Answer:
c. Nominal incomes are determined by nominal factors; they are not affected by real factors.
Explanation:
Real value is nominal value adjusted for inflation. The real value is obtained by removing the effect of price level changes from the nominal value of time-series data, so as to obtain a truer picture of economic trends. The nominal value of time-series data such as gross domestic product and incomes is adjusted by a deflator to derive their real values.
The nominal values of something are its money values in different years. Real values adjust for differences in the price level in those years. For a series of nominal values in successive years, different values could be because of differences in the price level. But nominal values do not specify how much of the difference is from changes in the price level. Real values remove this ambiguity. Real values convert the nominal values as if prices were constant in each year of the series. Any differences in real values are then attributed to differences in quantities of the bundle or differences in the amount of goods that the money incomes could buy in each year.
I think the last one is correct
Answer:
Road building and purchasing military equipment are examples of purchasing by government.
Explanation:
The government is responsible for the purchasing of military equipment and road building.
This purchases fall under the category of gross investment expenditures.
Investment meaning that the government treats this as its own assets.
The government also purchases infrastructure projects where roads fall into and also payrolls of civil servants.
Answer:
Is there choices. I bet there is choice...well a lot of countries now didn't exist before...like the United States, Czech Republic, and Montenegro!!!
Explanation:
Answer:
It pays wages to government employees
