The rule of 70 is a technique used to forecast how many years would take to a variable to double its value. It consists on dividing number 70 by the growth rate of the variable of interest, which in this case is the GDP of countries A and B.
According to the rule of 70, let's compute how long will take for the GDP of each country to double:
Country A: 70/2.8= 25 yearsCountry B: 70/1.4= 50 yearsAs the growth rates are constant, it is possible to compute the exact value of the GDP of each country in 100 years time using the number of years for output duplication.
Country A duplicates its growth every 25 years. Hence, it will happen 4 times in 100 years. In year 25, the output will be $100,000. In year 50, it will duplicate again and reach $200,000. The third duplicate will take place in year 75 and GDP will sum $400,000. Finally, in year 100 it will duplicate one last time and country A will end up the century with a GDP per capita of $800,000.Country B duplicates its growth every 50 years. Therefore, it will happen twice in 100 years. In year 50, the output will be $100,000. In year 100, the last duplicate will take place, and country B will end up with a GDP per capita of $200,000.Difference between the GDP per capita for the two countries will be $600,000 by using the rule of 70 which calculate how much time will country take to double its GDP.
What is GDP and its valuation?Gross domestic product (GDP) is the total sum of goods and service produced within the country over the specific period the time.
Rule 70 is method to calculate the number of years for a variable by using its growth rate.
Formula to calculate:
[tex]\text{Rule 70} =\dfrac{70}{\text{Growth rate} }[/tex]
for Country A 70/2.8 = 25years
for Country B 70/1.4 = 50 years
Country A double his GDP in 25 years as its growth rate is constant.
In initial stage GDP per capita of country A is $50,000
After 25 years later it become double of it $100,000
After 50 years ...................................................... $200,000
After 75 years ....................................................... $400,000
After 100 years ...................................................... $800,000
GDP of country A after 100 years it will be $800,000
Country B double its GDP in every 50years
In initial stage GDP per capita of country B is $50,000
After 50 years later it become double of it is $100,000
After 100 years ...................................................... $200,000
[tex]\begin{aligned}\text{Difference}&=\text{GDP Country A}-\text{GDP Country B}\\ &=\$800,000-\$200,000\\ & =\$600,000\end{aligned}[/tex]
Therefore difference between two counties after 100 years will be $600,000
Learn more about GDP here:
brainly.com/question/4131508
When returning from sea, a green navigational buoy should be passed in what manner
When returning from sea, a green navigational buoy should be passed in and always kept on the port side of the vessel.
When returning from sea, a green navigational buoy should be passed in and always kept on the port side of the vessel.
What is sea navigation?When producing from the sea a green navigational buoy should be held to the port side of the vessel.
Sea navigation exists as the function or action by which people move across the sea or travel on the sea utilizing different standards of transport such as boats and ships.
This exists established on a worldwide color code that all vessels observe to enable communication between vessels as well as between vessels and those at the seaside.
To learn more about sea navigation
https://brainly.com/question/4670417
#SPJ2
Match the following descriptions with the correct country or area
a) Israel
b) Iran
c) Shiites
d)Gaza Strip
1.
Palestinians deny its right to exist.
2.
Iraqi Sunnis are in conflict with this group in Iran.
3.
Fundamentalist Muslims overtook the government of this country in 1979.
4.
Site of continual conflict between Israelis and Palestinians.
The Gaza Strip, along with the West Bank, are the territories claimed by Palestinians as their jurisdiction. They are separated from each other by the State of Israel. Palestinians deny the right of Israel to claim its territory, while Israel has occupied Palestinian lands under the argument of a historical claim. This had led to intense conflict between the two states.
Sunnis and Shiites (predominant in Iran) are the two main branches of Islam. They have different opinions regarding the leadership of Islam.
Fundamentalist Muslims overtook the government of Iran in 1979, overthrowing the Pahlavi dynasty, in what is known as the Iranian Revolution.
what happens to an economy during a recession cycle
A recession has a domino effect, where increased unemployment leads to less growth and a drop in consumer spending, affecting businesses, which lay off workers due to losses. A recession occurs when there are two or more consecutive quarters of negative gross domestic product (GDP) growth
Among the many effects of an economy in recession are interest rates falling, profits plunging, unemployment rates rising, and the stock market becoming unstable. People tend to lose money and become bankrupt.
