If the annual inflation rate is 5 percent a year, about how many years will it take for the price level to double?

Answers

Answer 1
According to the rule of 72, the doubling time for price level when the inflation rate is r%, is given by
[tex]t= \frac{ln(2)}{ln(1+r/100)} \approx \frac{72}{r} [/tex]

Therefore
t = 72/5 = 14.4 years

Answer: About 14 years.


Related Questions

Gilberto is giving a speech in his art history course. he has carefully prepared his presentation and plans to deliver it from a brief set of note cards. what kind of delivery is gilberto using?

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Final answer:

Gilberto is using extemporaneous delivery for his speech in his art history course. This involves preparing note cards with key points and ideas while delivering the speech naturally and conversationally.

Explanation:

Gilberto is using extemporaneous delivery for his speech in his art history course. Extemporaneous delivery involves preparing a set of note cards with key points and ideas, but delivering the speech in a natural and conversational manner without memorizing word-for-word or reading directly from a script.

This allows for flexibility and adaptability during the presentation, as the speaker can refer to the note cards for guidance while maintaining eye contact with the audience.

If the type of departmentalization used by an organization tends to emphasize departmental units rather than the organization as a whole and decision making is slow, then these would be weaknesses indicative of _____ departmentalization

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This is functional departmentalization. This concept places every task in its own functional unit specific to the tasks they complete. The problem is that this tends to bog the company down in bureaucracy and slows down the overall decision-making process.

Explain the difference between nominal and real gdp use a simplified numerical example with two differnt years to show your understanding

Answers

Measures of the total worth of goods and services generated in a nation in a given year include nominal GDP and real GDP. Their approaches to accounting for inflation, however, vary.

Using the prices that were in effect in a particular year, nominal GDP calculates the value of the products and services produced. Because prices are growing, the nominal GDP might rise even if the economy is not creating additional products and services.

For instance, even if the economy is producing the same number of loaves of bread, the nominal GDP will rise by 50% if the price of a loaf of bread rises from $2 to $3.

When calculating real GDP, prices from a base year are used to determine the value of the products and services produced in the current year. As long as the economy continues generating the same amount of goods and services, this means that real GDP remains unchanged even while prices are growing.

For instance, real GDP won't change if the price of a loaf of bread rises from $2 to $3 but the amount produced stays the same.

Here is a condensed numerical illustration:

In year 1, the economy generates 100 commodities and services at a cost of $10 each. The nominal GDP for year one is therefore 100 * $10, or $1000.The economy continues to generate 100 products and services in year 2, but each one now costs $15. Therefore, the nominal GDP for year two is 100 * $15, or $1500.However, since it is computed using the prices that were in effect in year 1, real GDP in year 2 is still $1,000.

Even though the economy did not generate any extra products and services in this case, the nominal GDP rose by 50% from year one to year two. This is due to a 50% rise in price. Real GDP, on the other hand, remained unchanged since inflation has no impact on it.

Hence, nominal GDP is a valuable indicator of an economy's size, it can be deceptive if it isn't adjusted for inflation. Real GDP is a more precise indicator of a nation's economic production and is frequently used to chart economic development through time.

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The key difference between nominal GDP and real GDP is whether inflation is accounted for. Nominal GDP uses current prices, while real GDP uses constant prices.

Nominal GDP measures the value of all goods and services produced within an economy in current prices, without adjusting for inflation. In contrast, real GDP adjusts for inflation, reflecting the true value of goods and services in constant prices.

Example of Nominal and Real GDP

Consider a simplified economy that only produces apples.

Year 1: 100 apples produced, price per apple is $1. Nominal GDP = 100 apples * $1 = $100.Year 2: 100 apples produced, price per apple rises to $2 due to inflation. Nominal GDP = 100 apples * $2 = $200.

In this example, even though the quantity of apples produced remains the same, the nominal GDP has increased due to inflation. To find the real GDP for Year 2 (using Year 1 as the base year), we use the original price:                          Real GDP = 100 apples * $1 = $100.

The study method called sq3r includes _____

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The study method called SQ3R includes reciting the material and the following steps: survey, question, read, recite, and review. It is a reading comprehension method which helps the textbook material to be read more efficient and active.
Final answer:

The SQ3R study method includes five steps: Survey, Question, Read, Recite, and Review, designed to enhance comprehension and retention of reading material.

