833

Applying the 70's rule, we can find how much time we have to invest the money to get the result we want.

Investment    Future Value       Years        Objective

$10,000   $19,672            10      $20,000  

To get $20,000 from $10,000 the rule of 70 indicates we need 10 years, 70/7 = 10 Years.

$10,000   $38,697           20    $40,000  

To get $40,000 from $10,000 the rule of 70 indicates we need 20 years, 70/7*2 = 20 Years.

$10,000   $160,227         41      $160,000

To get $160,000 from $10,000 the rule of 70 indicates we need 41 years, 70/7*4+1 = 41 Years.

You might be interested in
The Executive Director of Operations has assigned Joe Tanney the role of Team Leader for a high priority project. The task is to
svetlana [45]

Answer: Dysfunctional conflict

Explanation:

This is a team conflicts that have negative consequences on the firm.

The conflict is not multicultural because their cultures doe have an impact on the conflict results, it's equally not functional because it's not bringing in a positive results, Both gender and intergroup do not also have an effect on the conflict.

5 0
3 years ago
Fisher Inc. wants to bring radical change to the current skills that exist in the organization, so they are going to employ ____
dalvyx [7]

Fisher Inc. wants to bring about a radical change to the current skills that exist in the organization, so they will employ internal growth strategies.

<h3 /><h3>Change management</h3>

It is an approach that should be used when an organization decides to implement significant changes that will impact administrative routines and the work of employees.

The purpose of change management is to prepare and support employees to adapt to changes that will occur in the work environment, generating greater transparency, compliance and reducing resistance.

Therefore, it is essential that when defining internal growth strategies that generate changes, the organization analyzes, monitors and evaluates the changes so that the new processes occur successfully and generate benefits for the company.

Find out more information about growth strategies here:

brainly.com/question/15115779

4 0
2 years ago
Sandra, George, Jose, and Antwan are working on a project for a customer that is aimed at cutting the client's utility costs. Th
Maksim231197 [3]

Answer:

Virtual organization

Explanation:

A virtual organization or the business is the one which is defined as whose members are apart geographically, generally working through computer e- mail as well as groupware when appearing to others which is to be unified, single company with the real location physically.

In short, it is the permanent or temporary collection of the geographically dispersed groups, company, entire or individual units which ground on the electronic linking so that to complete the process of production.

So, in this case, the workgroup working on e-mail, phone and collaborative computing in order to complete the project. Therefore, it is an example of virtual organization or company.

5 0
2 years ago
Creme Bakery just paid an annual dividend of $2.20 a share and is expected to increase that amount by 2.2 percent per year. If y
alekssr [168]

Answer:

$19.47

Explanation:

The computation of the price paid for share is shown below:

= Year second dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend is

= $2.20 + $2.20 × 2.2%

= $2.20 + $0.0484

= $2.2484

In the year 2 , it is

= $2.2484 × 1.022

= $2.2978648

And, the required rate of return is 14%

Plus the growth rate is 2.2%

So, the price paid for the share is

= ( $2.2978648) ÷ (14% - 2.2%)

= $19.47

7 0
3 years ago
Write down the steps which are included in the planning phase of the data analysis process?
zysi [14]

Answer:

Step 1: Knowing and Defining your questions:

Step 2: Measurement

Step 3: Data Collection

Step 4: Analyzing the Data:

Step 5: Interpreting the results

Explanation:

Data Science is no doubt the most necessary science today. Every company, business or government need lots of data to make their decision making efficient and accurate.

For efficient decision making, data analysis is the key tool to utilize.

Data Analysis is basically the converting millions of billions of raw data into something useful out of it in terms of decision making of anything.

Data Analysis has 5 simple steps to follow, which are discussed below one by one.

Step 1: Knowing and Defining your questions:

Knowing right questions is the first and most critical steps in the data analysis process. Wrong questions will lead to wrong decisions. Therefore, make clear, concise and problem oriented questions.

For example: Our company is experiencing a downfall in revenues, can we afford to cut down the manpower?

Step 2: Measurement

For this step to complete, you must need to know what to measure and how to measure it.

For example: For cutting down of manpower, what type of data we need to measure? obviously we will be needing data relating to manpower and our companies revenues to generate the relation between them. Furthermore, it is equally necessary to know how to measure it. What factors do we include in it. What is our time frame etc etc.

Step 3: Data Collection

Obviously, this is the feed of all the process. For data analysis, you need to have sufficient data in the first place.

Step 4: Analyzing the Data:

After acquiring all the steps in the process, it is time to analyze the data more deeply. You will be searching for correlations in your data with your problem. In this step, you will be finding different parameters such as maximum, minimum, standard deviation, variance et. Moreover, you will needing graphs to plot the data that you have acquired.

Step 5: Interpreting the results

Lastly, you need to correctly interpret the results that you have got from the previous step. Right interpretation will lead to right decision making which will make a fortune of your company and wrong interpretation will lead to wrong decision making and you will be going otherwise,

5 0
3 years ago
Other questions:
  • When an economy is experiencing higher real interest rates, business firms will most likely be discouraged from investing in:?
    11·1 answer
  • Bargain Styles Inc. is an apparel company that caters to the highly price-conscious customers. Through its simple apparel design
    7·1 answer
  • The project title should
    14·1 answer
  • HELPPPPP
    14·2 answers
  • 3 oz x 6 feedings = 18oz per day X 30 days =
    5·1 answer
  • Question 22
    11·1 answer
  • Can someone pls help me ASAP due today and I will mark brainlist
    10·1 answer
  • Ruby, a seventeen-year-old, purchases a car from Smitz Used Auto Sales and agrees to pay for it over a period of twenty-four mon
    6·1 answer
  • 3.Part 2 Management agency agreement – complete and submit for marking Maria’s agreement only.
    9·1 answer
  • Insurance premiums, entrance fees, train fares, and organization dues are all examples of?.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!