1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nikklg [1K]
3 years ago
7

What is the opportunity cost (in civilian output) of a defense buildup that raises military spending from 4.1 to 4.5 percent of

a $7 trillion economy?
Advanced Placement (AP)
1 answer:
ankoles [38]3 years ago
7 0
Assuming the build-up in military defense completely crowds out civilian output (as resources are diverted from the private sector), then the 0.4% increase in military spending will lead to an equal 0.4% decrease in civilian output (as a proportion of the $7 trillion economies). 
You need to multiply $7 Trillion by 0.004 (0.4%) 
$7,000,000,000,000 X 0.004 = $28,000,000,000 
and the opportunity cost (in civilian output) of a defense buildup is $28 Billion.
Opportunity cost is the benefit that the person can be received, but they gave up, to take another course of action. It is also a benefit, profit or value of something they give up to achieve or acquire something else.
You might be interested in
Which type of Social Movement is the environmental movement? a. reformative b. redemptive c. revolutionary d. alterative
tiny-mole [99]

I think a, or d, but I can't say for certain. I am sorry.

8 0
3 years ago
Read 2 more answers
Identify and explain ONE piece of historical evidence that would support Powaski’s interpretation about the origins of the Cold
NeX [460]
Dont click the link above its fake
6 0
2 years ago
Read the quote below
Basile [38]
Answer: A
explanation:
5 0
3 years ago
Ang japanese garden ang bahagi ng caliraya na tatamnan
GenaCL600 [577]

Answer:

A aming

Explanation:

have a great day ahead

6 0
2 years ago
¿Què beneficios tienes el volcanismo para la poblacion
weeeeeb [17]
This means "what benefits does the volcanic activity have for the population?" I would say that the main benefit of continental volcanic activity is the expulsion of ash which can enrich the soil and in the tropics make it good for growing coffee, for example, as it does in El Salvador.
6 0
3 years ago
Other questions:
  • Volume, mass, center of gravity, and density are examples of which of the following?
    12·2 answers
  • Please Answer this question really urgent
    9·1 answer
  • This is for criminal justice by the way. help please?
    13·1 answer
  • Read this excerpt from The Riddle of the Rosetta Stone by James Cross Giblin.
    14·2 answers
  • Please, I need help. This is for AP Econ
    15·2 answers
  • My beard is too long. Do you know where I can ___ it.
    11·1 answer
  • Hello everyone can someone tell me who can i delete these comments
    12·1 answer
  • 1.Ang mga sumusunod ang pagkatutulad ng pelikula at nobela maliban sa isa.
    10·2 answers
  • What is the importance of learning the basic steps in a dance
    5·1 answer
  • What changes to human life were caused by settled agricultural development
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!