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Let the present age of the son be x years. Then the father's age is 5x years. In 6 years, the father's age will be 5x + 6 and the son's age will be x + 6. Given: 5x + 6 = 4(x + 6). 5x + 6 = 4x + 24. x = 18 years. So, the father's current age is 5 * 18 = 90 years. Let y years ago, the father's age was 7 times the son's age. 90 - y = 7(18 - y) 90 - y = 126 - 7y 6y = 36 → y = 6 years.
The H.M. and G.M. of a distribution are 8 and 10 respectively. Then the A.M. is
Refer to the below given table
Coeffic...
The value of expenditure multiplier when marginal propensity to save is 0.4 is
If positive income effect is less than the substitution effect: the product will be
According to the Solow Model, which factor is primarily responsible for sustained economic growth in the long run?
If X(bar) = 25, Y(bar) = 120, bxy = 2. Find the value of X when Y=130?
____ in reserve requirements ____ the money supply since it causes the money multiplier to ____.
Type II error occurs when
The relationship between the unemployment rate and the gross national product is depicted by