If nominal output is 5.28 trillion also the gdp deflator is, Ask an Expert

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Q1. Suppose you "tested" several Firestone tires also recorded their failure times (as defined by an engineer). After doing a Chi-Square test, you decide that failures are "normally" distributed, with mean failure of 50,000 miles also a standard deviation of 10,000 miles. Conclude the following:

a. Reliability of the tries at 40,000 miles.

b. Given that a tire has been driven (on a test machine) 20,000 miles, conclude its reliability at 60,000 miles.

Q2. If nominal output is $5.28 trillion also the GDP deflator is 20 percent higher than what is the output in the base year other than real output?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9162196

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