An economy starts off with a gdp per capita of $5,000. how large will the gdp per capita be if it grows at an annual rate of 2% for 20 years? 2% for 40 years? 4% for 40 years? 6% for 40 years?

Answers

Answer 1

Final Answer:

After 20 years at an annual growth rate of 2%, the GDP per capita would be approximately $6,090. After 40 years at the same rate, it would be around $7,384. At a 4% annual growth rate for 40 years, the GDP per capita would be about $14,877. Finally, at a 6% annual growth rate for 40 years, the GDP per capita would be approximately $26,531.

Explanation:

Economic growth can be calculated using the formula:

[tex]\[ \text{Future GDP per capita} = \text{Initial GDP per capita} \times (1 + \text{Growth Rate})^\text{Number of Years} \][/tex]

For a 2% growth rate over 20 years:

[tex]\[ \$6,090 = \$5,000 \times (1 + 0.02)^{20} \][/tex]

For a 2% growth rate over 40 years:

[tex]\[ \$7,384 = \$5,000 \times (1 + 0.02)^{40} \][/tex]

For a 4% growth rate over 40 years:

[tex]\[ \$14,877 = \$5,000 \times (1 + 0.04)^{40} \][/tex]

For a 6% growth rate over 40 years:

[tex]\[ \$26,531 = \$5,000 \times (1 + 0.06)^{40} \][/tex]

These calculations show the compounding effect of annual growth rates on GDP per capita over time. A higher growth rate leads to a significantly larger GDP per capita due to the compounding nature of economic growth. It demonstrates the importance of sustained economic development and the long-term impact it can have on a nation's prosperity.


Related Questions

Google's android os currently runs just over _____ percent of the mobile phones on the market.

Answers

Android covers just over 80 percent of the current market. The operating system has a large share of the market due to the lowered price of acquiring handsets that are able to run the OS, in comparison to Apple handsets. Android-capable cell phones are typically a rate of one-half to one-tenth as expensive as a comparable Apple mobile phone.

Answer:

75.39

reasoning is because i red it in the artcle

An example of disintermediation is when the traditional retailer or service provider is reduced or eliminated in a supply chain. question 7 options:
a. True
b. False

Answers

Answer: (a.) TRUE

Disintermediation involves reducing or eliminating one or more steps such as middleman or intermediaries in a supply chain. It means removal of middleman in a business process. It occurs when the inflation rates are high.

In the marxian framework, the __________ comprises those who own and control the means of production

Answers

The bourgeoisie, or capitalists, are made up of those who own and control the means of production. However, they do very little actual labor. The labor is done by the working class, or the proletariat, who have been separated from their capital, the fruits of their labors.

The process in which a new idea or a product spreads from one culture to another

Answers

the answer


cultural diffusion

The number of employees that work in state and local criminal justice agencies is:

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The number of employess that works in the state and local justices agencies, according to the research and studies, the number of employees who are involved with this type of job is about over one million base on the study provided.

Strip mining is often involved in the production of what

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Strip Mining is a technique used for near-surface, relatively flat sedimentary mineral deposits. How deeply the mining can occur is fundamentally determined by the combination of technological abilities and the economics involved.The most usual association of strip mining is the production of coal. Strip mining for coal includes over half of the land that is strip-mined, which totaled less than 0.3% of land in the United States between the years 1930 and 1990. 

David, an extravert, and tom, is an introvert, are studying in a small room with the television's volume is quite loud. based on what you know about genotype-environment interactions, what can you say about how effectively the two are studying?
a. david will find the television much more distracting than tom will.
b. tom will find the television much more distracting than david will.
c. both david and tom will start watching television and scheme to move the test back one week.
d. tom will most likely study better then david due the background noise of the television.

Answers

b because tom likes to be alone and to himself more often

Imagine that someone offers you $100 today or $200 in 10 years. you would prefer to take the $100 today if the interest rate is

Answers

to have money now and not in 10 years 

Between 1870 and 1900, the number of children younger than 16 working for wages rose from 700,000 to

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Not only hazard but child labor rise steeply. Between 1870 and 1900 the number of children – typically under 16 and paid a portion of what adults made – grow from 700,000 to over 1.7 million. But why industrial workplaces were so unsafe because there were insufficient laws that required welfare be measured in the workplace, so most bosses decided that it was needless to implement preemptive measures.

Since the mid 1970s, the united states has _____. been the largest exporter of clothing in the world had a significant trade deficit had a significant trade surplus shifted from a flexible exchange rate system to a fixed rate

Answers

Since the mid 1970s, the United States has had a significant trade deficit. 

The answer is: significant trade deficit.

