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

Author Question: How do we calculate growth in a nation's standard of living? What will be an ideal ... (Read 103 times)

jeatrice

  • Hero Member
  • *****
  • Posts: 543
on: Jun 29, 2018
How do we calculate growth in a nation's standard of living?
 
  What will be an ideal response?

Question 2

The desired reserve ratio is 10 percent. Joe deposits 1,000 in Bank A. Bank A keeps its minimum desired reserves and lends the excess to Fred.
 
  Fred spends his loan at J.C. Penney. J.C. Penney deposits the check it receives from Fred in Bank B. Bank B keeps its minimum desired reserves and lends the excess to Mary. How much can Bank B lend to Mary?
  A) 90 B) 900 C) 810 D) 1,000 E) 100


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

adammoses97

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

The standard of living is measured by real GDP per person. Thus growth in the standard of living is calculated using the growth rate of real GDP per person.

Answer to Question 2

C


jeatrice

  • Member
  • Posts: 543
Reply 2 on: Jun 29, 2018
:D TYSM

kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Growth in Cold and Cool Clouds Growth in Cold and Cool Clouds
How to calculate simple interest (Part 1) How to calculate simple interest (Part 1)
Week by week fetus growth Week by week fetus growth
The development and maintenance of malignant growth The development and maintenance of malignant growth
Primary growth in a root Primary growth in a root
Video: Endocytosis -Types and Phagocytosis

For a complete list of videos, visit our video library