The correct option for this question is A. real GDP will double in 10 years.
Why it is?
The rule of 70 states that the number of years it takes for a variable to double is approximately equal to 70 divided by its annual growth rate. Applying this rule to real GDP growing at 7 percent per year, we get:
Number of years to double = 70 / 7 = 10
Therefore, it will take approximately 10 years for real GDP to double. Option A is the correct answer.
Note that potential GDP refers to the maximum amount of goods and services that can be produced by an economy's resources, so it is not directly affected by the growth rate of real GDP. Nominal GDP refers to the total value of goods and services produced by an economy at current market prices, so it is affected by both changes in real GDP and changes in prices.
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Answer:
Canada's largest trading partner is the United States of America.
Explanation:
Canada is the largest trading partner in the United States. The daily trade between the two countries exceeds 1.4 billion Canadian dollars. For comparison, this figure exceeds US trade among all Latin American countries added in 1999. The value of US exports to Canada exceeded the value of US exports to the European Union. Only trade on the Ambassador Bridge between Windsor (Ontario) and Detroit (Michigan) equals all American exports to Japan. Canada's importance to the United States is not only a phenomenon that happens near the Canada- United States: the latter is the main international destination of the products of 35 of the 50 American states.
The United States of America is Canada's biggest trading partner.
The United States' top trading partner is Canada. Over 1.4 billion Canadian dollars worth of trade takes place every day between the two nations.
This amount is greater than US commerce among all Latin American nations added in 1999, for comparison. Exports from the US to Canada were worth more than those from the US to the EU. All American exports to Japan are only traded through the Ambassador Bridge between Windsor, Ontario, and Detroit, Michigan.
The importance of Canada to the United States is not only a local phenomenon because 35 of the 50 American states send the majority of their exports to the United States.
Therefore , Canada’s largest trading partner is the United States of America.
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b. Socialist Party of China.
c. Maoist Party.
d. Communist Socialist Party.
b. Infractions
c. High treason
d. misdemeanors
Answer:
c. High treason
Explanation:
There are three basic classifications of criminal offenses: Infractions, misdemeanors, and felonies.
Each of these is separated according to the severity of the crime that as committed.
Infractions are petty crimes that are minor criminal offenses, such as running a stop sign.
A misdemeanor is median criminal offenses that are more severe than a simple infraction, for example, harassment or vandalism.
A Felony is the highest level of criminal offense and has the most severe penalties, for example, murder and others.
It is High Treason. So C.
B) capital
C) land and labor
D) labor and capital
Answer:B) capital
Explanation:
Capital refers to the finances that they will need to further the business but it also refers to the goods that they will need inorder to produce more goods in the future as they expand the business.
It is important to know that they have enough funds to expand the business because if they don't have enough to finance this expansion they may lose even what they have which will not be beneficial.
So much is needed when one is expanding the business and it all requires financial input so it is crucial that they know that their finances are in good state and so are their goods.
When considering the scenario of expanding into a new urban area with specific characteristics, the company's decision-making should closely address the factors of production labor and capital. The correct option is C.
In an urban area with a population of people with average educations and lower standard of living, the availability of a skilled and trainable labor force is crucial. The company needs workers to manufacture and sell its products, making labor a significant consideration.
Additionally, the fact that the company is hoping for its product to take off and be successful indicates the need for capital, as investments will be required for production, marketing, distribution, and other business operations. Given the limited availability of vacant warehouses and slower sales, the company's expansion plans would require substantial capital investments to set up facilities and stimulate demand.
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b. Alliance Pact
c. Totalitarianism
d. Suffrage
The answer is a. Appeasement. The best example of this was when France and Great Britain signed a treaty with Germany promising them part of Czechoslovakia if it would halt its advance. Though Germany signed the treaty, it still continued its campaign and this led to World War II.