The Weight of a Piece of Lumber Is 2 Lb

question 27

Multiple Choice

The weight of a piece of lumber is 2 lb. The weight of the same piece after it is fully dried is 1.8 lb. What was the original moisture content in the wood?

• A)9%
• B)15%
• C)11%
• D)7%
• E)None of the above

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Definitions:

Bureau of Labor Statistics

A government agency that collects, analyzes, and disseminates essential economic information to support public and private decision-making.

Natural Rate

The rate of any economic variable, such as unemployment or interest, believed to be inherent when the economy is in equilibrium.

Economic Policy

A course of action that is intended to influence or control the behavior of the economy, including taxation, government budgets, and interest rates.

Complex Economy

An economic system featuring a vast array of goods and services, multiple levels of production, and interconnected markets and actors.