Reduce the Fraction to Lowest Terms by First Factoring the Numerator

question 272

Essay

Reduce the fraction to lowest terms by first factoring the numerator and denominator into the product of prime factors and then dividing out any factors they have in common.

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Definitions:

Government Spending

The total amount of public sector expenditure on goods and services, including investments and transfers, which influences economic activity.

Interest Rates

The cost of borrowing money or the reward for saving, expressed as a percentage of the money borrowed or saved. It influences consumer spending, inflation, and overall economic activity.

Government Purchases

Expenditures by the government on goods and services that are included in the calculation of the country's GDP.

Aggregate Demand

The total demand for all goods and services within an economy at various price levels, in a given period.