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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

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Explanation:

using the following formulars

Net purchase = (Gross Purchase) - (purchase return) - (purchase discount) + freight-in

Beginning inventory + Net purchases = cost of goods available for sales

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for 2013 we have that

beginning inventory = cost of goods available for sale - net purchases

Net purchases = 630 - 24  - 18 + 13 = 601

2013, beginning inventory = 876- 601 = 275

Ending inventory = 876 - 627 = 249

2014,

Begning inventory = closing inventory of 2013 = 249

Cost of goods available for sale = 621  + 225 = 846

Net purchase  -Cost of goods available for sale - beginning inventory = 846   - 249 = 597

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2015

Cost of good sold = 800 - 216 = 784

Net purchase = 800 - 225 = 575

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4 0
3 years ago
Schumpeter’s process of "creative destruction" challenges Porter’s five forces of competition framework by:_______. A. Introduci
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Answer:

C. Proposing that competitive behavior determines industry structure rather than the other way round.

Explanation:

The Porter’s five forces of competition is a framework developed by Michael E. Porter in 1979, it is used to measure and analyze an organization's competitiveness in a business environment.

The Porter's five forces of competition framework are:

1. The bargaining power of suppliers.

2. The bargaining power of customers.

3. Threat posed by substitute products.

4. Threats posed by new entrants.

5. Threats posed by existing rivals in the industry.

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Joseph Schumpeter’s process of "creative destruction" challenges Porter’s five forces of competition framework by proposing that competitive behavior determines industry structure rather than the other way round.

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3 years ago
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2 years ago
Desrevisseau Inc., a manufacturing company, has provided the following data for the month of August. The balance in the Work in
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Answer:

B. $130,000

Explanation:

We know,

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Direct materials = $60,000

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Manufacturing overhead = $43,000 (As the manufacturing overhead cost applied to work-in-process, so we will take $43,000 instead of $40,000).

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Putting the information into the above formula, we can get,

Cost of goods manufactured = $60,000 + $39,000 + $43,000 + $10,000 - $22,000

Cost of goods manufactured = $130,000

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3 years ago
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