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 472 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?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Two species of granivorous rodents living in the Chihuahuan Desert: (a) the kangaroo rat, Dipodomys Two species of granivorous rodents living in the Chihuahuan Desert: (a) the kangaroo rat, Dipodomys
The universal features of living cells The universal features of living cells
The developing and emerging nations have high rates of population growth The developing and emerging nations have high rates of population growth
Explain the myogenic autoregulation of the glomerular filtration rate Explain the myogenic autoregulation of the glomerular filtration rate
Exercise about living things Exercise about living things
Growth of cultured cells from patients with xeroderma pigmentosum (XP) Growth of cultured cells from patients with xeroderma pigmentosum (XP)
Video: Effect of blood chemistry - stimuli, hyperventilation response and hypoventilation response

For a complete list of videos, visit our video library