The goals of macroeconomics are economic growth, full employment, and price stability. Options 2 and 4 are True.
<h3>What are the objectives of macroeconomics?</h3>
The majority of other countries have three main macroeconomic objectives: economic growth, full employment, and price stability. The economic well-being of a country is dependent on carefully defining these goals and selecting the best economic policies to achieve them.
- A macroeconomic goal is full employment. True
- Inflation is defined as an increase in the prices of goods and services. True
Therefore, options 2 and 4 are true.
Learn more about the objectives of macroeconomics here:
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<span>Annual = Years = 6.64; Actually 7 years
Monthly = Years = 6.33; 6 Years, 4 months
Daily = Years = 6.30; 6 Years, 111 days
Continuously = 6.30; 6 Years, 110 days
The formula for compound interest is
FV = P*(1 + R/n)^(nt)
where
FV = Future Value
P = Principle
R = Annual interest rate
n = number of periods per year
t = number of years
For this problem, we can ignore p and concentrate on the (1+R/n)^(nt) term, looking for where it becomes 2. So let's use this simplified formula:
2 = (1 + R/n)^(nt)
With R, n, and t having the same meaning as in the original formula.
For for the case of compounding annually
2 = (1 + R/n)^(nt)
2 = (1 + 0.11/1)^(1t)
2 = (1.11)^t
The above equation is effectively asking for the logarithm of 2 using a base of 1.11. To do this take the log of 2 and divide by the log of 1.11. So
log(2) / log(1.11) = 0.301029996 / 0.045322979 = 6.641884618
This explanation of creating logarithms to arbitrary bases will not be repeated for the other problems.
The value of 6.641884618 indicates that many periods is needed. 6 is too low giving an increase of
1.11^6 =1.870414552
and 7 is too high, giving an increase of 1.11^7 = 2.076160153
But for the purpose of this problem, I'll say you double your money after 7 years.
For compounding monthly:
2 = (1 + R/n)^(nt)
2 = (1 + 0.11/12)^(12t)
2 = (1 + 0.009166667)^(12t)
2 = 1.009166667^(12t)
log(2)/log(1.009166667) = 0.301029996 / 0.003962897 = 75.96210258
And since the logarithm is actually 12*t, divide by 12
75.96210258 / 12 = 6.330175215
Which is 6 years and 4 months.
For compounding daily:
2 = (1 + 0.11/365)^(365t)
2 = (1 + 0.00030137)^(365t)
2 = 1.00030137^(365t)
log(2)/log(1.00030137) = 0.301029996 / 0.000130864 = 2300.334928
2300.334928 / 365 = 6.302287474
Continuously:
For continuous compounding, there's a bit of calculus required and the final formula is
FV = Pe^(rt)
where
FV = Future value
P = Principle
e = mathematical constant e. Approximately 2.718281828
r = Interest rate
t = time in years
Just as before, we'll simplify the formula and use
2 = e^(rt)
Since we have the function ln(x) which is the natural log of x, I won't bother doing log conversions.
rt = ln(2)
0.11 * t = 0.693147181
t = 0.693147181 / 0.11
t = 6.301338005</span>
A few types of promotion are advertising, public relations, sales promotions or even personal selling.
Answer:
Hi I am fine and you what's your name where are you from
Answer:
The correct answer is letter "D": Class envy.
Explanation:
In behavioral economics, the endowment effect explains why an individual could give a higher value to an object that posses than giving a low value when the individual does not have it. The approach implies the object has symbolic importance for the individual while having it.
A good example of the endowment effect refers to a teacher that gives one of his classes' students mugs as gifts. The value of the students who received mugs was higher than the value of those who did not get one.
