The gross domestic product (GDP) of a country was $112 billion in 2001. If the GDP grows at a constant rate of 4.3% per year, in what year will the GDP be greater than $200 billion

Answers

Answer 1

Answer:

The GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.

Explanation:

To calculate the GDP in a particular year after 2001, we know the equation will be,

GDP = 112 * (1+0.043)^t

Where,

t is the time in years

If we want to calculate the year in which GDP will be greater than 200 billion, we need to substitute the GDP part in the equation with amount of say 200 billion.

200 = 112 * (1+0.043)^t

200 / 112 = (1.043)^t

1.785714286  =  (1.043)^t

Taking log on both sides and dividing the equation for t.

log(1.785714286) / log(1.043)  = t

t = 13.772 years rounded off to 14 years

So, the GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.


Related Questions

A wholesaling firm has a computerized billing system. Because of a clerical error while entering information from the sales order, one of its customers was billed for only three of the four items ordered and received. What controls could have prevented, or resulted in prompt detection and correction, of this situation?

Answers

Answer:

Explanation:

The best prevention method for such a scenario would have been matching line control counts produced by the computer with predetermined line control counts.  This is because line control counts, work by identifying undesirable events as they occur by comparing the counted line items on a document with the predetermined line control counts for each document in order to detect missing lines and prevent errors in billing such as the one in this scenario.

An attribute is a characteristic or property of an entity. if person is an entity, would the same attributes be used to describe a person in different databases that store medical, student, and fitness club data? why or why

Answers

The attribute is a character or the property of the entity and can be related to the person and is an entity. Thus the answer is members' data.

What does the attribute that tells about ?

The attribute can be used for understanding the different people and can be used to analyze their personalities on the basis of the data gathered.

The attribute tells us about the quality or the nature and relates to the ideas and the philosophies. The attributes of the club members can be told from watching their data.

Hence it's based on the data stored in the medical database.

Find out more information about the characteristic.

brainly.com/question/3661510.

assume that your roommate is very messy. According to campus policy, you have a right to live in an uncluttered apartment. Suppose she gets an $80 benefit from being messy but imposes a $60 cost on you. The Coase theorem would suggest that an efficient solution would be for your roommate to

Answers

Answer:

her to pay you at least $60 but less than $80 to live with the clutter

Explanation:

The Coase theorem states that when transaction cost is low, all parties involved will be able to bargain and reach an efficient outcome that benefits both parties. Based on this the efficient solution would be for her to pay you at least $60 but less than $80 to live with the clutter. Making it higher than the cost imposed on you but less than her benefit, thus ultimately benefiting both parties.

Most organizations with strong cultures and a sound system of rewards and incentives can eventually internalize boundaries rather than use explicit rules and regulations. What is the technique for moving in that direction?

Answers

Answer: minimize training and indoctrination.

Explanation:

From the question, we are informed that most organizations with strong cultures and a sound system of rewards and incentives can eventually internalize boundaries rather than use explicit rules and regulations.

The technique for moving in that direction is to minimize training and also indoctrination. It should be noted that organizations should employ people who already possesses the culture of the organization. This will help to reduce training and also makes the goals of the said organization to be achieved quickly.

In the language of global marketing, ________ is the phrase used to describe advertising that represents a middle ground between 100% standardization and 100% localization.

Answers

Complete Question:

In the language of global marketing, ________ is the phrase used to describe advertising that represents a middle ground between 100% standardization and 100% localization:

Group of answer choices

A) "stereotype advertising"

B) "template advertising"

C) "cookie-cutter advertising"

D) "compromise advertising"

E) "pattern advertising"

Answer:

E) "pattern advertising"

Explanation:

In the language of global marketing, pattern advertising is the phrase used to describe advertising that represents a middle ground between 100% standardization and 100% localization (adaptation).

Companies that have their businesses across the world are poised with the question of how to advertise; whether to use a single (standard) advert in all of their business locations (countries) or to diversify their adverts. A pattern advertising is an effective marketing strategy to help them answer this question. It is a combination of 100% standardization and 100% localization.

Seller Dayne was made aware by the trustee that the lender was wanting to proceed with foreclosure on his property. What type of financial agreement does Seller Dayne have with this lender

Answers

Answer:

Promissory agreement and Deed of trust.

Explanation:

In this scenario, Seller Dayne was made aware by the trustee that the lender was wanting to proceed with foreclosure on his property. The type of financial agreement that Seller Dayne have with this lender is a Promissory agreement and Deed of trust.

A promissory agreement can be defined as an evidence of a debt and as such involves the use of a legal financial tool such as a promissory note as a written promise to declare that a party (borrower) would pay another (lender) at a specific period of time.

