All categories

2 years ago

If GDP is $15 trillion, how many years will it take for GDP to increase to $30 trillion if annual growth is 2 percent

1 answer:

8 0

Y = original value • growth ^(time/period of growth)

30000000000000 = 15000000000000 • (1+0.02)^(x/1)

Divide both sides by 15 trillion

2 = (1.02)^(x)

take logarithm of both sides

log2 = log1.02^x

Bring x down using log law

log2 = xlog1.02

Divide both sides by log1.02

x = 35

35 years

You might be interested in

A decline in interest rates is expected to __________.

bulgar [2K]

A decline in interest rates is expected to put the economy in recession. This is because with less interest comes less money earned and less spending as a result.

8 0

3 years ago

Read 2 more answers

Fill in the blank: The _________ can help you develop a mission statement that connects with your audience. persona creation pro

hram777 [196]

Answer:

Golden Circle

Explanation:

-Persona creation process is the process to generate a representation of a specific customer that will use your product.

-Golden Circle is a model that helps companies to find the best form to provide value to their customers and differentiate from the competition.

-Inbound Methodology is a process that organizations use to turn leads into customers.

-Buyer's journey is a process that includes all the stages that a customer pass through from realizing the need to making a purchasing.

According to this, the answer is that the Golden Circle can help you develop a mission statement that connects with your audience because it can help you to develop a message that would attract your target customer and get a position in their mind.

8 0

3 years ago

Your brother is starting 9th grade next year and is thinking about going to college. What steps would you recommend he take

Scrat [10]

He should try to maintain a high GPA because 9th grade is an important year

8 0

3 years ago

Read 2 more answers

A short-term lease: Multiple Choice Must be accounted for by the short-cut method if using U.S. GAAP. Is defined as having a val

Sauron [17]

Answer: Not required to be accounted for by the short-cut method if using IFRS.

Explanation:

A Short term Lease is one where a person or entity is granted the legal use of a space for a small period of time which is a year or less.

In calculating this, the Sixteenth International Financial Reporting Standards, IFRS 16, states that a Short Term lease may be charged directly to a Profit and Loss account.

It does not approve the use of the Shortcut method which is a qualitative measure of analysis that is ONLY approved under the US Accounting system (GAAP) and even then is not widely used.

6 0

3 years ago

Roberto designers was organized on January 1,2021. The firm was authorized to issue 100,00 shares of $5 par value common stock.

jekas [21]

Answer: the correct answer is D) $250,000

Explanation:

Answers

transactions relating to stockholder's equity

Issued shares 10,000* $7 = $70,000

Issued shares 20,000*$8 = $160,000

net income = $100,000

--------------

Sub Total $330,000

Debts

50,000 dividend ($50,000)

3,000 *$10 treasury stock ($30,000)

--------------

Sub Total ($80,000)

Total $330,000-$80,000 = $250,000

8 0

3 years ago