Assume That X, Y, and B Are Positive Numbers

question 84

Multiple Choice

Assume that x, y, and b are positive numbers. Use the properties of logarithms to write the expression in terms of the logarithms of x and y.

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Definitions:

Depreciation

The method of allocating the cost of a tangible asset over its useful life, representing how much of an asset's value has been used up.

Gross Investment

The total amount of money spent on capital goods over a specific time period without accounting for depreciation.

Disposable Income

Income that is available to households after paying taxes and receiving government transfers, used for spending or saving.

C

In the context of economic models, often stands for Consumption, which is a component of the GDP formula representing total spending by consumers on goods and services.