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Anna007 [38]
3 years ago
7

An international organization created in 1958 to make trade easier among member nations:

Business
2 answers:
soldi70 [24.7K]3 years ago
8 0
<span>European economic community was formed by the European Union we can trace its origins from the European Coal and Steel Community and the European Economic Community formed in 1951 and 1958 respectively by the Inner Six countries of Belgium, France, West Germany, Italy, Luxembourg and the Netherlands. There main purpose of forming the organization is to promote greater social, political and economic harmony among the nations of Western Europe.</span>
Veseljchak [2.6K]3 years ago
4 0
The answer is "<span>EEC or European Economic Community".
</span>
The EEC was otherwise called the Common Market in the English-speaking nations and sometimes alluded to as the European Community. 
The European Economic Community (EEC) was a provincial association which expected to achieve financial combination among its part states. The European Economic Community (EEC), the most noticeable case of a free trade region, really is the thing that financial experts call a customs union.
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Following are the solution to this question:

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The real per capita GDP in country X is 4 times of that in country Y. The annual growth rate in country X is 2.33%, while in cou
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Answer:

It will take 30 years for country Y’s GDP to catch up with that of country X

Explanation:

In this question. We are asked to calculate the number of years it will take a certain country Y to catch up with the GDP of a certain country X, given the annual growth rate in both countries.

We calculate the number of years as follows;

Firstly, we assign a variable to the value of the real GDP of country Y

let real

Let the real GDP of the country Y be n. This means that the GDP of country C will be 4 * n = 4n

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With annual growth rate of 2.33% ,country x's Real GDP doubles in 70/2.33 = 30 years.(Approx)

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and Y's Real GDP in next 30 years will be = 2x2x2xn = 8n.

thus , it will take 30 years to country Y to catch up to the level of country x.

7 0
3 years ago
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