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A box contains n white and m black balls. One ball is added randomly, white with probability p and black with probability 1 - p. Then a random ball is taken out from the box.
(a) Find the probability that the taken ball is white.
(b) It turned out that the taken ball is white. Find the conditional probability that the added ball was white.
changes would most likely bring economy to a full employment level of national output. What is income multiplier.
The so-called "recognition lag" associated with fiscal policy is a result of how slowly the U.S. Congress moves. The Social Security program is a retirement system where payments to retirees come from their previous contributions. The more progressiv..
Consider the density function f(x) = a(-x3+x2+x+2), 0
Suppose two people make up the market for my old wrestling cards. The first has a demand curve given by the equation Q = 10 - P. The other has a demand curve given by Q = 20 - 2P. Graph each of these, then graph the market demand curve.
Compute GDP for Joe using both the product and income approaches and show how they must agree.
b. What is the probability that all 14 workers from the sample cashed out their retirement? accounts?
The economy is operating beyond the full employment output level, thus producing rapid rise in prices of goods and services. The Fed is concerned about high inflation rates. The curb inflation, the Fed shifts to a more restrictive monetary policy by ..
Suppose that a certain country has an MPC of 0.9 and a real GDP of $500 billion. If its investment spending decreases by $8 billion, what will be its new level of real GDP?
Billions of people in the world make two dollars a day or less. In fact, a billion people make less than one dollar a day. In such places, a loan of $100 or $200 makes a huge difference. Why is there a need for organizations like Opportunity Internat..
To be a senator, an individual must ________.
In the international environment, it is apparent that China is making large investments in the global financial markets in their shift away from exports. Is there a connection between China's exports and its financial investments in other countries?
What's the difference between real GDP and real GDP per capita? Which one is more important? Why? What are your thoughts on the Affordable Care Act (normally referred to as Obamacare), and its impact on unemployment/employment and economic growth? Ho..
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