In the CIA World Factbook, GDP per capita in the United States in 2010 was approximately $47,400. The formula for growth for any given year, yt , is yt = y0( 1 + g y )^ t , where y 0 is the value of GDP in the beginning year, y t is the value of GDP for the specific year in question, g y is the growth rate, and t is the number of years after y 0 . Suppose y 0 is GDP per capita in 2010 and the economy continues to grow at approximately 3% as it did in 2010.
What is 1+y under these circumstances?
(1+y)=
What is (1+y)^t when t is 10 years?
(1+y)^t=
What will be the value of GDP per capita in 10 years? Round your answer to the nearest dollar.
GDP per capita, 2020 per person=$
Answers: 2
Business, 22.06.2019 04:30
4. the condition requires that only one of the selected criteria be true for a record to be displayed.
Answers: 1
Business, 22.06.2019 05:30
Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?
Answers: 2
Business, 22.06.2019 11:30
Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.
Answers: 1
In the CIA World Factbook, GDP per capita in the United States in 2010 was approximately $47,400. Th...
Health, 30.09.2019 00:00
Biology, 30.09.2019 00:00
Mathematics, 30.09.2019 00:00
History, 30.09.2019 00:00
Mathematics, 30.09.2019 00:00
Health, 30.09.2019 00:00
Geography, 30.09.2019 00:00
History, 30.09.2019 00:00