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 471 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?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Growth pattern of stem cells Growth pattern of stem cells
Field research on free-living primates allows primatologists to study patterns of behavior in the se Field research on free-living primates allows primatologists to study patterns of behavior in the se
How to use the discriminant to determine the value of k in a quadratic with one real root How to use the discriminant to determine the value of k in a quadratic with one real root
Exponential Growth Question Exponential Growth Question
Secondary growth Secondary growth
Number line (real numbers) Number line (real numbers)
Video: Introduction to filtration - filtrate formation and composition

For a complete list of videos, visit our video library