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Explain why a rise in GDP will lead to a rise in the standard of living

A rise in GDP would lead to a reduction in unemployment creating jobs which will provide consumers with increased income and purchasing power and therefore increase their standard of living. If population...

OB
Answered by Omar B. Economics tutor
5605 Views

Explain one benefit of the UK developing free-trade agreements with non-EU countries

It would enable UK firms to trade in foreign markets without tariffs, this is beneficial because the Uk firms would be more competitive with their goods being lower priced. It would also allow for foreign...

OB
Answered by Omar B. Economics tutor
2926 Views

Solve the simultaneous equations 'x-2y=3' and 'x^2+2y^2=27'

Equation 1: x-2y=3Equation 2: x2+2y2=27The easiest way to do this is to put one of these equations into the other, by rearranging for either x or y. Because there are no squares to d...

TK
Answered by Tahmid K. Maths tutor
7280 Views

Make x the subject of the following formula: x/2 + 3 = y - 2

To make x the subject of the formula, we simply want to have x on its own on one side of the equals sign. So we need to remove any numbers on the same side as x. A key rule to remember is that everything ...

TD
Answered by Tutor304375 D. Maths tutor
4978 Views

Make x the subject of the formula: 3x - 2 = y + 10

x = (y+12)/3

JK
Answered by Jameela K. Maths tutor
3618 Views

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