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Question: Suppose an extremely simple economy produces only two goods, pillows and rugs. In the first year, 50 pillows are produced and sold at $5 each; 11 rugs are produced and sold at $50 each. In the second year, 56 pillows are produced and sold for $5 each; 12 rugs are produced and sold at $60 each.
a. What is nominal GDP in each of the two years?
b. What is the growth rate of nominal GDP?
c. What is real GDP in each year, expressed in terms of constant Year 1 dollars?
d. What is the growth rate of real GDP (in constant Year 1 dollars)?
It then flies straight through the air to the top of the tree. What is the angle of the crow's flight path relative to the ground
The project steering committee is considering which project they should invest capital in. Mary's project promises to be worth $175,000 in four years.
Let C be the unit circle z=eiθ(- ∏ ≤ θ ≤ ∏). First show that for any real constant α. Then write this integral in terms of θ to derive the integration formula
If the graph of x2 + y2 = 9 is horizontally compressed by a factor of 1/4, and then reflected in the y-axis, determine an equation for the new graph.
an unnoticed mechanical failure has caused one-fourth of a machine shops production of 10000 pistol firing pins to be
BRIDGE LOANS To help finance the purchase of a new house, the Abdullahs have decided to apply for a shortterm loan (a bridge loan) in the amount of $120,000.
Graph y=sinx + cosx restricted to 0
In a certain population of women 4% develop symptoms of a classic disease, 20% are smokers, and 3% are smokers and have developed the symptoms of the disease.a) Find the probability that a randomly selected woman from this population has developed sy..
Explain in your own words how the principle of square roots is used to solve quadratic equations. What form must a quadratic equation be in to use the principle of square roots for solving? Demonstrate the process with your own example.
A man wishes to have an enclosed vegetable garden in his backyard. If the garden is to be a rectangular area of 300 ft2.
In a survey, 55% of the voters support a particular referendum. If 20 voters are chosen at random, and X is the number of voters that support this referendum, find the standard deviation of X.
If n = 3, then direct evaluation of takes 12 multiplications and 5 additions. How many multiplications and additions does the evaluation of a determinant.
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