What are the options to choose from?
Answer:
(a) $15
(b) $35
(c) 4
(d) $80
Explanation:
Given that,
Initial deposit = $20 bill
Required reserve ratio = 25%
(a) Money lend out by bank is as follows:
= Amount of deposit - Reserve requirement
= $20 - ($20 × 0.25)
= $20 - $5
= $15
(b) Money in the economy changed:
= Initial deposit + Amount of money lend out by bank
= $20 + $15
= $35
(c) Money multiplier:
= 1/ Required reserve ratio
= 1/ 0.25
= 4
(d) Money will eventually be created by the banking system:
= Change in deposits × Money multiplier
= $20 × 4
= $80
In terms of memory, the chunk is a b. A cluster of information.
Chunking refers to the method of taking person pieces of statistics and grouping them into large devices. by grouping every statistics factor into a bigger entire, you can improve the number of facts you may recollect. probable the maximum not unusual instance of chunking takes place in cellphone numbers.
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a bit is a group of factors that are strongly associated with each different, however, are weakly associated with factors in other chunks. Chunking. Combining small gadgets into large ones, such as whilst individual phrases are mixed right into a meaningful sentence. Chunking may be used to increase the capability of memory.
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Answer:
(1) Pe =0.3Pm + 0.15 Pa
Pm = 0.7Pe + 0.2 Pm + 0.3 Pa
Pa = 0.3 Pe + 0.5Pm +0.55 Pa
(2) The free variable Pa = 100
Explanation:
Solution
We create a table of outputs using the given percentages economy distribution
Energy Manufacturing agriculture Purchased by
0 0.3 0.15 energy
0.7 0.2 0.3 manufacturing
0.3 0.5 0.55 Agriculture
Let Pe Pm, Pa represent the prices for each sector
We then create an income equation using the expenses of the table above
Now,
Pe =0.3Pm + 0.15 Pa
Pm = 0.7Pe + 0.2 Pm + 0.3 Pa
Pa = 0.3 Pe + 0.5Pm +0.55 Pa
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