What nation grew at a constant rate over these years

Assignment Help Business Economics
Reference no: EM1355337

In 1870, the U.S. had an average income of about $2758 and the U.K. of about $3463. In 1999, the figures were $30,600 and $22,640, respectively. If each country grew at a constant rate over these years, in which year did the U.S. overtake the U.K. in terms of average income?

Reference no: EM1355337

Questions Cloud

Litigation damages accrual : You're the Chief Financial Officer (CFO) of a firm that is being sued for damages it caused. It is the end of your fiscal year, and you are trying to determine the appropriate treatment of this matter.
Educational products on the market : Locate a few unique educational products on the market and probe their claims about helping children grow cognitively.
Possible ieee amendments could be used for new system : What possible IEEE 802.11 amendments could be used for the new system? What are the pros and cons of each amendment? Choose an amendment to implement and explain your choice.
Comprehensive outline and annotated bibliography : Comprehensive Outline and Annotated Bibliography and The Project Management Process, The Superstructure
What nation grew at a constant rate over these years : If each nation grew at a constant rate over these years, in which year did the U.S. overtake the U.K. in terms of average income.
Profitable deployment of additional direct labor hours : Lamb Golf Accessories Limited produces a range of specialized waterproof golf shoes, in 4 different quality specifications. Deluxe 600, Palmer 20, Nicholas 360, Standard 640.
Implications of the information gained from assessment : Why is it important for parents to understand the assessment process and the implications of the information gained from the assessment?
What is the tension and the angle of the rope : find out the escape speed from Jupiter's moon Callisto
Treatment recommendations for a psychological social history : Any help is appreciated! How do you begin to write a response for chemical use assessment/history and treatment recommendations for a psychological social history on someone?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd