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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

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An entrepreneur borrows $500,000 today. The interest rate is 11.5%. If the entrepreneur makes annual payments of $70,000 per yea
love history [14]

Answer:

After 18.44 year loan will be paid

Explanation:

We have given an entrepreneur borrows $500,000 today.

So total amount is $500000

Annual payment is of $70000

Rate of interest r = 11.5 %

We have to find the time period

We know that total amount is given by

A=P(1+\frac{r}{100})^n, here A is total amount , P is yearly paid amount, r is rate of interest and n is time period

So 500000=70000\times (1+\frac{11.25}{100})^n

7.142=1.1125^n

Taking log both side

log7.142=nlog1.1125

n\times 0.0463=0.8538

n = 18.44 year

So after 18.44 year loan will be paid

6 0
4 years ago
Emily Lim owns and runs an ice cream parlor in San Diego. Last year, she had sales of $430,000 and an average tax rate of 34%. S
Mila [183]

Answer:

1). Operating Income (EBIT) = Sales - Expenses - Depreciation

Operating Income (EBIT) = $430,000 - ($43,000 - $21,500 - $77,400 - $86,000 - $64,500 - $43,000) - $12,900

Operating Income (EBIT) = $430,000 - $335,400 - $12,900

Operating Income (EBIT) = $81,700

2). Net Income = (EBIT - Interest)*[1 - t]

Net Income = ($81,700-$21,500)*(1-0.34)

Net Income = $60,200*0.66

Net Income = $39,732

6 0
3 years ago
The equation which shows a company’s resources equal claims to those resources is___________.a.Assets = Liabilities + Stockholde
777dan777 [17]
<h2>Assets =  Stock holder's Equity + All outsider Liabilities</h2><h3>Explanation:</h3>

Assets = All Short term Assets + All Long Term Assets

Short term Assets are those assets which can be easily recovered  into cash with in one year

Long term assets are those which can be recovered after one year

Liabilities = Short term + Long term (Outsider Liabilities)

Short term liabilities are those which is to be paid within one year

Long term liabilities are those which is to be paid after one year

7 0
4 years ago
Principals of manegment ​
Elenna [48]

Answer:

The answer is "Option d".

Explanation:

The management team consists of the coordination of any resources in the preparation, organization, analysis, and administration of the project to reach specific goals.  

  • It is how something will be handled, treated intently, monitored, or managed by a company or group.  
  • Managers work as planners, supervisors, and managers thru the four roles, administrators, which focus on making their staff, processes, projects, and companies more efficient and effective in all fields.
6 0
3 years ago
1) Which of these is a social goal of any economic system?
vichka [17]

<u>A social goal of any economic system:</u>

All economic systems' broad goals saw as key to the U.S. economy are soundness, security, economic freedom, equity, economic growth, efficiency, and full employment.

Accomplishing these objectives is troublesome in light of the fact that—despite the fact that the objectives supplement each other now and again—by and large, there are exchange offs to confront. To keep up a solid economy, the national government looks to achieve three approach objectives: stable costs, full business, and financial development.

Notwithstanding these three arrangement objectives, the central government has different destinations to keep up the sound financial strategy. Monetary objectives are not in every case commonly perfect; the expense of tending to a specific objective or set of objectives is having fewer assets to focus on the rest of the objectives.

7 0
4 years ago
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