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On the Richter scale, the magnitude R of an earthquake is given by the formula where I is the intensity of the earthquake being measured and
is the standard reference intensity. Suppose an earthquake is measured with a magnitude of 6 on the Richter scale with an error of at most 2%. Use differentials to find the error in the intensity of the earthquake. Round your answer to the nearest integer.
Trade Deficits
A situation in which a country's imports exceed its exports, resulting in a negative balance of trade.
Speculation
The act of investing in financial assets with the hope of profiting from future price changes, often involving significant risk.
Nation's Currency
The legally accepted form of money that circulates within a country and serves as a medium of exchange, store of value, and unit of account.
Exchange-Rate Systems
The rules and conventions that govern how the value of a country's currency is determined in relation to other currencies.
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