Use the Rule of 70 to calculate the growth rate that leads to a doubling of real
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (20 reviews)
The rule of 70 states that the number of years it takes for ...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Macroeconomics Canada in the Global Environment
ISBN: 978-0321778109
8th edition
Authors: Michael Parkin, Robin Bade
Question Posted:
Students also viewed these Economics questions
-
The following table shows the average annual growth rate in real GDP per capita for Argentina, Ghana, and South Korea using data from the World Bank, World Development Indicators, for the past few...
-
Plot the following scenarios for per capita GDP on a ratio scale. Assume that per capita GDP in the year 2015 is equal to $10,000. You should not need a calculator or computer program. Use the Rule...
-
A mathematical approximation called t he rule of 70 tells us that the number of years that it will take something that is growing to double in size is approximately equal to the number 70 divided by...
-
Suppose the money supply is $250 million dollars and the demand for money is given by Qm D = 400 - 40i, where Qm D is in millions of dollars. A. What is the equilibrium interest rate in this economy?...
-
List at least four reasons why a company would use budgeting.
-
The rate constant for the elementary reaction K + Br2 -> KBr + Br is 1.0 10^12 L mol^-1 s^-1 independent of temperature. Calculate the rate constant expected from collision theory at 298 K. The...
-
Briefly describe the auditor's strategy when applying probability-proportional-tosize sampling.
-
Exhibits 6.16 and 6.17 provide footnote excerpts to the financial reports of The Coca-Cola Company and Eli Lilly and Company that discuss the stock option grants given to the employees of the two...
-
Identify cultural issues between firms, the public, and employees. Reaffirm the role of values and ethics in decision making and leadership. Confirm accountability and determine which people and...
-
The owner of a football team and the local stadium has commissioned a study that showed the demand by fans for stadium seats (per playing date) to be P = 100 Q, where P is the average price of a...
-
What is the relationship between the growth rate of real GDP and the growth rate of real GDP per person?
-
What has been the average growth rate of Canadian real GDP per person over the past 84 years? In which periods was growth most rapid and in which periods was it slowest?
-
Differentiate between UNIFAC and UNIQUAC methods.
-
Based on the title of the study: An investigation into the role of digital marketing in the enhancement of service within the medical industry. state why and to whom is it important to conduct this...
-
"What aspects must be observed regarding the relevance of INVENTORY MANAGEMENT throughout the supply chain? Conclude with your opinion about the most efficient way of handling INVENTORY MANAGEMENT."
-
technology is a critical factor of everything we do today, what do you feel is the effect of technology on the two? how would this related to the technologies you mentioned?
-
How is income generated from the investment of an endowment treated under the Restricted Fund method when it is restricted?
-
(1) Identify the issues related to manpower planning as evident in the case. (A) Lack of support B) Employees Resistance C) Positive Thinking D)Positive reinforcement. (2) Identify the issues related...
-
In Problems 936, find the real solutions, if any, of each equation. |3x - 1 = 2
-
[a] Two foam blocks, each with a charge of 19 micro coulombs (1 C = 10-6 C), are both held in place 19 cm apart in the east-west direction. A foam ball with a charge 49 C is placed 55 cm north of the...
-
Explain why X - IM = (S - I) - (G - T). Now multiply both sides of this equation by 1 to get IM - X = (I - S) + (G - T) And remember that the trade deficit, IM - X, is the amount we have to borrow...
-
Suppose consumption and investment are described by the following: C = 150 + 0.75DI I = 300 + 0.2Y - 50r Here DI is disposable income; Y is GDP, and r, the interest rate, is measured in percentage...
-
Suppose the consumption function is C = $500 billion + 0.9Y and the government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially (before multiplier...
-
Direct materials Fixed manufacturing overhead costs Sales price Variable manufacturing overhead Direct labor Fixed marketing and administrative costs Units produced and sold during the quarter...
-
Provide documentation of a step by step training plan for a beta fish. What will be the primary reinforcer? How will you cue the behavior? What schedule of reminforcement will you use. What is the...
-
On May 1, Soriano Company reported the following account balances along with their estimated fair values: Items Carrying Amount Fair Value Receivables Inventory Copyrights Patented technology Total...
Study smarter with the SolutionInn App