Consider an imaginary economy that has been growing at a rate of 3% per year. Government economists have proposed a number of policies to increase the growth rate but first need to convince the president that the policies will pay off. To do so, they want to present a comparison of the number of years it will take for the economy to double, depending on the growth rate. Using the rule of 70, determine the number of years it will take the economy to double at each growth rate.

Other questions in category

• Trisha works for a company where authority is decentralized, and there are only three levels in her ...
• Which document needs to be submitted, along with reconciled cash, from each department to the main c...
• Which of the following three factors affects an employee's motivation...
• Which of the following is a potentional benefit of joining a business-related student organization?...
• Which analyst position analyzes information using mathematical models to help business managers make...
• Match the following government organizations with their healthcare and/or health information technol...
• 1. (15 points) A sales budget is given below for one of the products manufactured by the Key...
• a blank role is behavior that concentrates on getting the team's work done for example one team memb...
• A major focus of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) wa...
• Coupon Rates [ LO2] Nikita Enterprises has bonds on the market making annual payments, with eight ye...