Use Cramer S Rule to Find the Solution Set for the System

question 52

Short Answer

Use Cramer s rule to find the solution set for the system. $$\left( \begin{array} { l } y = 2 x - 7 \\4 x - 5 y = 5\end{array} \right)$$ If the equations of the system are dependent, or if a system is inconsistent, so indicate. In those cases enter dependent or inconsistent . Otherwise, enter your answer in the form ( x , y ).

Elaborate on the concept and significance of the corporation as a legal fiction and the role of agents in corporate governance.

Understand the impact of tariffs on domestic prices and production levels.

Comprehend the concept of tariff revenue and how it is affected by changes in tariff rates.

Analyze the effects of free trade versus protected trade on domestic markets.

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Definitions:

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), reflecting the actual value of goods and services produced.

Nominal GDP

The market value of all finished goods and services produced within a country in a year, not adjusted for inflation.

Real GDP

The total value of all goods and services produced by a country adjusted for inflation, providing a more accurate measure of economic output over time.

Intermediate Goods

Products that are used as inputs in the production of other goods or services and are not final products themselves.