The square inches of paper Ray needs are equal to the area of the sides he wants to cover.
<h3>What is the area?</h3>
The area of an object refers to the surface or space occupied by the object.
<h3>Why is the area important?</h3>
In this situation calculating the area is essential because by doing this, Ray can know how much paper he needs.
<h3>How to calculate the area?</h3>
Different formulas can be used to calculate the area depending on the shape of the object.
- Rectangle: Side x side
- Triangle: 1/2 base x height
- Circle: πr2
This means to know the exact answer, Ray needs to calculate the area of the sides he wants to cover and this is equal to the paper he needs to buy.
Note: This question is incomplete because the picture was not attached. Due to this, I answered it based on general knowledge.
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In Country A, the opportunity cost of one paper clip is 1/2. Option C
<h3>What is opportunity cost?</h3>
The opportunity cost refers to the alternative forgone in production. It means that it is the option that is chosen in the midst of other possibilities.
We can see from the table that in Country A, the opportunity cost of one paper clip is 1/2.
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Missing parts
If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying production possibilities schedules.
In country A the opportunity cost of 1 paper clip is
A.2 rubber bands.
B.1 rubber band
C.1/2 rubber band.
D.1/4 rubber band.
Based on the information the ratio between the deficit and gdp as a percentage is 2.41%.
<h3>Ratio between the deficit and gdp:</h3>
Using this formula
Ratio between the deficit and gdp=Annual federal deficit/Gross domestic product×100
Where:
Annual federal deficit=$350 billion
Gross domestic product=$14,500 billion
Let plug in the formula
Ratio between the deficit and gdp=$350 billion/$14,500 billion×100
Ratio between the deficit and gdp=2.41%
Inconclusion the ratio between the deficit and gdp as a percentage is 2.41%.
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