On the other hand, a deed of trust can be defined as a legal document used by a party (borrower) to pledge his or her property to another party (lender) as guarantee or collateral for the repayment of a loan. The deed of trust is typically made up of three (3) parties; the lender, borrower and a trustee.

Additionally, a foreclosure on a property refers to a legal procedure whereby the property being pledged by a borrower for a debt is sold to pay off the debt as a result of defaulting in payments or terms with respect to a loan.


Disutility has to do with having product offered at the right time of day, week or year.

Answers

Answer:

Time

Explanation:

Berning Company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimated life of 8 years, or 10,000 hours of operation. The tractor was purchased on January 1, 2016 and was used 2,400 hours in 2016 and 2,100 hours in 2017. On January 1, 2018, the company decided to sell the tractor for $70,000. Berning uses the units-of-production method to account for the depreciation on the tractor. Based on this information, the entry to record the sale of the tractor will show:

Answers

Answer:

$38,000 loss

Explanation:

For calculation of entry to record the sale of the tractor first we need to determine the total depreciation and net book value on Jan 1, 2018 which is shown below:-

Total depreciation = (Tractor cost - Salvage value) × (Hours in 2016 + Hours in 2017) ÷ Hours of operation

= ($180,000 - $20,000) × (2,400 + 2,100) ÷ 10,000

= $72,000

Net book value on January 1, 2018 = Tractor cost - Total depreciation

= $180,000 - $72,000

= $108,000

Loss on sale = Sold tractor amount - Net book value on January 1, 2018

= $70,000 - $108,000

= $38,000

can i have friendsssssssssssssssssssssssssssssssssssss

Answers

Answer:

Sure lol

Explanation:

I'll send ya a friend request then lol

*ultimate lonely call received and returned*

Your boss told you that she is giving you a 5% raise starting with your next paycheck. You are very pleased to hear this good news until you learn that some of your coworkers earned a 10% raise. Now you are unhappy and angry about your raise. Your experience is best explained in terms of

Answers

Answer: The relative deprivation principle

Explanation:

The relative deprivation principle is based on a concept that an individual feels cheated of some event or happening when they hear that same people who participated in such event gained better than them. This is a normal occurrence in many offices as regards promotions; when an individual gets to discover that their was a general raise in pay but his was the smallest ratio amongst the other person's, he would feel deprived. Also such scenario do happen in promo being carried out in business between end users who don't get the same promo price despite they feel they were supposed to get same.

Employee recognition programs have been found to be associated with increased employee ________. self-esteem citizenship behaviors job satisfaction self-esteem and job satisfaction self-esteem, citizenship behaviors, and job satisfaction.

Answers

Answer:

self-esteem and job satisfaction

Explanation:

Employee recognition programs make workers feel they are appreciated and that the work they do is relevant to the firm they work for. It is also makes them feel recognised by their company. These increases self-esteem and job satisfaction

create a bulleted list of four descriptive terms describing possible backgrounds a person may have

Answers

Answer with Explanation:

The possible descriptive terms which describes the background a person may have are listed below:

He might be happy, sad or crazy.Honesty values that the person have.Quick Learner, innovator or creative personHe might be introvert or extrovert.He might be welcoming diversity.

There are number of descriptive terms that can shed light on the behaviour and background of the person.

Record the following transactions of Sumanto, Kochi in Two-column Cash Book and balance the book on 31st January, 2018: 2018 Jan1. Cash balance Rs.1,000, Jan1. Bank balance Rs.14,500 Jan1. Cash received from sale of shares* Rs.60,000 Jan2. Paid into bank Rs.50,000 Jan3. Purchased goods from M/s.Agarwal and Co. Rs.13,000 Jan4. Paid wages Rs. 2,500. Jan5. Received from Mohan a cheque for Rs.9,800 against due of Rs.10,000 in full settlement of his account. Jan8. Mohan’s cheque deposited into bank Jan14. Paid for stationery Rs. 500. Jan18. Bought goods Rs.6,720 Jan19. Paid Shyam by cheque Rs.3,700. Discount received from him Rs.300. Jan20. Drew from Bank Rs.3,000 Jan22. Cash drawn from Bank for personal use Rs.2,000. Jan24. Cash Sales,Rs. 1,900. Jan27. Received from Sharma Rs.18,000. Discount allowed Rs.500. Jan28. Deposited cash into Bank Rs.15,000. Jan28. Gave cheque for cash purchases Rs.2,240 Jan30. Paid rent by cheque each Rs.2,000

Answers

Answer:

Sumanto, Kochi

Two-Column Cash Book

Date   Description  Cash  Bank  Dis.  Date  Description  Cash   Bank  Dis.

