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 506 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?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Exponential growth in the Canadian migratory population of the whooping crane after 70 years of cons Exponential growth in the Canadian migratory population of the whooping crane after 70 years of cons
Policies on fertility and population growth Policies on fertility and population growth
Factors That Contribute to Eating Disorders Factors That Contribute to Eating Disorders
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Evolutionary tree for the living amniote groups Evolutionary tree for the living amniote groups
Fossil Coelacanth and Living Coelacanth Fossil Coelacanth and Living Coelacanth
Video: Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library