What is Boserup’s thesis about agricultural methods centuries ago affecting gender attitudes now an example of?
The Boserup’s thesis about agricultural methods centuries ago affecting gender attitudes now an example of distal cause.
The other term for the distal cause is ultimate cause. It is the "real" reason something occurred. According Boserup the agricultural methods are the real reason how gender attitudes developed and were formed.
The Boserup’s thesis about agricultural methods centuries ago affecting gender attitudes now an example of distal cause.
Communication is best understood as a process. Explain.
Need help with #3 !! Thanks
I am sorry, but I believe B. Excluding evaporation but the ice melting increases sea level adding more water to the ocean
Reynaldo has purchased a home with an assessed value of $195,000. The
property tax rate in his area is 1.9%. What is his monthly tax payment?
A. $308.75
B. $342.67
C. $326.76
D. $377.43
The correct answer is answer A).
Taking into consideration the 1.9% tax rate in his area, the monthly tax payment Reynaldo has to is $308.75.
To determine your home tax you must find the tax rate of where you live and multiply it by the value of your property.
Take into consideration that there could be another amount of money you need to pay besides your taxes. It is recommended that you consult a taxes assessor in your community.
If expansionary taxation policies encourage growth, are they always appropriate to implement? No, government services could create inflation, which decreases the purchasing power of consumers. Yes, the private sector can easily and affordably replace all services and facilities cut by the government. No, the government is capable of providing many but not all services individuals and businesses need. Yes, the government will still ensure that individuals and businesses continue to receive all necessary services.
Answer: No, government services could create inflation, which decreases the purchasing power of consumers.
Expansionary fiscal policy is when the government expands the money supply in the economy. It can either increase government spending or cut taxes. This provides consumers and businesses more money to spend.
The purpose of expansionary fiscal policy is to boost economic growth. It is used when the government wants to reduce unemployment, increase consumer demand, and avoid a recession. If the recession has already occurred, it seeks to end it.
The policy comes with some risks. High inflation is one of the most common ones. There is also a time lag between when a policy move is made and when it works its way through the economy, which makes analysis difficult.
Answer:
The Answer is A
Explanation:
No, government services could encourage growth but other practices could be more effective based on the economic situation.
Which of these represents the MOST important role played by the Chattahoochee River?
A) It is the boundary between Georgia and Alabama.
B) It serves as a major source of water for people in the Piedmont Region.
C) It is the biggest tourist attraction for people visiting the Coast Plains Region.
D) It is the main source of trade between the states of Georgia, Alabama, and Florida.
Answer:
B) It serves as a major source of water for people in the Piedmont Region.
Explanation:
Answer:
B
Explanation:
if you had liter container full of marbles and a half liter container full of sand, would a mixture of two measure 1 1/2 liters? Why or why not?
(This is Science, I couldn't find the science label.)
What type of border would likely have the most protection??
-State
-Province
-National
-City
national please give brainliest I need it
HELP I WILL GIVE THE FIRST ANSWER THE BRAINLIEST HELP!! Object A started its journey at 12 p.m. The distances traveled by Object A at different times are shown below:
13 miles at 1 p.m.
26 miles at 2 p.m.
39 miles at 3 p.m.
52 miles at 4 p.m.
The graph shows the distances traveled by Object B at different times. A distance versus time graph is titled Object B and it is a line with steps passing through the points 0, 0 and 1, 10 and 2, 10 and 3, 20 and 4, 20 and 5, 50
Which object travels at a constant speed?
Object B, because the graph has several straight lines
Object B, because its graph starts from origin and moves up steadily
Object A, because its graph is a curve which does not start from origin
Object A, because it travels equal distances in equal intervals of time
The answer is Object B; starts at origin and moves steadily upwards.
Answer:
Hi there! The answer is D, Object A, because it travels equal distances in equal intervals of time!
Object A starts at 13 and keeps going up 13 each time every hour.
Recently did this exam.
I hope this helped fellow student!
