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A 2.05-kg block of ice is at STP (0°C,1 atm) while it melts completely to water.What is its change in entropy? (For ice,Lf = 3.34 × 105 J/kg)
Total Savings
The aggregate amount saved by individuals, businesses, and the government, often measured over a specific time period.
Capital Formation
The process of building up the stock of physical and financial assets in an economy, often through investment in productive assets.
Autonomous Consumption
The level of consumption that occurs when income is zero; it represents the expenditures that consumers must make even when they have no income.
Induced Consumption
Consumer spending that increases when income increases, and decreases when income decreases, reflecting behavioral responses to changes in income.
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