Up until this year, the united states' trade deficit has exceeded $ 500 Billion. This shows that since the mid 1970s, united states has spend more money in importing products compared to exporting products.

This number is extremely worrisome in the perspective of economic experts since as one of the most industrialized nation in the world, united states supposed to be able to produce higher amount of goods in lower price and win the competition in the international scale.

In order to disaffirm a contract, a minor must _____.

Answers

The minor must use the infancy doctrine. They can disaffirm at any time before reaching the age of majority under this standard. This allows a person under such an age to rescind the contract and receive compensation for the property (or concepts) in question.

Reductions in the variance of risk in a portfolio of stocks can only be accomplished when the the correlation among the stocks is:

Answers

A variance of risk in a portfolio of stocks can be reduced when the correlation among the stocks or two stocks is negative. In reality, perfect negative correlation is difficult to attain (if not impossible). A company must split its assets or attempt to find several assets that respond to different forces in the economy. When one asset is losing, there’s a good chance that the other one is gaining. 

The reductions in the variance of risk can only be completed when the moves are negatively correlated.

Further Explanation:

Risk in the portfolio:

The stocks involve both systematic risk and unsystematic risk, but only unsystematic risk is diversified. The diversification refers to the procedure of combining different kinds of securities in the portfolio to reduce the risk.

The correlation is used to determine the relationship between two securities in the portfolio. The link between the correlation and diversification is as follows:

Negative correlation: If the two stocks are negatively correlated means that both the stock will move in the opposite direction.

Positive Correlation: If the two stocks are positively correlated means that both the stock will move in the same direction.

Uncorrelated: If the two stocks are uncorrelated means that each stock move independently of the other stock.

Therefore, if the stocks are negatively correlated, the risk of the portfolio can be reduced because both the stocks move in the opposite direction.

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Answer details:

Grade: High School

Subject: Security Analysis and Portfolio Management

Chapter: Risk Analysis

Keywords:  Reductions in the variance of risk in a portfolio of stocks, can only be accomplished when the correlation among the stocks, risk analysis, negative correlation, positive correlation.

_____ of the sarbanes-oxley act addresses issues related to corporate and criminal fraud accountability. title i title xii title xiii title viii

Answers

The Title VIII of the sarbanes-oxley act addresses many issue related to criminal fraud and corporate accountability. In the sarbanes-oxley act title VIII addresses the issue that are related to corporate and criminal fraud accountability. Fraud is a crime and itself can be a civil wrong.

John received a rough draft of a project outline that he wasn't satisfied with. Which method should he use to convey non-positive feedback?

A. Email
B. Face-to-face
C. Fax
D. Memorandum

Answers

John received a rough draft of a project outline that he wasn't satisfied with. Fax, is method should he use to convey non-positive feedback. Thus, option (c) is correct.

Fax because is method is send away of a written physical entity that is analysed which is sent directly to an someone in means of not having to receive any non-positive natural process at all as this does not require any reply from the receiving system.

Fax is better option in comparison to another option such as email, face-to-face, and memorandum, social media. It was the better option to send message with the help of letter to take easy to answer the bill of exchange.

As a result, the significance of the method should he use to convey non-positive feedback are the aforementioned. Therefore, option (c) is correct.

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Answer:

It's B

Explanation:

Which of the following describes an effective strategy for protecting yourself against identity theft?

Answers

Avoid using unsecured wireless networks. 

Susanna wanted to check out a new salon in her locality, so she decided to go for a hair styling session. she was very happy with the way her stylist connected and related with her concerns. she is judging the service based on its ________.

Answers

people and it's friends 

The approach used by Susanna, to judge the the service of the new salon in her locality is based on its functional quality or service quality.

What is service quality?

In its modern definition, service quality is a comparison of perceived expectations (E) of a service with perceived performance (P), giving rise to the equation SQ=P-E. The expectancy-disconfirmation paradigm inspired this approach to service quality.

A company that provides high-quality service will meet or exceed customer expectations while remaining competitive. Empirical evidence suggests that improved service quality boosts profitability and long-term economic competitiveness. Service quality can be improved by improving operational processes, quickly and systematically identifying problems, establishing valid and reliable service performance measures, and measuring customer satisfaction and other performance outcomes.

Therefore, Susanna is judging the service based on its service quality.

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An assembly line is an example of which type of Labor strategy

Answers

Answer:

The correct answer is division of labor.

Explanation:

Final answer:

An assembly line is an example of Division of Labor strategy, where tasks are split among different workers or groups for increased efficiency. It was popularized by Henry Ford in the production of the Model T and is fundamental to mass production methods.