Have a thrilling Thursday!
~Lola
Which most likely accounts for the changes shown on the demand curve?
A) More consumers want a product
B)Fewer consumers want a product
C)The price of a good rises a little
D)The price of a product rises sharply
It is not D.
The correct answer is A.
what is 43 divided by 6395
the correct answer is 0.0067240031
PLEASE ANSWER ASAP
5 minutes for the CORRECT first answer will recive brainliest when avilible
I am not totally sure but I think the answer is D, They hunted and farmed.
The force of gravity on an object is know as its mass?
The force of gravity acting on an object is called its weight. On the surface of the earth all objects experience the same acceleration due to gravity in the downward direction, regardless of their mass.
In West African cultures, who ranked just above traders in the social structure?
A.
the emperor
B.
kings and nobles
C.
farmers
D.
skilled workers
In West African cultures, kings And nobles ranked just above traders in the social structure
B Kings and nobles (this extra bit im typing is because i have to put in twenty characters)
What are the causes and effects of the English civil war?
There were several causes of the English Civil War, the majority of them were centered on the beliefs and reign of Charles I. Two of the main causes of the English Civil War were parliament's anger over Charles I divine rule and centralized structure of church government as well as his increase in taxation without consulting parliament.
The English Civil War was caused by religious disputes, power struggles between the monarchy and Parliament, and economic issues, leading to significant effects including the temporary establishment of a republic, a shift towards constitutional monarchy, and laying the groundwork for religious freedom.
Explanation:Causes and Effects of the English Civil War
The English Civil War, a series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") in the 1640s, had profound and lasting impacts on the political landscape of England. The primary causes of the conflict included disputes over religious freedom, the power of the monarchy versus the rights of Parliament, and financial grievances. The immediate effect of the war was the trial and execution of King Charles I, the abolition of the monarchy, and the establishment of a Commonwealth led by Oliver Cromwell.
Key Causes
Religious disputes: The imposition of Anglican practices on Presbyterian Scots and Puritan dissatisfaction with the Church of England heightened religious tensions.Political power struggles: The refusal of King Charles I to concede to Parliament's demands for greater control over taxation and military forces spurred conflict.Economic concerns: Heavy taxation and financial mismanagement by the Crown exacerbated societal unrest.Significant Effects
The English Republic: the abolition of the monarchy and the House of Lords and the establishment of a republican government, although ultimately temporary.Shift in power: The conflict entrenched the notion that the monarch must govern with Parliament's consent, leading to the constitutional monarchy in place today.Religious freedom: The end of the war did not bring immediate religious tolerance, but it laid the groundwork for future legal protections of religious freedoms.The harsh conditions imposed by the treaty of Versailles After world war one most directly later foundation for the ........????
rise of fascism in Germany.
· established in the Colony of Virginia in 1619
· consisted of a Governor, a council, and representatives from the colony
· marked the beginning of representative government in British North America
The correct answer is House of Burgesses. On July 30, 1619, at the church in Jamestown Island, the Governor of Virginia, Sir George Yeardley led the House of Burgesses, a unicameral body composed of the Governor, a Council of State designated by Virginia Company and 22 burgesses elected from the settlements of the Colony. One of the first decisions of this House was to set the price of tobacco.
How to get a girl to like you
Read the article, "Checks and Balances." Explain how the framers of the Constitution intended the separation of powers to work. In your explanation, be sure to consider the three branches of government as well as checks and balances. (Site 1)
Answer:
They intended to keep each section from gaining too much power
Explanation: Each branch holds the same amount of power and keeps the other from gaining too much.
Plzzzzzz help me due tomorrow u will be marked BRAINLIEST
1.D
2.B
3.A
4.E
5.C
6.A
7.D
8.B
9. C
These should be the answers, Have good luck.
I don't know all the answers, but I think 1=c, 2=a, 3=d, 4=e, 5=b I could be totally wrong, 6=a, 7=a, 8=d, 9=c. I am sorry if i get you wrong. Let me know what you get right.
How did Muhammad change the Kaaba?
