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An ideal reversible heat pump is taking heat from the outside air at -10.0°C and discharging it into the house at 18.0°C.What is the coefficient of performance of this heat pump?
Technological Change
The process of invention, innovation, and diffusion of technology or processes which significantly alters the way goods or services are produced.
Productivity
A measure of the efficiency of production, often quantified as the ratio of outputs produced to inputs used in the production process over a defined period of time.
American Economy
The economic system of the United States, characterized by a mix of private and public enterprises and a relatively high level of technological innovation and productivity.
Savings Rate
The Savings Rate is a measure indicating the proportion of income that households save rather than spend on consumption.
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