Convert to Higher Terms: 7/19 = ?/114

question 87

Short Answer

Convert to higher terms: 7/19 = ?/114

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Definitions:

Aggregate Quantity

The total amount or volume of a particular good or service produced or consumed in a given period.

Aggregate Demand Curve

A graphical representation showing the relationship between the overall price level in the economy and the total demand for goods and services at that price level.

Real Output

The total value of all goods and services produced by an economy, adjusted for inflation, representing the actual productivity.

Price Levels

A calculated average price for every good and service produced domestically.