A line segment fitted to points whose coordinates are in the order (disposable income, personal consumption expenditure)

Fantastic news! We've Found the answer you've been seeking!

Question:

A line segment fitted to points whose coordinates are in the order (disposable income, personal consumption expenditure) for a nation passes through points (30, 32) and (57, 54), the numbers being in billions dollar. What are the values, names, and interpretations of the slope and (1 - slope) of this line?

Posted Date: Sep 29, 2021 12:52 AM

See More Questions

Painful Stiff Neck Case Study A white male, 17 years of age presented at the emergency room with a severe headache, vomiting, and a stiff neck with pain running up his back. On admission, his...
What is the slope of the line that passes through the point (4, 7) and is parallel to the line y = 12(x - 5) + 21?
A line passes through the points (630 mm, 255 mm) and (210 mm, 270 mm). Determine the perpendicular distance d from the line to the origin O of the system of coordinates.
On December 1, 2018, BEEN RICHARDS Company entered into two independent forward contracts to sell US$1,200 in 90 days or on March 1, 2019. The exchange rates available on various dates are as...
Some firms assign mixed costs to either the fixed or variable cost categories without using any formal methodology to separate them. Explain how this practice can be defended.
Draw the free-body diagram of the crane boom AB which has a weight of 650 lb and center of gravity at G. The boom is supported by a pin at A and cable BC. The load of 1250 lb is suspended from a...
Arco, Inc. is a small company that installs and repairs home and commercial heating and air-conditioning units. It has 75 employees and recently started selling its stock to extended family, its...
Gill Company, organized in 2017, has the following transactions related to intangible assets . Instructions Prepare the necessary entries to record these intangibles. All costs incurred were for...
1. What is Stock Market Analysis. Explain in Detail? 2. Discuss about Nature and Scope of Stock Market Analysis. 3. Discuss about Basics of Stock Market Analysis. 4. What is Investment? Explain in...
Table contains information about an environmental cleanup project. Shorten the project three weeks by finding the minimum cost schedule. Assume that project indirect costs and penalty costs are...
There are 40 people living in a village each having preference over apples and shirts represented by U(a, b) = a/2/3, where a and s are amount of apples in pounds and shirts consumed, respectively....
Simulate a car sharing system in which car commuters pick up and drop off passengers at designated stations. Assume that there are 30 such stations, one at every mile along a route. At each station,...
Define positioning and branding, and explain why they are so important in creative considerations.
Insureco is a long established insurance company selling both life and general insurance products. It has a direct marketing unit with a large database of policyholders. However, the company...
Using the online fashion brand ASOS as an example, lets explore in Table 8.4 how PESTLE can be used as an evaluation tool to review digital opportunities and threats. Questions Considering the...
A charity marketing manager is looking to understand which of her donors are the most valuable to the charity. Explain which techniques she should use to achieve this. What would she do with the...
Even though it might be decades away, what would you like to do during your retirement? How much money do you think you'd need to save, while you're working, to afford retirement?
Why are stocks usually more risky than bonds?
What is the Standard Industrial Classification (SIC)? In what ways might such a classification system be useful? Can you think of any limitations or problems such a system might have over time?
1. In what ways did the defence industries respond to the ending of the Cold War? 2. Using an Internet search, find out how the defence and security industries have responded to the threat of...
Explain why the business objectives of owners and managers are likely to diverge. How might owners attempt to ensure that managers act in their interests and not in the managers own interests?

A line segment fitted to points whose coordinates are in the order (disposable income, personal consumption expenditure)

Question:

Expert Answer:

The slope interpret tha... View the full answer

Students also viewed these mechanical engineering questions