Explanation:

The study method called SQ3R includes five steps: Survey, Question, Read, Recite, and Review. This method is a comprehensions strategy used to understand and retain information from reading materials more efficiently. Let's break down the steps:

Survey: Skim the material to get an overview of the content, noting headings and summary information.Question: Before reading, ask questions based on the headings and what you have surveyed to set a purpose for reading.Read: Read the content fully, looking for answers to the questions you've asked and understanding the author's message.Recite: After reading, summarize the important points in your own words to reinforce memory and understanding.Review: Finally, review the material to ensure you recall the key concepts and to reinforce your understanding.

Applying the SQ3R method can greatly improve a student's capacity to absorb and retain information, which is especially helpful in subject areas like History, Science, or any text-heavy courses.

One important change that resulted from the movement to enterprise systems was the creation of​ stronger, faster, and more effective​ ________ among value chains.

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The answer to the space provided is hops. Therefore, when we complete the sentence, we will have ‘One important change that resulted from the movement to enterprise systems was the creation of stronger, faster, and more effective hops among value chains.’

When producers (say, of roads) are not able to make all consumers pay for enjoying their product (i.e., the roads), they tend to see a?

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They do not see much, if any, of a benefit of production, it is marginal at best. Furthermore, the market fails on the demand side of it, because people do not want the product, and so there is no demand. This product seems to be on the verge of failing.

A superficial analysis in a formal report is often the most useful type of analysis.
a. True
b. False

Answers

A superficial analysis in a formal report is not always the most useful type of analysis.

False. A superficial analysis in a formal report, also known as Surface-Level Analysis, is useful but not always the most important type of analysis. Sometimes, a deeper analysis is required to understand the implicit meanings beyond the explicit statements.

How are digital assets and digital footprints related?

Answers

The reason why digital assets and the digital footprints are related because the digital assets is something that allows anything of any particular to exist in which it has the capacity of having to create the digital footprints—that is why they are related.

Final answer:

Digital assets are valuable files like photos, videos, or text documents that constitute a person’s digital footprint. A digital footprint entails everything one does online from simple comments to uploading photos and videos. Misuse of these digital assets in the digital footprint can lead to illicit activities, necessitating cautious handling.

Explanation:

Digital assets are any type of a digital file that has value. This can include photos, videos, text documents, or any other type of digital file. On the other hand, a digital footprint is a trace or a record of an individual's activities in the digital space including their interactions, transactions, comments, and even the information they create.

These two concepts are related because your digital footprint is made up of your digital assets. Every time you make a post on social media, create an online account, or upload a photo, you are adding to your digital footprint. These posts, accounts and photos are your digital assets - they are valuable because they represent your online identity and influence how others perceive you online.

However, while digital assets can enrich a person's life and online identity, they can also be misused in the scope of the illicit digital media, as described in the text. Therefore, it's crucial to handle our digital footprint responsibly with awareness of potential undesirable implications.

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Sally can clean the house in 6 hours, her father can clean the house in 4 hours, and her younger brother, dennis, can completely mess up the house in 10 hours. if sally and her father clean and dennis plays, how long will it take to clean the house?

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The total time it takes for the two of them to clean the house is 5 hrs. Sally and her father can clean the house twice as fast as Denis can mess it up.

The correct answer is [tex]\(\frac{24}{5}\)[/tex] hours or 4.8 hours. When Sally and her father clean the house together without Dennis messing it up, they can clean the house in [tex]\(\frac{24}{5}\)[/tex] hours or 4.8 hours.

First, let's find the cleaning rates for Sally and her father. Sally can clean the house in 6 hours, which means her rate of cleaning is [tex]\(\frac{1}{6}\)[/tex] of the house per hour. Similarly, her father can clean the house in 4 hours, so his rate of cleaning is [tex]\(\frac{1}{4}\)[/tex] of the house per hour.

 When Sally and her father work together, their combined rate of cleaning is the sum of their individual rates:

[tex]\[ \text{Combined rate} = \text{Sally's rate} + \text{Father's rate} = \frac{1}{6} + \frac{1}{4} \][/tex]

To add these fractions, we need a common denominator, which is 12 in this case:

[tex]\[ \text{Combined rate} = \frac{2}{12} + \frac{3}{12} = \frac{5}{12} \][/tex]

This means that together, Sally and her father can clean [tex]\(\frac{5}{12}\)[/tex] of the house per hour.

