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A thunderstorm is brewing in the distance.Upon seeing a flash of lightning you begin counting the seconds until you hear the thunder and notice that it took 6 seconds for the sound of
Thunder to reach you.Assuming the speed of sound in air to be , how far away was the
Lightning strike?
British Pound
The currency of the United Kingdom, often symbolized as £ and known officially as the pound sterling.
Economic Boom
A period of significant economic growth, expansion, and prosperity.
Recession
A significant decline in economic activity spread across the economy, lasting more than a few months, visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
Purchasing Power Parity Theory
An economic theory that states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.
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