                                                    All'd                                                     Rec'd

Jan. 1  Balance      1,000  14,500         Jan. 2  Bank        50,000

Jan. 1  Shares    60,000                      Jan.14  Stationery     500  

Jan. 2 Cash                    50,000          Jan.18  Purchase   6,720

Jan. 8 Mohan                   9,800  200 Jan.19 Shyam                    3,700  300

Jan.20 Bank       3,000                        Jan.20 Cash                     3,000

Jan.24 Sales       1,900                        Jan.22 Drawings              2,000

Jan.27 Sharma 18,000               500  Jan.28  Bank       15,000

Jan.28 Cash                  15,000           Jan.28 Purchases            2,240

                                                            Jan.30  Rent                     2,000

                                                           Jan.30  Balance  11,680 76,360          

                       83,900  89,300  700                             83,900 89,300   300

Feb. 1  Balance 11,680  76,360

Explanation:

Sumanto, Kochi's two-column Cash Bank shows two columns for cash and bank on the debit and credit sides and also the discount allowed and discount received on the debit and credit sides respectively.

According to Census Bureau and Federal Reserve surveys, about 50 percent of all new businesses begin with less than ____ in total capital

Answers

Answer: $30,000

Explanation:

Many businesses take a careful capital when starting up their firms. Many do so due to their capability while others do so to monitor the growth of the already invested, then invest much more when when they've witnessed growth with the business. Census Bureau and Federal Reserve surveys, about 50 percent of all new businesses begin with less than $30,000 in total capital.

If employees are to be empowered to truly make a difference, they must have the power to make _____ decisions.

Answers

Answer:

substantive.

Explanation:

Substantive decisions in a company are those that will directly influence organizational results.

In centralized organizations, decision-making processes are essentially taken at the top of the hierarchy, it is only the leader who makes important company decisions.

In a decentralized organization, however, there is greater flexibility, which consists of integrating the decision-making process at all hierarchical levels, as it is believed that there is a reduction in the response time of the decision, greater understanding of the problem by employees who are experiencing it and motivate them and increase their job satisfaction.

Assume that chips cost $1 and soda costs $2. If the consumer has $14, the combination of goods that would maximize his utility per dollar and remain within his budget would be

Answers

Answer:

The remaining amount that the consumer would have would be $11

Explanation:

If the person originally had $14 but spent $3 all together on their items they would remain with the amount of $11.

(I hope this helps, I'm not sure if it's exactly what you were looking for but it's something so...)

Who is required to pay for the subdivision information under the TREC Addendum for Property Subject to Mandatory Membership in a Property Owners Association?

Answers

Answer:

The buyer

Explanation:

TREC is Texas real estate commission, a state agency under Texas staye government. Established in 1949, the agency governs real estate practices and protects consumers of real estate .

Some homeowners and homeowners association require buyers who wish to buy property to cover certain costs in transfer of ownership of the property. The costs and who covers them is covered under TREC Paragraph C, Fees of the Addendum for Property Subject to Mandatory Membership in a Property Owners Association (TAR 1922, TREC 36-8). According to the law the buyer will pay for all costs and fees in transfer except for fees covered in Paragraphs A, D, and E.

Integrated logistics management refers to the practices used to control the ______ of products (and the associated costs) so that there is a continuous and uninterrupted flow of ______ from suppliers to manufacturers to the final consumers.

Answers

Answer:

Integrated logistics management refers to the practices used to control the movement of these products (and the associated costs) so that there is a continuous and uninterrupted flow of materials and products from suppliers to manufacturers to the final consumers.

Explanation:

Because each supply chain process should add value to the products or services a company produces, a supply chain is frequently called a __________ chain.

Answers

Answer:

value

Explanation:

because the process is adding values to product

In a purchases-payables computer system, a purchase order is created after which document has been processed?

Answers

In a purchases-payables computer system, a purchase order is created after which document has been processed?

Discuss the primary goals of expansionary and contractionary fiscal policies and their effects on unemployment rates, inflation rates, interest rates, private investment, and GDP.

Answers

Answer:

The primary goals of expansionary and contractionary fiscal policies and their effects on unemployment rates, inflation rates, interest rates, private investment, and GDP:

Country A pursues expansionary fiscal policy in order to grow the economy and create full employment.  For example, If Country B decides to cut tax rates or increase government spending, shifting the aggregate demand curve to the right , then it wants the economy to expand.

On the other hand, US Congress can also decide to raise tax rates or cut government spending, thus shifting aggregate demand to the left.

Explanation:

Country A's expansionary fiscal policy reduces the unemployment rates, increases inflation rates, interest rates, private investment, and GDP.

The US contractionary fiscal policies ensure that the unemployment rate is increased, while inflation and interest rates are reduced.  There is also reduced private investment and GDP as a result of the contractionary fiscal policies.

