Question 6 of 10

Suppose a panel of economists is predicting that a nation's real GDP per capita will double in approximately 10 years. Based upo

Semenov [28]

Answer:

The answer is: 7% annual growth rate

Explanation:

The Rule of 70 is a way to determine how many years it will take an economy to double its GDP (or GDP per capita) with a given annual growth rate.

The formula used by the Rule of 70 is:

number of years =  70 

to double an economy annual percentage growth rate

In this exercise we substitute the known variables and calculate:

10 years = 70 / (annual growth rate)

annual growth rate = 70 / 10 = 7%

7 0

3 years ago

Early in 2017, Sheryl Crow Equipment Company sold 500 Rollomatics during 2017 at $6,000 each. During 2017, Crow spent $20,000 se

sertanlavr [38]

Answer:

Explanation:

Debit $ Credit$

a. Cash 3000000

Sales revennue (500*6000) 3000000

Warranty expenses 55000

Estimated warranty liability 55000

Estimated warranty liability 20000

Cash account 20000

b. Cash account 3000000

Sales revenue (500*6000- 56000) 2944000

Unearned warranty revenue 56000

Warranty expenses 20000

Cash account 20000

Unearned warranty revenue 20364

Warranty revenue (56000*20000/55000) 20364

3 0

3 years ago

Suppose that the nominal exchange rate between the US dollar and the Canadian dollar is 0.75 US dollars per Canadian dollar. If

Goryan [66]

Answer:

option (c) depreciate by exactly 10 percent

Explanation:

Data provided in the question:

Canadian dollar = 0.75 US dollars per Canadian dollar

Canada's rate of inflation = 0 percent

US rate of inflation = 10 percent

Now,

The percentage change in real exchange rate

= percentage change in nominal exchange rate - (Domestic inflation - Foreign inflation)

= 0 - (10 percent - 0 percent )

= - 10 percent

Here,

the negative sign depicts that the exchange rate will depreciate

Hence,

the answer is option (c) depreciate by exactly 10 percent

5 0

4 years ago

A firm selling its products to consumers is known as business-to-consumer marketing. However, when a firm buys raw materials fro

Luden [163]

Answer:

A firm selling its products to consumers is known as business-to-consumer marketing. However, when a firm buys raw materials from another firm to make its products, this is an example of business to business marketing.

________________________________

What is business to business? (B2B) marketing.

The process of buying and selling goods or services to be used in the production of other goods and services, for consumption by buying organization, or for resale by wholesaler and retailers.

6 0

3 years ago

In regard to decision making, which of the following statements reflects what research has found? a. Groups tend to be less prod

Snezhnost [94]

The research has found that Group makes better decisions than most individual acting alone. It is because when a decision making is held into a group, the people who participated in there can exchange their opinions.

Decision making can be defined as the process of making choices by gathering information, identifying a decision, and also assessing alternative resolutions. Decision making can make someone more deliberate, thoughtful decisions by defining alternatives and organizing relevant information. Decision making is a process that held step by steps. If a company held a group decision making, it can represent all of participants opinion so that the opinion can represent all of the participant's opinion.

Learn more about decision making here brainly.com/question/13244895

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7 0

2 years ago