Using the Method of Comparing Times to Get a Handle

question 17

Essay

Using the method of comparing times to get a handle on the large distances in astronomy, compare the size of Earth to the size of the visible universe. Start by making the size of the Earth comparable to a snap of your fingers, which lasts about 1/7 seconds. Show your computation.

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Definitions:

Net Capital

The difference between a company's or country's total assets and its total liabilities, indicating the net value of its capital resources.

Loanable Funds

The market where savers supply funds for loans to borrowers, influenced by the interest rate.

Tax Rebate

A financial refund provided by the government to taxpayers, typically to stimulate the economy or encourage certain behaviors.

Open-Economy Macroeconomic Model

A framework for understanding and analyzing the interactions between a country's economy and the rest of the world, including trade and capital flows.