This topic contains a solution. Click here to go to the answer

Author Question: Alice Hanson Jones (1980) finds that private nonhuman physical wealth in New England in 1774 was ... (Read 74 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
Alice Hanson Jones (1980) finds that private nonhuman physical wealth in New England in 1774 was 36.4 pounds sterling per capita. Thus, assuming a capital output ratio of 3:1, Jones estimates that per capita income in New England in 1774 equaled:
 a. about 9 pounds sterling.
  b. about 12 pounds sterling.
  c. about 45 pounds sterling.
  d. about 145 pounds sterling.

Question 2

Most of the increase in total money supply between 1860 and 1920 was due to:
 a. sustained economic growth.
  b. the growth of bank deposits.
  c. an increase in greenbacks.
  d. new discoveries of gold and silver.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

CourtneyCNorton

  • Sr. Member
  • ****
  • Posts: 317
Answer to Question 1

b. about 12 pounds sterling.

Answer to Question 2

b. the growth of bank deposits.




pane00

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)


okolip

  • Member
  • Posts: 362
Reply 3 on: Yesterday
Gracias!

 

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

For a complete list of videos, visit our video library