Explanation:

An assembly line is an example of a Division of Labor strategy. This type of labor strategy entails the breakdown of complex tasks into simpler ones that can be executed efficiently by different workers or groups. Each individual or group on the assembly line specializes in one part of the manufacturing process, enhancing the overall productivity of the firm. This strategy, popularized by Henry Ford in 1913 with the production of the Model T, has been crucial for mass production in various industries.

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Advertisements are a form of personal communication directed to specific consumers. True False

Answers

the answer is trueeeee

When energia, a soft drink manufacturer, seeks to use viral ads on the internet to introduce its new beverage to the consumers even before introducing it to supermarkets, it uses a:?

Answers

Final answer:

Energia is engaging in a pre-launch advertising strategy using viral ads to create buzz for its new beverage before it hits supermarket shelves. This online campaign is part of a synergistic advertising practice aimed at building brand awareness within the attention economy. The shift to digital enables targeted, interactive, and cost-effective marketing, especially for reaching a younger, technologically advanced audience.

Explanation:

When Energia, a soft drink manufacturer, seeks to use viral ads on the internet to introduce its new beverage to the consumers even before introducing it to supermarkets, it is employing a pre-launch advertising strategy. This approach is part of a larger synergistic advertising practice, where the goal is to create a cohesive brand message across different media platforms. Given the shift in consumer attention towards digital channels, employing an online viral campaign takes advantage of the Internet's reach and its potential for content to be shared rapidly among users. This technique can build buzz and brand awareness, which may encourage customers to seek out the product once it is available in physical retail locations.

One of the core aspects of such a strategy is leveraging the attention economy, where capturing the consumer's attention amid countless distractions is vital. Traditional means of advertising such as billboards, commercials during sporting events, and even point-of-sale displays are interwoven with online strategies to create an omnipresent brand image, much like the example of Miller beer at a sports stadium. However, the digital pivot allows for more targeted and often cost-effective marketing campaigns, which are especially significant for reaching younger, tech-savvy audiences. These online ads can be drastically different from television, being more interactive, customizable, and potentially having a global reach beyond conventional media's limitations.

The landscape of advertising is continually adapting to consumer behavior and technological advances. Companies such as Coca-Cola and Corona have notably pivoted towards these modern practices, like Corona associating their brand with luxury and leisure without directly commenting on the product's taste. As digital media usage grows, brands like Energia must innovatively employ viral marketing to secure their position within the competitive market and engage effectively with tech-savvy, educated, professional demographics.

A truck costs $9,200 with a residual value of $1,000. it is estimated that the useful life of the truck is four years. the amount of depreciation expense in year 2 using the declining-balance method at twice the straight-line rate is:

Answers

Final answer:

The question seeks to determine the second-year depreciation expense for a truck using the declining-balance method, but additional information is required to calculate this accurately, such as the depreciation rate or first year's depreciation amount.

Explanation:

The student's question involves calculating the amount of depreciation expense in the second year using the declining-balance method of depreciation, at twice the straight-line rate for a truck. Unfortunately, with the given information, there is not enough detail to complete the calculation, as we require the initial rate of depreciation or the declining-balance rate to calculate the depreciation for year two. The declining-balance method involves applying a fixed rate to the net book value of the asset at the beginning of each year to determine that year's depreciation expense.

However, in general, for the declining-balance method at twice the straight-line rate, you would initially calculate the straight-line depreciation rate, which in this case is 25% annually, because the truck's useful life is 4 years (100% / 4 years = 25% per year).Then you would double this rate for the declining balance method, resulting in a 50% annual depreciation rate. To calculate depreciation for the second year, you would take the remaining book value of the truck after the first year's depreciation and multiply it by 50%.

For this specific question, additional information is required to perform the calculation. It is essential to provide the missing rate or to have information about the first year's depreciation to proceed with an accurate answer.

If a presentation features numerous slides in a row that all have the same general look and a user needs to see the slides and reorder them based on the text in their headings, which method would be the most advantageous for the user?
a.using the left pane in the Normal view, because the user can most quickly scroll through thumbnails of the slides
b.using the left pane in the Normal view, because the user can edit text and images in the slides in the thumbnails
c.using the Slide Sorter view, because it shows full-size images of the slides that will appear in the Slide Show
d.using the Slide Sorter view, because it can show larger slide previews that make the text easier to read

Answers

C: 
using the Slide Sorter view, because it can show larger slide previews that make the text easier to read

Answer:

a.using the left pane in the Normal view, because the user can most quickly scroll through thumbnails of the slides

Explanation:

using the normal view, it is very easy to reorder the slides quickly and easier.

a slide can not be used to reorder but only to show larger slide preview, therefore the correct option is "a".

a.using the left pane in the Normal view, because the user can most quickly scroll through thumbnails of the slides

If a prospective home buyer simply changes his or her mind after putting up earnest money, he or she usually forfeits the money.
a. True
b. False

Answers

the answer for this question is true

Which type of pay is similar to pay structures based on individual characteristics such as skill or knowledge but usually refers to a plan that covers exempt employees?

