First you need to know how many pounds of carbon dioxide you get when burning 1 gallon of gasoline. That number is 19.64 pounds
To get the number of pounds released when entire tank is burned you need to multiply gas tank volume and number of pounds you get when 1 gallon is burned.
17.2 * 19.64 = 337.808
It reachs 5800 population in 1960 if i am not wrong. i'll check this out tomorrow right now i do not have enough time for it.
The monetary policy that the Central Bank is using to address the downturn in the economy is the reduction of the reserve requirement from 17% t 14%.
<h3>What is monetary policy?</h3>
It should be noted that the monetary policy is the set of actions to control money supply in the economy.
The macroeconomic issues resulting from the pandemic on Trinidad and Tobago are that there are less money in circulation and there's a reduction in the standard of living.
The reduction of the reserve requirement will impact the money supply as it will lead to more money in circulation.
<u>Complete question:</u>
1. What form of monetary policy can the Central Bank use to address the downturn in the economy resulting from the pandemic?
2. Identity and explain two macroeconomic issues resulting from the pandemic on Trinidad and Tobago.
3. Identify how the reserve requirement will impact the money supply.
Learn more about monetary policy on:
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Its true .
A p-value less than 0.05 (typically ≤ 0.05) is statistically significant. It indicates strong evidence against the null hypothesis, as there is less than a 5% probability the null is correct