When a magazine company collects cash for selling a subscription, it is an example of: Group of answer choices

Answers

Answer:

A deferred revenue transaction

Explanation:

Magazine subscriptions are payments made for future editions of a magazine. When the magazine is eventually produced it is delivered to the customer.

So when the magazine company collects cash for a subscription they are being paid for a service that is not yet rendered.

As revenue is recognised when the when it is earned (when service has been rendered), this is classified as a deferred revenue transaction.

Conjoint studies are run to understand how consumers make a. impressions. b. trade-offs. c. money. d. observations.

Answers

The answer is B. trade-offs

Conjoint studies are run to understand how consumers make trade-offs. Option (b) is correct.

Conjoint analysis is a statistical technique for market research that quantifies the key attributes that customers find most appealing in a specific good or service. Businesses can gather exact audience data through conjoint analysis to make better decisions regarding their products and prices.

Companies use conjoint analysis, a type of statistical analysis, in market research to comprehend how customers value various aspects or qualities of their goods or services.

Learn more about conjoint, here;

https://brainly.com/question/13677418

#SPJ6

The US economy is a command economy.
A. True
B. False

Answers

Answer:

hmmmm i'd say true if not then false

9. You decide to run a landing page experiment to test a new carousel which highlights your top performing products. Which two reports could you use to determine which products to highlight? (select two)

Answers

Answer:

Product Performance and Ecommerce Overview

Explanation:

These are the options to the question;

Shopping Behavior Analysis

✓Product Performance

✓Ecommerce Overview

✓Sales Performance

Whenever you decide to run a landing page experiment, to test a new carousel which highlights your top performing products, the two reports that could be use to determine which

Products to highlight are Product Performance and Ecommerce Overview.

Product performance is essential to test a new carousel which highlights your top performing products so that the functionality part of the product can be known.

E-commerce overview is crucial to test a new carousel which highlights your top performing product because e-commerce gives the insight to buying and selling of the products.

Records show that Banker Fred has increased the interest rate on all loans to Native Americans by an additional 3%. Has Banker Fred violated any laws?

Answers

Answer:

Yes, this would be viewed as discriminatory

Explanation:

Based on this scenario it can be said that Yes, this would be viewed as discriminatory. Since Fred increased the interest rate ONLY on those individuals whose race is that of Native American then that is disrimination of the basis of race. Which they can be sued for doing this since the Equal Credit Opportunity Act (ECOA) prohibits credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because you get public assistance.

Calvin is buying his first home. He has been saving and saving for years. The home he is buying has a price of $300,000 and Calvin has a down payment of $75,000. Calvin's loan is considered:

Answers

Answer: low risk

Explanation:

Low risk loans are the loans that are collected by economic agents such as individuals, firms and the government which has a low risk or low interest rate.

Since the home Calvin is buying has a price of $300,000 and Calvin has a down payment of $75,000. It so considered a low risk loan.

Cake Mart understated its ending inventory in the current year by $5,000. The company incorrectly reported net income of $100,000. Determine the effect of the error on the financial statements.

Answers

Answer:

C. Cost of goods sold will be too high by $5,000, and this caused net income to be understated by $5,000

Explanation:

In this scenario, the final stock is understated by $5,000 which indicates that the cost of the products sold is overestimated by $5,000 which affects the net profit by understating the $5,000 amount

As if the portion of the stock is impacted, it influences the cost of the products sold that eventually impacted the net profit. And the correct net sales will be $95,000 ($100,000-$ 5,000)

"The legislation that requires a broker-dealer's research analysts to be completely separated from that firm's investment banking department is the:"

Answers

Answer:

Sarbanes-Oxley Act of 2002.

Explanation:

Sarbanes-Oxley Act of 2002 is a legal framework which was passed by the 107th U.S Congress on the 30th of July, 2002. The law required that investment banking be completely made rid of research analysts who works at a broker-dealer firms, so that the analysts are not influenced to write favorable reports to enhance their potential investment banking businesses.

Hence, the legislation that requires a broker-dealer's research analysts to be completely separated from that firm's investment banking department is the Sarbanes-Oxley Act of 2002.

It is a law that imposes a stiffer penalty for any securities related law break offence by the accountants, auditors etc by mandating strict reforms to the existing securities regulations.

Basic activities in every accounting department, including sales order processing, accounts receivable, inventory and purchasing, accounts payable, and payroll, are recorded in the _______.

Answers

Answer:

General ledger

Explanation:

A general ledger in accounting is a book pf account that is meant to record the business' transaction entries towards the preparation of the income statement and the statement of financial position.

It records activities like sales order processing , accounts receivable , inventory and purchasing , accounts payable and payroll

We have two types of general ledger which are private ledger that records transaction on salaries , wages and capitals , and nominal ledger that records transaction on expense , income , depreciation etc.

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