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
Why the feedback form is so important for the trainer and the training itself?​
SashulF [63]

Answer:

It tells on how he or she can improve his ways of training based on the previous people he or she trained feedbacks.

5 0
3 years ago
Read 2 more answers
A company incurs costs of $38 per unit ($27 variable and $11 fixed) to make a product that normally sells for $56. A wholesaler
Vladimir79 [104]

Answer:

It should accept the special order at the price of $36 as the total marginal cost will be $28.5 (27 variable cost + 1.15 shipping cost).

Explanation:

Special orders are accepted only if marginal revenue increases the marginal cost. Marginal cost is the total cost incurred to fulfill any order.

In the given scenario, since the Company already has adequate capacity and it will not incur any additional fixed cost, therefore the order can be accepted by taking variable cost in to consideration.

Marginal Revenue               36

Less: Marginal Cost

Variable Cost                      (27)

Shipping Cost                   <u> (1.15)</u>

Total Profit from Order   <u> 7.85</u>

4 0
3 years ago
Suppose C1 and C2 form a partition of sample space S. Suppose A and B are two events such that the following statements are true
kirza4 [7]

Answer:

Option b. A and B are conditionally independent given C2.

Explanation:

The conditional probability of an event is the probability that a given event will occur given that another event, say A has already occurred.

In a case where events A and B are independent (in this case, where the probability of A has no  effect on the probability of B occurring), the conditional probability of an event B given that A has taken place is simply the probability of the event A.

If the two events are not independent, then the probability of an event occurs as an intersection of set A and B.

6 0
4 years ago
What is the meant byTQM
ch4aika [34]
TQM is Total Quality Management, it's describe as a management approach to long-terms success for customer service or satisfaction.    
5 0
3 years ago
Read 2 more answers
A product manager is eager to develop a new product idea. To gain approval to do so, the product manager orders the research tea
vladimir1956 [14]

Answer:

The answer is b. Advocacy research

Explanation:

Advocacy research is carried out with the intention of providing evidence and arguments that can be used to support a particular cause or position.

8 0
4 years ago
Other questions:
  • Business-________ marketing is the marketing of products and services to companies, governments, or not-for-profit organizations
    11·1 answer
  • One way that criminal law differs from civil law is that it: provides remedies for violations of private rights. must yield a un
    11·1 answer
  • Which bid strategy should Sara use if her goal is to get more people to call her local catering business?
    14·1 answer
  • What should a business plan cover page do?
    8·2 answers
  • Business cycles ___________.
    7·1 answer
  • In TJX's case, the security breach made its customers vulnerable to this.a) Loss of personal propertyb) Inaccurate personal data
    6·1 answer
  • Items that regularly appear on the financial statements of Maple Park Theatres Corp. The amounts shown for balance sheet items a
    14·1 answer
  • to insure goods to send them overseas it costs the exporter 5/2% of the value of the goods. if the goods are valued at 16.400$,
    5·1 answer
  • Bonnie made the final payment to Big Bank on the 30-year mortgage loan she had on her home. Shortly thereafter Big Bank, to prov
    11·1 answer
  • Carol and leslie enter into a contract stating that carol will pay leslie $650 per month for the next 20 years. carol will live
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!