How much money will there be in an account at the end of 10 years if $4000 is deposited at 6% compounded quarterly
1 answer:
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When you write a function in the form , y is the dependent variable, and x is the independent variable.
So, if b is the independent variable, it means that we have to solve the expression for r.
To do so, we perform the following steps: start with
Add 12 to both sides
Divide both sides by 4:
So, we wrote the expression in the form , which means that r is the dependent variable and b is the independent variable, as requested.
Answer:
The GDP gap is 9 % when there is 4.5 % unemployment.
Step-by-step explanation:
The statement shows a reverse relationship, where an increase in unemployment is following by decrease in potential GDP and can be translated into the following rate:
The GDP gap at a given increase in unemployment can be estimated by the following expression:
Where:
- GDP gap-unemployment increase rate, dimensionless.
- Increase in unemployment rate, measured in percentage.
- GDP gap, measured in percentage.
If and
, the GDP gap is:
The GDP gap is 9 % when there is 4.5 % unemployment.