Now, let's consider Dennis's rate of messing up the house. Dennis can mess up the house in 10 hours, so his rate is [tex]\(\frac{1}{10}\)[/tex] of the house per hour. However, since Dennis is playing and not messing up the house, we do not subtract his rate from the combined cleaning rate.

To find out how long it will take Sally and her father to clean the house together, we divide the total work (1 house) by their combined rate:

[tex]\[ \text{Time to clean together} = \frac{\text{Total work}}{\text{Combined rate}} = \frac{1}{\frac{5}{12}} = \frac{12}{5} \][/tex]

Therefore, it will take Sally and her father [tex]\(\frac{12}{5}\)[/tex] hours, or 2.4 hours, to clean the house together.

Long-term customers are usually more valuable assets than new ones because ________________.​

Answers

Long-term customers are usually more valuable assets than new ones because they buy more and cost less to serve. long term customers in believable for the seller. and good quality product is selling the seller in long term customers. many discount and many offers are provide to the long term customers in seller.

Three people were fired at abc corporation. eugene was fired because he was incompetent. rita was fired because she was unethical. kayla was fired because of economic conditions. this illustrates the systems property of

Answers

In the given situation, the systems property illustrated is called equifinality. The case says that there three people were fired at ABC Corporation. Eugene was fired because he was incompetent. Rita was fired because she was unethical. Kayla was fired because of economic conditions. Equifinality in business implies that firms may establish similar competitive advantages based on substantially different competencies. The concept is that there are many paths to the same end. The idea states that there are multiple ways to reach a final goal. In open systems, equifinality states that in open systems a given end state can be reached by many potential means.

The author writes that whoever develops a plan to make children useful should "have his statue set up for a preserver of the nation." this means that the person who solves this problem deserves __________.

Answers

This means that whoever solves this problem deserves fame and admiration.
A statue of a person in almost every society symbolize fames and admiration. The purpose of a statue is to make sure that the figure of that certain person is retained for a long period of time to make sure that the future generation are aware of the existance of this person

For management, the major downside of telecommuting is ________.

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Telecommuting is term used to describe the option of working outside the office, for example at home  on a computer linked to the employer's office.  It is also knwon as  "remote work" or  "telework".
For management, the major downside of telecommuting is less direct supervision of employees. 
There is less direct contact between the management and employees. 

How would you classify an employee who is dependable, ethical, and responsible?

Good academic and personal skills
Excellent technology and interpersonal skills
Strong athletic and interpersonal skills
Superior personal and interpersonal skills

Answers

Answer:

Superior personal and interpersonal skills

Explanation:

Personal skill is a set of skills or attributes or abilities possessed by somebody. Personal skill can be subdivided into two.

1. Soft skills - These are skills that can be traced to personality or character

possessed by one. these attributes are not seen, they exist in the abstract. this is more of behavioral pattern.

2. Hard Skill - These are technical skills that are evident in our tasks.  

these come majorly from our professional and academic training.

Interpersonal skill is that part of a person's soft skill that helps in communicating and dealing with others. how you are able to use your soft skill to affect others is your interpersonal skills.

Therefore, dependability, good etiquette, and responsible behavior is a

Superior personal and interpersonal skills

Runner's warehouse purchased digital watches for $92.99. its markup rate is 25% based on the selling price. what is the selling price

Answers

Final answer:

To calculate the selling price with a 25% markup based on the selling price, divide the cost price by 0.75, resulting in a selling price of $74.39 for the digital watches.

Explanation:

The subject of this question is mathematics, specifically dealing with the concept of markup in a business context. To find the selling price of the digital watches when Runner's Warehouse adds a 25% markup based on the selling price, we use the following formula where S represents the selling price:

Markup = S - Cost Price
Selling Price = Cost Price + Markup
0.25S = S - $92.99

To solve for S, the selling price, we manipulate the equation:

1.25S = $92.99
S = $92.99 / 1.25
S = $74.392

Rounded to the nearest cent, the selling price of the watches is therefore $74.39.