According to faith and tradition, Kaaba was built by Abraham and his firstborn son Ismail, had a simple cube shape, black colored, and was intended as a sacred place that represents the place of worship of one God, since Abraham was the viceroy of monotheism in the Jews and the Muslims. He thus represented the sacred sanctuary of Arabs even before the appearance of Islam. Over the centuries, many influences and changes have been made on this sacred stone, since the Arabs before Muhammad adopted many forms of paganism and idolatry. After Muhammad's revelation and the founding of the Islam, he cleansed Kaaba from idols and in some way restored his original purpose, established by Abraham - the place of worship of one God.
what criterion should be using to analyze the impact of healthcare reform on insurance coverage, health system and patient outcome, and financing success or failure?
The health care reform was designed to increase insurance coverage in the US and also allow people to have access to it, by changing policies connected to the coverage itself (who could get covered and under what conditions) and also financial issues (how to make it possible for people who can't afford insurance to get covered).
The health care reform should be analyzed based on its social impact and also financial consequences of its implementation.
What’s the difference between canal and rivers
Rivers and canals are both bodies of water, but they have key differences in terms of their nature, purpose, and formation.
The difference between canal and riversRivers:
Natural Formation: Rivers are natural water bodies formed over time due to various geological processes. They usually originate from mountains or hills and flow towards the sea, another river, a lake, or other body of water.
Course: Rivers generally have an irregular course, which can change over time due to natural processes such as erosion.
Purpose: While rivers can be used for transportation, irrigation, and power generation, these uses are secondary to their natural existence and processes. Rivers also play a critical role in the ecosystem, providing habitats for various types of wildlife.
Canals:
Man-made: Unlike rivers, canals are man-made waterways, dug for specific purposes such as navigation, irrigation, or water supply.
Course: Canals have a planned, regular course determined by their human creators. They can connect rivers, lakes, or seas that would otherwise not be directly linked.
Purpose: Canals are generally created for specific uses, such as facilitating transportation between different bodies of water, irrigation, or supplying water to certain areas. Their design, including their depth and width, is typically tailored to these uses.
Learn more about canal at
https://brainly.com/question/1920109
#SPJ6
best explains why the maya built cisterns
The answer is - droughts.
The region in which the Maya civilization existed, even though in general had a stable climate throughout the year, occasionally, on every few years, was experiencing a long drought. The droughts in this period of time could have been fatal because they were destroying much of the plants that were providing food for the people, and also lack of freshwater. So the Maya came out with a smart method, they started to build cisterns, and when there was rain the cisterns were filled with water that can be used later on when there's crises for it.
Answer: To hold rainwater for farming.
Explanation:
The region in which the Maya civilization existed, even though in general had a stable climate throughout the year, occasionally, on every few years, was experiencing a long drought. The droughts in this period of time could have been fatal because they were destroying much of the plants that were providing food for the people, and also lack of freshwater. So the Maya came out with a smart method, they started to build cisterns, and when there was rain the cisterns were filled with water that can be used later on when there's crises for it.
In which ways are Buddhism and Hinduism similar? A. Both follow a system of dharma, or caste. B. Both worship multiple gods and goddesses. C. Both believe in the process of reincarnation. D. Both get their beliefs from the Rig Veda.
C is the answer, because both believe in reincarnation.
What are the three main parts of the Declaration of Independence
List 3 similarities between state legislatures and Congress
State legislatures and Congress have three main similarities: both are responsible for creating laws, they both use committees to evaluate proposed laws, and both possess the ability to oversee the executive branch to ensure the correct implementation of policies.
Explanation:State legislatures and Congress share multiple similarities. They include:
Lawmaking Function: Both entities are tasked with drafting, researching, and passing legislation within their respective jurisdictions. Their roles encompass reviewing and implementing laws that are beneficial to their constituents.Use of Committees: Both Congress and state legislatures utilize committees to further examine and deliberate on proposed laws. These committees focus on specific areas like transportation, education and agriculture and research proposed bills in those domains.Oversight of Executive Branch: Another shared responsibility between the two is overseeing the executive branch. They ensure that enacted policies are correctly implemented by the relevant agencies.Learn more about Similarities between State Legislatures and Congress here:https://brainly.com/question/482763
#SPJ3