Ask Question
BusinessBusiness
6 September, 02:11

Suppose that in 2018, Brazil's annual economic growth rate has dropped to 1.4%. Use the rule of 70 to estimate how long it would take for its real per capita GDP to double.

+3
Answers (2)
  1. 6 September, 02:30
    0
    50 years.

    Explanation:

    Rule 70 is used in finance to roughly determine the time required to double the investment. The calculation is made by dividing 70 by the percentage of interest in the period. In this case, we use the annual growth rate, 1.4, thus; 70: 1.4 = 50. This figure shows that Brazil's GDP will be doubled, maintaining growth of 1.4% per year over 50 years.
  2. 6 September, 02:32
    0
    50 Years

    Explanation:

    The "rule of 70" is an estimate of how many years it will take something to double given a particular interest rate. To calculate, simply divide 70 by the interest rate:

    70/1.4 = 50 years
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose that in 2018, Brazil's annual economic growth rate has dropped to 1.4%. Use the rule of 70 to estimate how long it would take for ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Identify the trade regulation concept described in each scenario. Tiles protectionism free trade trade war Pairs Country A and country B want to develop their respective export markets.
Answers (1)
The charter of a corporation provides for the issuance of 102,000 shares of common stock. Assume that 57,000 shares were originally issued and 13,400 were subsequently reacquired. What is the number of shares outstanding
Answers (1)
In terms of interests in real property, this is not an interest in land but a temporary right to use another's land for a limited and specific purpose. a. a private restiriction b. a fee sample c. a leasehold d. a license
Answers (1)
The difference between clan control and co management
Answers (1)
What is an impact of the lack of uniformity in the international banking system
Answers (1)
New Questions in Business
Blue technologies manufactures and sells dvd players. great products company has offered blue technologiesâ $22 per dvd player forâ 10,000 dvd players. blueâ technologies' normal selling price isâ $30 per dvd player.
Answers (1)
Some goods can be produced at low cost only if they are produced in large quantities. this phenomenon is called
Answers (1)
has sales of $15 million, total assets of $9 million, and total debt of $3.7 million. If the profit margin is 7 percent what is net income? What is ROE? What is ROA?
Answers (1)
The overall variability of a firm's returns depends on the expected return of each individual project, percentage of funds invested in each individual project, and correlation coefficient of returns between the investments.
Answers (1)
Luca writes a daily blog about why people should eat healthy foods and ways to eat healthfully. What are the purposes of his blog? to entertain and advertise to advertise and inform to argue and inform to argue and entertain
Answers (1)
Home » Business » Suppose that in 2018, Brazil's annual economic growth rate has dropped to 1.4%. Use the rule of 70 to estimate how long it would take for its real per capita GDP to double.
Sign Up Forgot Password?