When a service organization provides services that affect the initiation, execution, processing, or reporting of a user company's transactions, those services are:?

Answers

Those services are considered to be part of the user company's information system.
The information system obviously provides relevant information about something - given that here services are given which may have an effect on the initiation, execution, processing, or reporting of a user company's transactions, they do belong to the information system of that company.

The ____ theory argues that individuals analyze three relationships: effort - performance, performance- rewards, and rewards-personal goals.

Answers

The Expectancy theory argues that individuals analyse three relationships: effort - performance, performance- rewards, and rewards-personal goals.The level of their efforts depends on their expectation’s strengths that these relationships are achievable.

According to your text, starting college can be a particularly opportune time to grow and develop because

Answers

Starting college can be particularly opportune time to grow and develop because this is the first step of having to tackle the path on which you want to take and the profession you want to be with when you graduate. This is the point where an individual leaves his or her teenage years in high school and start to develop into a mature individual as this is the path of his or her future.

What kinds of liabilities are sole proprietors subject to?

Answers

the sole proprietor is responsible to liabilities such as general upkeep and maintenance of equipment. Such as if you are the owner of a lawn care service, and you have 3 people contracted to you to do jobs and you pay them a commission out of the job. If you have a slow week and don't have any jobs. you are liable to pay your employees for the time spent sitting around as well you are liable out of pocket for any maintenance/upkeep of your equipment. I hope this helps! 

The normal curve would represent the distribution of

Answers

American schoolchildren in terms of age, American women in terms of their physical height, and the American population in terms of gender.
Hope this helps :)
a. American women in terms of their physical heights.

How does a sieve or colander demonstrate the property of selective permeability?

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Selective permeability means that only certain sizes of objects can get through. Sieve or colander allows the passage of objects that are smaller than the mesh, while it selects against larger objects. The selective permeability of a membrane is like to some membranes which only allow glucose to pass through while sucrose which is larger is prohibited.

A sieve or colander demonstrates the property of selective permeability by allowing smaller particles to pass through its pores while retaining larger particles.

Selective permeability is a characteristic of certain membranes and materials that allows some substances to pass through while blocking others. This property is based on the size and sometimes the chemical nature of the particles relative to the size and chemical composition of the pores in the membrane or material.

In the case of a sieve or colander, the device is typically used in cooking to separate solid food particles from liquids or to rinse foods like fruits and vegetables. The sieve or colander has holes or pores of a specific size. These pores are large enough to let water and small food particles pass through but small enough to retain larger food particles. For example, when washing rice, the water and smaller impurities can flow through the sieve, while the rice grains, being larger, are trapped on top.

This selective permeability is not based on the chemical nature of the substances (as it would be in a biological membrane) but rather on the physical size of the particles. The sieve or colander allows for the separation of mixtures based on particle size, which is a practical application of the concept of selective permeability in everyday kitchen use.

Current labor market trends include _____. an increase in demand for low-skilled american labor an increase in workers staying in the same job for many years an increase in the number of people not counted in employment statistics an increase in service jobs accompanied by a decrease in manufacturing jobs

Answers

Answer:

an increase in service jobs accompanied by a decrease in manufacturing jobs

Explanation:

Currently service jobs account for more than 70% of total employment, but it wasn't always like that. In 1990, there were manufacturing jobs than service in America, and the percentage of manufacturing jobs was even larger before.

The two main reasons why manufacturing jobs have decreased are automation (robots performing manufacturing tasks) and an increase in the imports from China and other countries.

Another important trend is that manufacturing jobs used to be the highest paid (in average) per hour, but since 2014 service jobs are paid more.

This trend is going to continue, there will be more high paying service jobs in the future and less low paying manufacturing jobs.

Today there are more than ______ million unmarried couple households in the united states.

Answers

Today there are more than 8 million unmarried couple households in the United States. This number has increased due to a different philosophy that the newer generation has vs older generations.

In its simplest form, amdahl's law maintains that if a given program would take one hour to run to completion with one processor, but 80 percent of the program had to run sequentially (and therefore could not be sped up by applying additional processors to it), then a resulting parallel program would run only a maximum of ____ percent faster.

