Granite insurance company entered into a treaty reinsurance agreement with rock solid reinsurance (rsr). granite's retention limit is $400,000 and rsr agreed to provide reinsurance for up to $2.0 million. if granite writes an $800,000 policy, rsr is responsible for 50 percent of the losses. if granite insures a $1.6 million risk, rsr is responsible for 25 percent of any losses. what type of reinsurance arrangement did granite enter into with rsr?

Suppose the government enacts a stimulus program composed of $600 billion of new government spending and $300 billion of tax cuts for an economy currently producing a gdp of $14 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.)