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Total age of 20 girls = 20 × 54 = 1080 years If the age of two more girls is added the average decreases by half a year, ∴ Total age of 22 girls = 53.5 × 22 = 1177 Now, sum of the age of new girls = 1177 – 1080 = 97 years
The level of current inflation is 12% and inflation for the previous year was 6%. The strength of the effect of unemployment on the wages is 1.5. Calcul...
If indirect taxes are subtracted and subsidies are added to Net Domestic Product at market price we get
At pointA, inflation is equal to the underlying rate of inflation and output is at the level of output consistent with the equilibrium unemployment rate...
Consider an economy described by the following equations:
C = 100 + 0.6 ∗ (Y − T) (consumption function)
1) Calculate the standard error of the estimate of Y on X regression equation for the following data
N =50 , ∑y^2 = 150 , ∑xy = 180, &sum...
A two-person zero-sum game means that the
"Ricardo's comparative advantage theory states that...?"
Suppose the reserve ratio is 0.2, Currency in Circulation is Rs.100, Deposits are Rs.400 and Excess Reserves Rs.10 , then calculate the money multiplier
Let the correlation coefficient between X and Y be 0.6. Random variables Z and W are defined as Z=X+5 and W=Y/3. What is the correlation coefficient bet...
GNP exceeds NNP by:
