A Small Country Consists of Four States, Awesomeland, Bodaciousville, Cooltown

question 13

Short Answer

A small country consists of four states, Awesomeland, Bodaciousville, Cooltown, and Dudesburgh. The total population of the country is 400,000 people. The table below gives the standard quota for each state.

-Based on the scenario above , find the population of Awesomeland.

---

Definitions:

Cyclical Unemployment

Unemployment that results from economic recessions and downturns, reflecting a lack of demand for goods and services.

Money Demand

The desire to hold cash or cash equivalents based on liquidity preference, influenced by interest rates, income levels, and transaction needs.

Interest Rate

The cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal amount per annum.

Nominal Interest Rate

The interest rate before adjustments for inflation, reflecting the rate at which money can be borrowed or lent.