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
SashulF [63]
3 years ago
7

Suppose that real GDP per capita of the United States is $32,000 and its growth rate is 2% per year and that real GDP per capita

of China is $4,000, and its annual growth rate is 7%. According to the rule of 70, how large will China's real GDP per capita be in 20 years?
Business
1 answer:
Likurg_2 [28]3 years ago
7 0

Answer:

China' s real GDP per capita would be $16,000 in 20 years

Explanation:

Rule of 70, states that divide 70 with the growth rate and will get the time it will take, for an amount to get twice its present value.

After 10 years,

China's GDP would be the twice of GDP per capita.

In numerical terms

= 2 ×  GDP per capita

So, after 20 years, it would be 4 ×  GDP per capita

Therefore,

= 4 × $4,000

= $16,000

You might be interested in
On Mr. Casper’s debate team at Thunderbird High School, 20% of the members are Sophomores, 35% are Juniors and 45% are Seniors.
balandron [24]

Answer:

here is a 63.25% for winning the debate given the student distribution and the chance of success  of each type of student.

Explanation:

As the student will be picked at random we can determiante the expected value by doing a weighted average:

\left[\begin{array}{cccc}$Student&$Return&$Probability&$Weight\\$Sophomore&0.2&0.2&0.04\\$Junior&0.6&0.35&0.21\\$Senior&0.85&0.45&0.3825\\Total&&1&0.6325\\\end{array}\right]

4 0
3 years ago
A licensee makes a statement that is material to the transaction as though it were a fact when the licensee does not know whethe
aliya0001 [1]

Answer:

The correct answer is fraud.

Explanation:

A fraud is an action that is contrary to truth and righteousness. Fraud is committed to the detriment of another person or organization and is punishable by law.

This concept is associated with the scam, which is a crime against heritage or property. It consists of a hoax to obtain an asset, making the person or company that pays believe that you will get something that, in reality, does not exist.

5 0
3 years ago
Jose Inc. reports the following balances and amounts. The following information is presented in random order (amounts are in dol
tankabanditka [31]

Answer:

Current assets        300.000,00

Current liabilites        120.000,00

WORKING CAPITAL 180.000,00

Explanation:

Working capital, also known as net working capital (NWC), is the difference between a company’s current assets, such as cash, accounts receivable (customers’ unpaid bills) and inventories of raw materials and finished goods, and its current liabilities, such as accounts payable

8 0
3 years ago
Lidell Inc. budgeted production of 48,000 personal journals in 20Y6. Each journal requires assembly. Assume that three minutes a
mote1985 [20]

Answer:

Direct labor cost= $31,200

Explanation:

Giving the following information:

Production= 48,000 units

Standard time= 3 minutes per unit

Rate= $13 per hour

First, we need to calculate the number of hours required:

The proportion of minuted per hour= 3/60= 0.05

Number of hours= 48,000*0.05= 2,400 hours

Now, the direct labor cost:

Direct labor cost= 2,400*13= $31,200

7 0
3 years ago
Doing a budget makes ____________________________ less likely.
ehidna [41]

Answer:

The answer is put is bankruptcy if there aren't any choices

8 0
3 years ago
Other questions:
  • Big Canyon Enterprises has bonds on the market making annual payments, with 17 years to maturity, a par value of $1,000, and a p
    6·1 answer
  • Your salmon dish has a food cost of $4.76, and your price includes a markup of 300%. You decide to decrease your percentage mark
    6·1 answer
  • When the hawk is the third order consumer the number of second order consumers is?
    11·1 answer
  • Alpha Colony and Beta Colony both manufacture textiles and technology. Alpha Colony always produces higher quality textiles and
    14·1 answer
  • On July 1, 2019, Bronson Co. purchased some equipment that initially cost $52,800. Additional costs included freight costs $300,
    11·1 answer
  • The __________ job market is comprised of internet job boards, want ads, newspaper ads, and radio advertisements. these are medi
    14·1 answer
  • Which loan type requires you to make loan payments while you’re attending school?
    5·2 answers
  • A certificate of deposit pays a higher interest rate than a savings account because the money is
    11·1 answer
  • Write five advantages of multinational company​
    14·1 answer
  • Allen is preparing a pie chart for the Empty Stocking Fund to show the proportionate low spending on administrative overhead as
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!