Use the Given Data

question 175

Short Answer

Use the given data:
Los Angeles: Latitude 34.05°N and Longitude 118.25°W;
Hawaii: Latitude 21.3°N and Longitude 157.83°W.Find the distance from Los Angeles to Hawaii (Assume the radius of earth is 3960 miles.)

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Definitions:

Natural Rate

The natural rate refers to the long-term unemployment rate that an economy experiences under normal conditions, unaffected by short-term cyclical fluctuations.

Full-Employment

A scenario where an economy utilizes all accessible labor resources in the most optimized manner.

Potential Output

Represents the highest level of real Gross Domestic Product (GDP) that can be sustained over the long term without increasing the rate of inflation.

Sustainable Output

The level of production that can be maintained over the long term without depleting natural resources or harming the environment.