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20% is the maximum speed up possible for this program. For this problem, let's assign the time of 1 for the task when using a single processor. Now let's assume that we have an infinite number of processors available to handle the portion of the program that can be executed in parallel so that the execution time for that portion will be 0. That means that the total execution time with an infinite number of processors will be 1 * (0.80 + 0) = 1 * 0.80 = 0.80 So at best, the parallel program will take 80% of the time for the single threaded version. So the speed increase will be (1 - 0.80) / 1 = 0.20/1 = 0.20 = 20%

In the planning process, _____ are the specific results or desired outcomes that one intends to achieve.

Answers

Planning (also called forethought) is the process of thinking about and organizing the activities required to achieve a desired goal. It involves the creation and maintenance of a plan, such as psychological aspects that require conceptual skills.

A secondary administrator called a _________ can be specified for intune, and the groups that the service administrator can see can be restricted to specific groups.

Answers

The correct answer should be  service administrator. 
Service administrators are secondary administrators, and their job is to provide customer support. They answer questions related to the goods or services that that company provides, and since Intune is also a company, this administrator would do just that.

Approximately ________ percent of americans lack high-speed internet access in their homes.

Answers

Approximately 50 million US homes have only one 25 Mbps internet provider or none at all which accounts to around 64%.The remaining 46% which accounts for more than 10.6 million US households have no access to wired internet service with download speeds of atleast 25mbps.

You make a comment in your workgroup meetings, and a coworker responds with a sarcastic remark. you no longer speak during your workgroup meetings. this is an example of:

Answers

This is an example of punishment by application. The co-worker punishes you by application of a hostile sarcastic remark that acts as the punishing stimulus. You are now "trained" to stay quiet during workgroup meetings to avoid the punishing stimulus.

Final answer:

The situation described is an example of the negative impact of sarcasm in the workplace, leading to a coworker feeling discouraged from speaking during meetings. It illustrates the importance of positive and constructive communication to foster collaboration and highlights the potential issues arising from passive-aggressive behavior.

Explanation:

The example described in the question is illustrative of how sarcasm in communication, particularly in a workgroup setting, can lead to negative outcomes such as a person feeling discouraged from speaking up. The response of the coworker, laden with sarcasm, has served as a non-constructive form of feedback and has resulted in the silencing of a group member, which is counterproductive to the open exchange of ideas and collaboration that workgroup meetings are typically intended to foster. It's important to maintain professionalism in communication and be mindful of the impact our words have on others. Sarcasm is often disguised as humor, but it can easily represent passive-aggressive behavior, which does not support a healthy work environment.

Avoiding sarcasm and choosing alternative ways to communicate can help avoid misinterpretation and the potential suppression of valuable input from team members.

In making decisions for commercial janitorial & maintenance services, inc., isaiah uses a cost-benefit analysis. this analysis is part of

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The cost-benefit analysis Isaiah used is part of a systematic approach, a process where business decisions are analysed. In this case, the benefits acquired from using the commercial janitorial and maintenance are summed up, and the costs associated with taking their services are subtracted from it. The outcome of this analysis will help determine Isaiah if the commercial janitorial and maintenance services, inc. is financially beneficial to the company or not.

The elimination of organizations that operate between the producer and the consumer is called

Answers

The elimination of organizations that operate between the producer and the consumer is called disintermediation. Disintermediation means that the user or the consumer is given direct access to information. Mediator or salesperson is not required and this type of organization is eliminated.  

Final answer:

Disintermediation refers to the process of eliminating middle organizations that operate between the producer and the consumer. This came about during the deregulation wave in the late 20th century which allowed direct interaction between producer and consumer, thus making intermediaries unnecessary.

Explanation:

The process of eliminating organizations that operate between the producer and the consumer is known as disintermediation. The concept of disintermediation emerged during a wave of deregulation in the late 1970s to 1990s as improved production technologies and a more confident market environment led to the elimination or reduction of government restrictions on the operations of various industries. This opened up the markets and caused a shift in favor of direct interaction between the producer and consumer without the need for intermediaries or middle agencies.

One example of disintermediation can be seen in the clothing industry where traditionally, manufacturers produced clothes and sold them to retailers who then sold them to consumers. However, as manufacturers started to sell directly to consumers through online platforms, the retailers, or the intermediaries, were eliminated.

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