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alexgriva [62]
3 years ago
6

6.5. Does Spending Measure Welfare? Suppose a community spends $1 million on salaries and equipment for its police department. B

ecause it believes that citizens are now more law-abiding, the community decides to cut back on the number of police it employs. As a result, the community now spends $800,000 less on police officers. The crime rate remains the same.
a. What happens to measured GDP?

b. Does GDP accurately reflect welfare in this case?

Discuss the underlying issue that this example poses.
Mathematics
1 answer:
marta [7]3 years ago
8 0

Answer:

(a) Measured GDP will decrease by $200,0000

(b) No

Step-by-step explanation:

(a) Gross Domestic Product (GDP) is the total value in monetary terms of al the goods produced in a geographic location.

There will be a $200,000 decrease in the value of the GDP of the community as a result of reduction in the community spending from $1 million to $800,000.

(b) Generally, GDP is not a true indicator of welfare, likewise in this case, GDP does not reflect the welfare of the community.

There's a decrease in the community spending from $1 million to $800,000 but there's an increase in the welfare of the community as a result of decrease in crime rate.

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Merrill bought m notebooks for $2.50 each and n pens for $1.25 each. Which expression best shows how much she spent?
kati45 [8]

Answer:

2.50m+1.25n

Step-by-step explanation:

4 0
2 years ago
How do i determine a sale price?
luda_lava [24]

Answer:

The rate is usually given as a percent.

To find the discount, multiply the rate by the original price.

To find the sale price, subtract the discount from original price.

Step-by-step explanation:

The rate is usually given as a percent.

To find the discount, multiply the rate by the original price.

To find the sale price, subtract the discount from original price.

3 0
3 years ago
The owner of a local nightclub has recently surveyed a random sample of n = 300 customers of the club. She would now like to det
quester [9]

Answer:

We cannot determine the appropriate hypotheses to test this study because we are only given the data for the sample size and the population mean. Meanwhile, we need to know the data of the sample mean, the standard deviation and the level of significance before we can state the appropriate hypotheses for this test.

Step-by-step explanation:

Given that:

sample size n = 300

population mean μ = 35

The null hypothesis and the alternative hypothesis can be computed as follows:

Null hypothesis

H_o: \leq  35

Alternative hypothesis

H_1 > 35

The degree of freedom df = n -1

df = 300 - 1

df = 299

8 0
3 years ago
A2 + b2 = c2 If a = 12 and c = 15, find the value of b using the Pythagorean theorem.   b = 399 b = 19.97 b = 81 b = 9
fredd [130]
The correct answer is B.9
Hope it helps!
4 0
4 years ago
It says on top that the image is not drawn to scale.
Leokris [45]

D; Both statements are correct

Here, we want to check the correct statement

Basically from the diagram, it is confirmed that what we have is a 30-60-90 triangle

Now, for a 30-60-90 degrees triangle, the side lengths are in a particular ratio

From the diagram, MO faces the right angle and thus, it is the longest side and the hypotenuse

Now, let us take a look at the ratio of the sides in both submissions

For a 30-60-90 degrees triangle, the ratio of the sides is;

1\colon\sqrt[]{3}\text{ :2}

Hence, one side must be twice the length of the other

From Kellie's statement we can see MO is twice NO

From Eddie's statement, we can also see that MO is twice NO

Lastly, we can also see in both that dividing MN by NO yields the root of 3 in both statemets which confirms the existence of the theoretical ratio

So the conclusion here is that;

Both students are correct

3 0
1 year ago
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