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

Author Question: How does the growth rate of real GDP contribute to an improved standard of living? What will be ... (Read 444 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
How does the growth rate of real GDP contribute to an improved standard of living?
 
  What will be an ideal response?

Question 2

Suppose Mexico and the United States are on the gold standard. If there is a half an ounce of gold in the dollar, and one quarter an ounce of gold in the peso, then the exchange rate is
 
  A) 0.50 = 1/2 peso.
  B) 1 = 1/4 peso.
  C) 1 = 2 pesos.
  D) 1 = 4 pesos.
  E) 1 = 1/2 peso.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dyrone

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 29, 2018
Answer to Question 1

A benefit of long-term economic growth is the increased consumption of goods and services that is made possible. Growth of real GDP also allows more resources to be devoted to areas such as health care, research, and environmental protection.

Answer to Question 2

C


mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
Reply #2 on: Jun 29, 2018
Correct answers!


dyrone

  • Sr. Member
  • ****
  • Posts: 322
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

The role of leptin in regulating appetite and metabolic rate. The role of leptin in regulating appetite and metabolic rate.
bone growth bone growth
All living organisms descended from a common ancestral cell All living organisms descended from a common ancestral cell
The mortality rate in the United States increases with age and is lower for women than men at every ... The mortality rate in the United States increases with age and is lower for women than men at every ...
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
How to fully analyze the standard and factored form of a quadratic equation (Question 1) How to fully analyze the standard and factored form of a quadratic equation (Question 1)
Video: Replication of DNA and Chromosomes/ How do cells replicate their DNA? (Animation) no Audio

For a complete list of videos, visit our video library