Chia Burgers Began Operations by Opening 115 Restaurants in Western

question 153

Multiple Choice

Chia Burgers began operations by opening 115 restaurants in Western Canada at the end of its first year of operations. By the end of year 2, an additional 5 restaurants were opened. By the end of
Year 3, there were 130 restaurants operational. At the end of year 5, there were 138 total
Restaurants.
From the end of year 1 to the end of year 5, the number of eating establishments grew at a rate of
____________ compounded annually.

• A) 4.2%
• B) 4.7%
• C) 5.6%
• D) 8.7%
• E) 9.3%

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Definitions:

Social Security Tax

Taxes collected from employees and employers to fund the Social Security program, which provides retirement, disability, and survivor benefits.

Federal Budget

The government’s estimation of revenue and spending for a forthcoming fiscal year that includes allocations of funds to various federal departments and agencies.

Defense Spending

Government expenditure on military forces and activities, including salaries, equipment, construction, and research and development.

Means of Production

The facilities, resources, and tools used to produce goods and services in an economy, often discussed in Marxist economic theories.