Answer:
2%
Explanation:
To get the annual growth rate of real GDP per capita, the rule of 70 is employed.
The rule of 70 refers to technique to is used to calculate the numbers of years an investment, real GDP per capita, an investment, or any other amount will take to double. The formula for the rule of 70 is given as follows:
Number of years to double = 70 ÷ Annual growth rate ............... (1)
Since number of years to double is 35 as given in the question, we then substitute for it in equation (1) and solve for annual growth rate as follows:
35 = 70 ÷ Annual growth rate
Rearranging, we have:
35 × Annual growth rate = 70
Annual growth rate = 70 ÷ 35
Annual growth rate = 2
Note that the 2 obtained above conventionally mean 2%.
Therefore, the annual growth rate of real GDP per capita for this economy is 2%.
Answer: $23,653.18
Explanation:Let
Then, we can use the mortgage formula because we can treat N as the number of payments and the rate that we'll be using in the formula is the apr = 8.35%.
So, the annual payment is calculated as: (
Note: change 8.35% to decimal)
Now, we need to calculate the interest amount in the first year, which is given by
Interest Amount = rP
= (0.0835)(660,000)
Interest Amount = $55,110
Now, we let
be the amount to be reduced from the principal balance. Then,
Hence,
$23,653.18 will be used to reduce the prinicipal balance.
Answer:
A. not affect the total value of any of the equity accounts.
Explanation:
A balance sheet can be defined as a financial statement of an organization which is typically used to record financial informations liabilities, capital, shareholder's equity, assets, debts at a specific period of time.
In respect to a balance sheet, a stock split will not affect the total value of any of the equity accounts.
A stock split can be defined as a process in which a company divides its existing shares of the stock it owns into multiple new shares to its shareholders in proportion to the amount of their holdings. Thus, a stock split will not affect the total value of any of the equity accounts with respect to a balance sheet.
Answer: magnifies spending-income changes into greater changes in aggregate demand, causing demand-pull inflation
Explanation:
The spending multiplier is the ratio of the change in GDP to the change in the autonomous expenditure.
The spending income multiplier magnifies spending-income changes into greater changes in aggregate demand, causing demand-pull inflation. In a situation whereby there's a reduction in the investment spending, there'll be a recession.
Under the circumstance of low section ratio, low base rate, new selection procedure has a high validity is hiring success gain likely to be highest.
Hiring success refers to the unique event that brings together the industry leaders who are pushing the limits and improving the talents acquisition landscape.