What must have been the annual rate of economic growth

Reference no: EM13224692

assume that the combined consumer goods + capital goods values for points a, b, and c are $20 billion, $40 billion, and $28 billion respectively. If the economy moves from point a to point b over a 2-year period, what must have been its annual rate of economic growth?
If, instead, the economy was at point c at the end of the 2-year period, by what percentage did it fall short of its production capacity?

Reference no: EM13224692

Questions Cloud

Illustrates the four principal types of project termination : Provide an example, either from your experience or using your imagination, that illustrates the four principal types of project termination.

Who start to introduce 4ps : Who start to introduce 4Ps and who used 4Ps - Start to question yourself whether 4Ps still relevant and/or can be used nowadays?

Explain what is the expected theoretical yeild of aspirin : What is the expected theoretical yeild of aspirin based on exactly 1 g of salicylic acid and 3.50 mL of Acetic Anhydride (Density = 1.082 mL^-1)

Supreme court decision making process : Law clerks are infl uential figures in the Supreme Court decision making process because

What must have been the annual rate of economic growth : assume that the combined consumer goods + capital goods values for points a, b, and c are $20 billion, $40 billion, and $28 billion respectively. If the economy moves from point a to point b over a 2-year period, what must have been its annual rat..

Explain how influence of culture can affect organization : Explain how this influence of culture can affect organizational processes such as the nature of policies and procedures, planning and control, information processing and communication, and decision-making.

Compute the activation energy for the reaction : The rate constant (k) for a reaction was measured as a function of temperature. A plot of ln k versus 1/T (in K) is linear and has a slope of -7445 K. Calculate the activation energy for the reaction

Which option should the company choose : If the carnival has the option of hiring one or two repairers, which option should the company choose?

Explain the hydronium concentration of the solution : What is the pH of a 1.2 x 10-4 M solution of KOH? What is the hydronium concentration of this solution?

User Account

All Pages