In 2014, Chinas real GDP is growing at 7 percent a year and its population is growing
Question:
In 2014, China’s real GDP is growing at 7 percent a year and its population is growing at 0.5 percent a year. If these growth rates continue, in what year will China’s real GDP per person be twice what it is in 2014?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (9 reviews)
20 37 We can use the formula for compounded annual growth rate to calculate the answer The formula ...View the full answer
Answered By
Isabel Seraspi
I have experience teaching math, science, and English to students of all ages. I have also worked as a tutor in a college setting, helping students with their homework and preparing them for exams.
I believe that tutoring is a great way to help students learn. It allows students to get one-on-one help with their studies, and it gives them the chance to ask questions and get immediate feedback. Tutoring can also be tailored to the individual needs of the student, which is why I believe it is so effective.
I have seen firsthand how tutoring can help students improve their grades and confidence. I have also seen how it can help students who are struggling with a particular subject. I believe that tutoring is a great way to help students learn and succeed in school.
0.00
0 Reviews
10+ Question Solved
Related Book For
Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
Question Posted:
Students also viewed these Business questions
-
If in 2008 Chinas real GDP is growing at 9 percent a year, its population is growing at 1 percent a year, and these growth rates continue, in what year will Chinas real GDP per person be twice what...
-
If in 2010 Chinas real GDP is growing at 9 percent a year, its population is growing at 1 percent a year, and these growth rates continue, in what year will Chinas real GDP per person be twice what...
-
A country's real GDP is growing at an annual rate of 3.1 percent, and the current rate of growth of per capita real GDP is 0.3 percent. What is the population growth rate in this nation?
-
To compute trend percents the analyst should: A. Select a base period, assign each item in the base period statement a weight of 100%, and then express financial numbers from other periods as a...
-
List and explain the five categories of human needs identified by Abraham Maslow. Why are the needs arranged in a hierarchy?
-
Vintage Carriage Company offers guided horse-drawn carriage rides through historic Camden, South Carolina. The carriage business is highly regulated by the city. Vintage Carriage Company has the...
-
Paymore Shoes acquired 80 percent of the voting stock of Spire Footwear on February 1, 2014, for \($21\) million. The fair value of the noncontrolling interest at the acquisition date was \($3\)...
-
The income statement of Toby Zed Company is presented here. Additional information: 1. Accounts receivable increased $200,000 during the year, and inventory decreased $500,000. 2. Prepaid expenses...
-
You manage a risky portfolio with an expected rate of return of19% and a standard deviation of 30%. The T-bill rate is 4%. Yourclient chooses to invest 75% of a portfolio in your fund and 25% ina T 2...
-
How people use, access, and discover data in business is being actively disrupted by tablets, which had been designed for consumers. Users have higher expectations for data displays and capabilities....
-
Mexicos real GDP was 13,405 trillion pesos in 2013 and 13,805 trillion pesos in 2014. Mexicos population was 118.4 million in 2013 and 119.5 million in 2014. Calculate: a. The growth rate of real...
-
What are the two broad sources of potential GDP growth?
-
________ is an uncertainty that can have a negative or positive effect on meeting project objectives. a. Risk utility b. Risk tolerance c. Risk management d. Risk
-
Required: Using the information below, prepare a multi-step income statement for the year ended December 31, 2025, for Campbell Corporation. Management policy is to create a separate other...
-
a. b. C. Net Income (Loss) $ 171,000 165,600 145,350 d. 174,100 Interest Expense $ 99,180 Income Taxes $ 42,750 41,400 59,616 61,047 10,446 61,047 83,568 Compute times interest earned. Which company...
-
Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 7% return from its investments. Initial investment Net cash flows in: Year 1...
-
Two-Stage ABC for Manufacturing Assume Sherwin-Williams Company, a large paint manufacturer, has determined the following activity cost pools and cost driver levels for the latest period: Activity...
-
ABC operates a catering company. ABC provides food and servers for parties; the company also rents tables, chairs, linens, chocolate fountains, and tableware, and recommends florists on occasion. The...
-
Rachel Sundusky is the manager of the South-Atlantic office of the Stateline Shipping and Transport Company. She is in the process of negotiating a new shipping contract with Polychem, a company that...
-
Using the parallel-axis theorem, determine the product of inertia of the area shown with respect to the centroidal x and y axes. 6 in. 9 in. 9 in- 4.5 in. in. 4.5 in.
-
Calculate Crusoe's opportunity cost of a pound of fruit. Make a table that shows Crusoe's opportunity cost of a pound of fruit as he increases the time he spends picking fruit and decreases the time...
-
If Crusoe currently catches 7 pounds of fish and picks 13 pounds of fruit a day, calculate his opportunity cost of a pound of fruit and of a pound of fish. Explain your answer.
-
If Crusoe increases the fish caught from 7 to 9 pounds and decreases the fruit picked from 19 to 13 pounds, what is his opportunity cost of a pound of fish? Explain your answer.
-
Zachary Manufacturing Company established the following standardprice and cost data:Sales price$ 8.10per unitVariable manufacturing cost$ 3.10per unitFixed manufacturing cost$ 2,100to 2 answers
-
Silven Industries, which manufactures and sells a highlysuccessful line of summer lotions and insect repellents, hasdecided to diversify in order to stabilize sales throughout theyear. A natural ar 2...
-
Shott Farm Supplies Corporation purchased 950 shares of General Motors stock at $53 per share and paid a brokerage fee of $1,500. Two months later, the shares were sold for $56 per share. The...
Study smarter with the SolutionInn App