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
lapo4ka [179]
2 years ago
10

hina's growth rate of real GDP in 2005 and 2006 was 10.5 percent a year and its population growth rate was 0.5 percent a year. I

f these growth rates​ continue, in what year would real GDP per person be twice what is was in​ 2006? If these growth rates​ continue, real GDP per person would be twice what is was in 2006 at the end of​ _______.
Business
1 answer:
Kazeer [188]2 years ago
4 0

Considering the situation described above, if these growth rates continue, the real GDP will be twice what it was in 2006 during the year "<u>2013</u>."

This is based on the Rule of 70. The rule of 70 states that the number of years needed for any variable to double is approximately 70, divided by the annual percentage growth rate of the variable.

Thus, given that the Real GDP is growing at 10.5 percent a year;

We have 70 ÷ 10.5 = 6.7;

Therefore, the Real GDP will double in 6.7 years, which is during the year <u>2013</u>.

Hence, in this case, it is concluded that the correct answer is <u>2013</u>.

Learn more here: brainly.com/question/12272988

You might be interested in
Which of the following is an advantage of multiple-choice achievement tests over holistic performance-based assessments? Group o
garri49 [273]

Answer:C. Multiple- choice achievement test are criterion -referenced

Explanation:

They can be used to measure different qualitative and quantitative resources of the sample been observed.

3 0
3 years ago
A bank provides its customers mobile applications that significantly simplify traditional banking activities. For example, a cus
il63 [147K]

Answer:

The correct answer is A. Differentiation.

Explanation:

They are marketing strategies used by companies to highlight a product about similar offers in the market.

This strategy seeks to provide the company with a competitive advantage, it is important that this strategy is directed directly to a specific segment of the market and delivers a concrete and positive message about the different product to other products in a market.

This strategy offers a small business survival opportunity when they compete in a market dominated by large companies.

It is important that the company is clear about the principle of this type of strategy, since achieving being different is not the objective, the particularity is being relevant and achieving consumer preference, that is, it is not enough to be different from the others, that difference must be followed by a benefit that the client supposes important and effective.

5 0
3 years ago
Use the information in the chart to calculate the real exchange rate between the U.S. dollar and the Indian rupee. Round to the
JulsSmile [24]

Answer: 52.51 rupees/dollar

Explanation:

The real exchange rate attempts to account inflation in the countries being compared by using prices in the exchange rate.

The formula for calculating it is;

Real exchange rate = Nominal exchange rate *(Price index of domestic country/Price index of foreign country)

Real exchange rate in 2014 = 57*(99.5/108)

= 52.51 rupees/dollar

3 0
3 years ago
White Sands Heavy Equipment Co. produces industrial equipment that it sells through its national sales force.
Tcecarenko [31]

Answer:E. a flexible price policy

Explanation:

The flexible price policy is a bargaining system between the buyer and seller to trade together at an agreed price.

The FOB seller factory price policy means where the ownership of the goods transferred to buyer, Robinson's act is only to prevent price discrimenation in the retail industry from the producers, a skimming price policy makes use of dual prices whithin a time interval, a status quo pricing objective is to maintain homogeneous price in the market among the sellers.

3 0
3 years ago
The goals of Macroeconomics relate to the ______________ to achieve a balanced higher standard of living for a nation.
Setler79 [48]

Answer: Optimization of resource allocation

Explanation: Macroeconomics, in simple words, refers to the study of economy as whole. It focuses on factors, the impact of which is high on economy such as interest rates and national productivity.

One of many concerns that macroeconomics deals with is optimization of resource allocation, which means using resources in that sector which gives the best results and maximum profit to the economy.

6 0
3 years ago
Other questions:
  • 4) All of the following are true of known liabilities except:A) Include accounts payable, notes payable, and payroll.B) Are obli
    7·1 answer
  • Pizza Express Inc. began the Year 2 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings.
    11·1 answer
  • Breakeven and leverage wingler communications corporation (wcc) produces premium stereo headphones that sell for $28 80 per set,
    14·1 answer
  • Compare the demand for sugar with demand for food. the demand for sugar is likely
    11·1 answer
  • Elisa, an HR manager for a medium-sized company, is assigned to update all job descriptions and job specifications for her compa
    10·1 answer
  • Insurance that protects a homeowner in case of a property ownership dispute is called:
    13·2 answers
  • Red Co. reported cash paid for interest of $55,000 in its statement of cash flows for the current year. Red did not capitalize a
    15·1 answer
  • The following data has been provided for a compan most recent year of operations:
    11·1 answer
  • Taking stock of where the firm or product has been recently, where it is now, and where it is headed in terms of the organizatio
    10·1 answer
  • The mythical Three Floyds Brewery in Munster, Indiana makes a beer called Zombie Dust, which it sells in large bottles to pubs a
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!