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kkurt [141]
2 years ago
5

What year began the worst economic recession since the great depression?.

Business
1 answer:
Kamila [148]2 years ago
4 0
2007 to the year of 2009
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"Which of the following is correct?
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Answer: Option (B) is correct.

Explanation:

The nominal GDP is equal to the real GDP in the base year, that's why GDP deflator in the base year is equal to 100.

GDP deflator is calculated as the nominal GDP divided by the real GDP multiply by 100. It is shown as:

GDP deflator = \frac{Nominal\ GDP}{Real\ GDP} \times 100

GDP deflator would be used as the conversion factor that transformed the real GDP into nominal GDP.

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3 years ago
Exhibit 5-2 price and quantity demanded data price quantity demanded 5 20 4 25 3 30 2 35 1 40 using exhibit 5-2, what is the pri
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Using mid point method

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As we know

Elasticity of Demand = Change in demand / Change in price

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what are the positives and negatives of starting your career planning now while still in middle school?
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