Average tax rate on $200,000 of income is 25 26% 30 50% 33.00% Using the data sh

Question

Average tax rate on $200,000 of income is 25 26% 30 50% 33.00% Using the data shown in the table below, the debt-to-GDP ratio for Greece in 2001 was and the debt-to-GDP ratio for Greece in 201 was 170.3%; 103.7% 103 7%; 170.3% 96.4%; 58.7% 58.7%; 96.4% O 1 037%; 1.703% Question 11 Using the rule of 70, select al of the Mowing that are true A country with an annual population growth rate of 2% will double its population in 17.5 years A job with a starting salary of S50.000 and a annual raise of 2% will have a salary of $100,000 in 35 years. If the economic growth rate is 7%. per capita GOP will double in 10 years H: on causes a country's price level to double every 2 years, average yearly inflation is 140%.

Explanation / Answer

9. 33.00%

10. 103.7% ; 170.3%

Explanation: 2001: [(134.6 / 129.8) *100 = 103.7%]

                   2001: [(493.19 / 289.6) *100 = 170.3%]

11. Ans: 2nd and 3rd option

Explanation: The rule of 70 states that in order to estimate the number of years for a variable to double, take the number 70 and divide it by the growth rate of the variable. This rule is commonly used with an annual compound interest rate to quickly determine how long it would take to double your money.

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