When Using the Substitution or Elimination Method to Solve a System

question 114

Essay

When using the substitution or elimination method to solve a system of two equations, you end up with an
equation stating 0 = 7. What does this indicate to you about the system of equations?

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country in a given year, expressed in constant prices.

Total Spending

The aggregate amount of money expended by individuals, businesses, and governments on goods and services within a certain period.

Output of Goods

The total amount of products, including goods and services, produced by a company or country within a specified period.

Higher Prices

A scenario where the cost of goods or services increases, often due to factors such as inflation, increased demand, or higher production costs.