How long will it take real GDP to double if it grows at the following rates? (a)
Question:
(a) 4 percent per year
(b) 6 percent per year
(c) 8 percent per year
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
From the general formula to calculate the percentage annual growth rate see Box How t...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Manuel Rios wishes to determine how long it will take an initial deposit of $10,000 to double. a. If Manuel earns 10% annual interest on the deposit, how long will it take for him to double his...
-
Mia Salto wishes to determine how long it will take to repay a loan with initial proceeds of $14,000 where annual end-of-year installment payments of $2,450 are required. a. If Mia can borrow at a...
-
How long will it take a payment of $500 per quarter to amortize a loan of $8,000 at 16% compounded quarterly? Approximate your answer in terms of years and months. How much less time will it take if...
-
18. Equal volumes of two solutions containing 3.65g of HCl and 4.0 g of NaOH respectively are mixed. The pli of the mixture is 2) <7 3) >7 19. When Imi of 0.IN HCIIS added to 1 litre of a solution of...
-
Consider a project to supply Hamilton with 35,000 tonnes of machine screws annually for automobile production. You will need an initial $2,900,000 investment in threading equipment to get the project...
-
1. Trace the path of the medication list and denote possible failure points. Construct a process flowchart of the existing process and create a new chart of an improved process. 2. Was the medication...
-
A June 1999 issue of Money magazine includes an article by David Futrelle entitled Stock Splits: How the Dumb Get Rich. LO5 Instructions Read the article and answer the following questions. (a) What...
-
The price of Garden Designs, Inc. is now $85. The company pays no dividends. Sean Perth expects the price four years from now to be $125 a share. Should Sean buy Garden Designs if he wants a 15...
-
There is a project with the following cash flows : Year Cash Flow 0 $23,500 1 6,900 2 7,650 3 7,050 4 5,000 What is the payback period? Multiple Choice 3.81 years 2.73 years 4.00 years 3.38 years...
-
When one hears the word entrepreneur, many faces come to mind. Elon Musk, Sara Blakely, Warren Buffet, Martha Stewart, Bill Gates, and Daymond John are just a few that might spring to mind. There are...
-
Calculate percentage annual growth rates using the data that follow. (a) Productivity growth measures increase in output per hour of work. Output per hour was 54.0 in the first quarter of 1973, 75.4...
-
Explain the distinction between exogenous variables and endogenous variables. Explain the distinction, if any, between a parameter and an exogenous variable. For the most complete model used in this...
-
Which of the following operators has the lowest precedence? a. Multiplication b. Remainder c. Subtraction d. Division
-
PP Company purchases a material that is then processed to yield three chemicals: anarol, estyl, and betryl.In June, PPC purchased 10,000 gallons of the material at a cost of $250,000, and the company...
-
Suppose Boyson Inc. free cash flow for the next year is $ 1 5 0 , 0 0 0 and the FCF is expected to grow a concert rate of 6 . 5 % if WACC is 1 2 . 5 % what is the market value of the firm?
-
An eight lane urban freeway (four lanes in each direction) is on rolling terrain and has 11-ft lanes with a 4-ft right-side shoulder. The interchange density is 1.25 per mile. The base free-flow...
-
For the following business events, please indicate the increase (+) or decrease (-) on the following income statement and balance sheet categories. If there is no effect, leave the box blank. If...
-
4. Change the magnet to the original orientation and drag through the coil. a. What happens to the voltage and light bulb as the North Pole moves through the coil? b. What happens to the voltage and...
-
In an installment contract, each lot must be accepted and paid for separately. a. True b. False
-
Use nodal analysis to determine voltages v1, v2, and v3 in the circuit Fig. 3.76. Figure 3.76 4 S 3i, 2 A 4A
-
What is a standard cost? Why do companies use them?
-
The same rightward shift of the demand curve may produce a very small or a very large increase in quantity, depending on the slope of the supply curve. Explain this conclusion with diagrams.
-
In 1981, when regulations were holding the price of natural gas below its free-market level, then-Congressman Jack Kemp of New York said the following in an interview with the New York Times: We need...
-
From 1990 to 1997 in the United States, the number of working men grew by 6.7 percent; the number of working women grew by 11 percent. During this time, average wages for men grew by 20 percent,...
-
Bought an old van for 4000 from Peters promising to pay laterwhat is the transactions
-
Company has a following trade credit policy 1/10 N45. If you can borrow from a bank at 9,5% annual rate, would it be beneficial to borrow money and pay off invoices earlier?
-
Given the following exchange rates, which of the multiple-choice choices represents a potentially profitable inter-market arbitrage opportunity? 129.87/$1.1226/$0.00864/ 114.96/ B $0.8908/ (C)...
Study smarter with the SolutionInn App