This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Alice Hanson Jones (1980) finds that private nonhuman physical wealth in New England in 1774 was ... (Read 64 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Alice Hanson Jones (1980) finds that private nonhuman physical wealth in New England in 1774 was 36.4 pounds sterling per capita. Thus, assuming a capital output ratio of 3:1, Jones estimates that per capita income in New England in 1774 equaled:
 a. about 9 pounds sterling.
  b. about 12 pounds sterling.
  c. about 45 pounds sterling.
  d. about 145 pounds sterling.

Question 2

Most of the increase in total money supply between 1860 and 1920 was due to:
 a. sustained economic growth.
  b. the growth of bank deposits.
  c. an increase in greenbacks.
  d. new discoveries of gold and silver.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

b. about 12 pounds sterling.

Answer to Question 2

b. the growth of bank deposits.


pane00

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bulacsom

  • Member
  • Posts: 329
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Equipment Used in Physical Assessment Equipment Used in Physical Assessment
Stonehenge, Salisbury Plain, Wiltshire, England. Stonehenge, Salisbury Plain, Wiltshire, England.
Private practice setting. Private practice setting.
Private Practice Massage Therapy Business Plan Private Practice Massage Therapy Business Plan
Physical Activity Pyramid Physical Activity Pyramid
Physical Findings of Cardiac Tamponade Physical Findings of Cardiac Tamponade
Video: Adolescent Diabetes

For a complete list of videos, visit our video library