what is the level of output after four years if initial output equals $1000 and the economy grow at a rate of 8 percent a year?

?2015-10-28T06:51:09Z

Favorite Answer

1000*1.08^4

20

Related Questions

In what fantasy world is the American economy better now than it was 8 years ago?AP News Headline: "Jobless rate at highest level since 1983". What year was Ronald Reagan elected to office?Why did the economy tank (even when averaged over 8 years) under George W Bush?Can America afford to wait four more years for 0bama to figure out how to grow the economy when we have a ....?Why did it take FOUR YEARS for Obama to reduce unemployment by one tenth of a percent?

Trending Questions

who thinks the US economy is 'roaring back' ..? will we have the 'roaring 20s"? why news seems to promote this idea?11 answersT or F: Technological innovation is the only source of economic growth?4 answersWhat would a collapse of the United States look like?7 answersis the USA already in a "Great Depression II" ? (it is just the stock market & the news media is not recognizing it yet? why?)?5 answerswhat is the probability we will lose our status as world reserve currency and if that happens what currency will replace it?4 answers