Answers

Competency-based pay is type of pay that is similar to pay structures based on individual characteristics. This type pf pay refers to a plan that covers exempt employees. According the competency-based pay approach employees are rewarded based on their skills, knowledge and experience they apply in the workplace, and not based on their position or job title.

Theo works at a fast food restaurant. his boss has asked theo if he is willing to take more shifts. if theo decides to take on the extra work he will be trying to juggle 20 hours of part-time work and full-time high school. according to research, if theo is a typical adolescent, what might we conclude about the potential effects of the increased hours?

Answers

the fact that his school work may end up slacking or he is ambitious and will achieve what he wants to

Approximately what percentage of wealth is owned by the top 20 percent of american households?

Answers

Approximately 88% of wealth is owned by the top 20% of the population.

Approximately 88 percent of wealth is owned by the top 20 percent of American households.

What is the Wealth?

Wealth is the profusion of priceless material or financial things that can be transformed into a form usable for commerce. This also encompasses the fundamental meaning of the Old English term weal, which derives from an English bilingual word stem.

A collection of valuable financial resources that may be valued in terms of physical products or monetary worth is referred to as wealth. The most widely used indicator of wealth is net worth, which is calculated by adding up the market values of all of an individual's tangible and intangible possessions, then deducting any debts.

Net worth is the sum of a person's or a family's assets, such as money in savings or investment accounts, and their liabilities, such as loans and mortgages.

The acquisition of a sizable sum of money, real estate, or other priceless items is referred to as wealth. Money from wealth enables you to achieve your long-term objectives. Even if you are not currently employed or earning, it still provides a reliable source of income. This might be a fantastic method to guarantee financial flexibility and support your loved ones as they continue to live comfortable, abundant, and secure lives.

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The three primary areas of our lives that should be in balance are

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I think the three primary areas of our lives that should be in balance are the following:
1.  Relationship with family and friends. This should stay sound and satisfying. Remember to be in good terms to all people that you're involve with
2.  Work. To find a perfect work is a difficult one but once you found it your time/life would be meaningful.
3.  Lifestyle. We should maintain healthy and a good lifestyle.

Jackson was interested in purchasing low-value securities that were not listed on the nyse. he probably used _____ to complete his transaction.

Answers

Final answer:

Jackson likely used OTC (Over The Counter) markets to purchase low-value or 'toxic assets' securities not listed on the NYSE. The Federal Reserve used similar methods during the financial crisis to stabilize the financial system by buying such risky assets.

Explanation:

Jackson probably utilized an over-the-counter (OTC) market to complete his transaction. An OTC market is a decentralized market where the trade of financial instruments, like bonds or derivatives, does not occur on a centralized exchange such as NYSE. It takes place via a network of intermediaries, typically on a dealer network. OTC markets are often used for trading low-value securities or toxic assets, like private mortgage-backed securities, which are not listed on the main, formal exchanges.

For example, during the financial crisis when the housing market collapsed, the Federal Reserve began purchasing these toxic assets (alongside Treasury securities) in their Quantitative Easing (QE) program to help stabilize the financial system. The central bank had never made such purchases before. Interestingly, this removed potentially risky assets from the private financial firms' balance sheets and pushed long-term interest rates down.

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Lucinda buys a new gps system for​ $250. she receives consumer surplus of​ $75 from the purchase. what value does lucinda place on her gps​ system

Answers

Need more answer choices

hannah accidentally overpaid her last credit card bill and has sent a written request for her bank to refund her difference. How soon can she expect the refund?
A) 10 days
B) 5 to 10 days
C) 2 billing cycles 
D) 7 days

Answers

The correct option is D.
When one overpaid her credit card bill and request for refund, the overpaid amount must be return unto her within seven business days. This is one of the rules that were put in place by Federal Reserve Board. The rule, which is also called Regulation Z requires all lenders to declare the terms of their loans.

Answer:

7 days --APEX

Explanation:

A typical hard drive has an arm, a read/write head, and:

Answers

Actuator and actuator arm and axis. A hard drive is one of the important parts of a computer. Hard drives are used a permanent storage box for data that are collected by the user. It can store the operating system on the computer, created files, pictures and much more.
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