Income increases at an average annual rate, Macroeconomics

Assignment Help:

Upon taking his first job at college your Dad earns an annual salary of $38,000 and set a goal to earn $10000 per year. If his salary increases at an average annual rate of 12% how long did it take to reach his goal?

A. 8.54
B. 26.31
C. He has not earned $100,000 in a single year
D. 2.63


Related Discussions:- Income increases at an average annual rate

the effect of on reserves and the monetary base, Many developing countries...

Many developing countries have suffered banking crises in which depositors lost part or all of their deposits (in some countries there is no deposit insurance). This type of crisis

Measurement of national income, what are the two precautions required while...

what are the two precautions required while estimating national income by value added method?

Help i don''t know how to use this wb, i wan''t the answer of this Q Questi...

i wan''t the answer of this Q Question 3 (5 marks) Most studies of firms’ long run costs have found that average costs decline as firms produce increasingly larger output levels (

Peace time goods and war time goods, Draw the PPC model of peace time goods...

Draw the PPC model of peace time goods and war time goods and describe its characteristics. Label point A as being more toward peace time goods than war time goods and show graphic

Illustrate budget constraint and optimal bundle, Danny is an investment ban...

Danny is an investment banker and has income I = 300. When prices are px = 10 and py = 20, Danny consumes the bundle (x; y) = (6; 12). 1. Illustrate Danny's budget constraint

Overnight target rates and inflation, Overnight target rates and inflation ...

Overnight target rates and inflation One of the major targets of every central bank is a low and stable inflation. Its main control variable is the overnight interest rate tar

Business cycle, which turning point marks the end of an economic prosperity...

which turning point marks the end of an economic prosperity and the start pf contraction

Trade, What is the difference between heckscher_olin theory and comparative...

What is the difference between heckscher_olin theory and comparative theory

Credit multiplier, how can the central bank influence the size of the multi...

how can the central bank influence the size of the multiplier

Write Your Message!

Captcha
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