<u>Given:</u>
Real GDP of US = 32000
Growth rate of US = 2%
Real GDP of China = 4000
Growth rate of China = 7%
<u>To find:</u>
Number of years taken for China's real GDP per capita to be larger than real GDP per capita in the United States.
<u>Solution:</u>
The formula to calculate the years is,
![GDP_{US}\times[1+growth_{US}]^n](https://tex.z-dn.net/?f=GDP_%7BUS%7D%5Ctimes%5B1%2Bgrowth_%7BUS%7D%5D%5En%3CGDP_%7BChina%7D%5Ctimes%5B1%2Bgrowth_%7BChina%7D%5D%5En)
On plugging-in the values,
On solving the values we get,
Therefore, we can clearly identify that number of years is greater than 40 and less than 45.
Answer:
Fronting policy is a risk management technique in which an insurer underwrites a policy to cover a specific risk, but then cedes the risk to a reinsurer. Fronting policies are most commonly used by large organizations, and is a type of alternative risk transfer
Explanation:
Answer:
C. Increase in retained earnings for the period
Explanation:
The Standard that deals with the Presentation and discloser of Cash flow statement (IAS7) requires that the items that do not involve the use of cash must be disclosed separately. That means item C , increases in retained earnings for the period is disclosed separately since it does not involve the use of cash.
I am going to say (C) That seems like the most obvious answer to me.
