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
jasenka [17]
3 years ago
6

The average of growth for slow-growth countries is around 2% per year, and for fast-growth, greater than 5% per year. Suppose th

e growth rate of the economy is 2%.
a. The size of the economy roughly doubles every :__________
b. If instead the growth rate is 7%, the doubling time for the economy is:_________
c. Economy growth is important to understand because :_______
Business
1 answer:
S_A_V [24]3 years ago
4 0

Answer: a. 36 years

b. 10 years

c. a. It is closely tied to standard of living.

Explanation:

a. The Rule of 72 simply states that an amount will double for a certain number of period when using the formula:

= 72 / growth rate

= 72 / 2

= 36 years

b. When the growth rate is 7%, the doubling time for the economy will be:

= 72 / growth rate

= 72 / 7

= 10 years approximately

c. The options are:

Economic growth is important to understand because:

a. It is closely tied to standard of living.

b. Growth guarantees that the rich get richer and the poor get poorer.

c. Income equality cannot exist without growth.

d. Understanding economic growth is key to getting a banking job after graduation

You might be interested in
April would like the part numbers to be in order with the highest number at the top of the table. She should _____. sort in asce
torisob [31]

Answer:

sort in descending order

Explanation:

Descending order means arranging from the largest to the smallest. It can also imply organizing from the oldest to the youngest. When numbers are sorted out using the descending order, the largest numbers will appear and the top, while the smallest will be at the bottom. April should sort using the descending order.

7 0
3 years ago
Say you start a new job running the
CaHeK987 [17]

Answer: W4

Explanation:

A W4 is what you fill out when starting a job, a W2 is what they send you to file your taxes

7 0
3 years ago
Suppose that the adult population in some country is 225 million. If 40 million are unemployed and 100 million are employed, the
Yakvenalex [24]

Answer:

28.57%

Explanation:

The computation of the unemployment rate is shown below:

Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100

where,  

Total labor force would be = Unemployed + employed

= 40 million + 100 million

= 140 million

So, the unemployment rate would be

= 40 million ÷ 140 million

= 28.57%

It should always be expresses in a percentage form.

3 0
4 years ago
Key practices in the partnering approach to managing contracted relationships include ch12 Select one:_______a. Structured commu
slava [35]

Answer:

The correct answer is access to each other's organisational resources

Explanation:

There are numerous aspects of partnering approach in managing relationship. The significant advantage of this approach is that it helps to create an environment in which two parties can work along and start a healthy relationship where they can easily access organisational resources of each other. This approach helps firms and organisations to grow.

3 0
4 years ago
The particular market segment your company is trying to sell your products or services to is your?
mixer [17]

Answer:

Target market

Explanation:

Target market refers to the potential or existing customers that a business intends to sell its products or services. The target group is the group of people that a firm focuses on when creating its advertising messages.

A business identifies its target group through market research. The firm surveys the market to identify groups of people who are highly likely to buy its products and services.

3 0
3 years ago
Other questions:
  • In a table, an area that contains text or data for a particular row and column is called a                          .
    9·2 answers
  • A group of individuals got together and purchased all of the outstanding shares of common stock of DL Smith, Inc. What is the re
    12·1 answer
  • A country that exports less than it imports will end up having to borrow money
    13·1 answer
  • Maxine knows the students will be disappointed that her textbook is out of stock, but she needs to get them information about th
    9·1 answer
  • Justin bikes to work each morning and takes a time saving short cut using a path at the back edge of the parking lot of Manny's
    10·1 answer
  • At the start of the month, Oak Inc. had 58,000 units of beginning work in process that were 65% complete. Over the course of the
    15·1 answer
  • Ace Products has a bond issue outstanding with 15 years remaining to maturity, a coupon rate of 8% with semiannual payments of $
    15·1 answer
  • The entry made at the end of the accounting period to record wages incurred but unpaid is:________
    7·1 answer
  • when a firm charges a fee for the right to purchase a product plus a per-unit charge for each unit purchased, what type of prici
    9·1 answer
  • if you have a dental emergency and your dentist pulls your severely infected tooth without prior negotiation about payment, or e
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!