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jonny [76]
1 year ago
12

Nominal gdp is a good snapshot of the current value of production in an economy but it cannot be used to make comparisons over t

ime because:________
Business
1 answer:
shepuryov [24]1 year ago
4 0

Nominal GDP is a good snapshot of the current value of production in an economy but it cannot be used to make comparisons over time because prices change.

Nominal GDP is an indicator used to understand a country's economy. It measures the current value of production of a country. But it cannot be considered as a good measure. One important drawback of Nominal GDP is that it cannot be used to make comparisons of production prices over time because it doesn't take inflation into account.

Nominal GDP works only with current prices and the price changes will not be seen when calculated through years.

So Real GDP is considered for comparisons of product prices over time.

Learn more about Nominal GDP at brainly.com/question/8151973

#SPJ4

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Which of the following statements best describes the attitudes of an old-style manager?Most people wish to avoid responsibility,
Shkiper50 [21]

Answer:

The correct answer is: Most people wish to avoid responsibility, have little ambition, and want security.

Explanation:

This type of management thinking responds to the early theories of management, more especially to the classical theories of organization. These theories were devoted to the superior's authority, objectives, rules and, economic activities.  They organized men and materials for achieving objectives for their benefits, characterized by a large and complex atmosphere with impersonal detachment from human resources.

The motivation of workers were purely by bonus and monetary benefits. The general idea was that workers were inspired to perform the job if they are paid according to their contributions. Workers are considered economic beings.  Man was considered a rational and not an emotional being.  It assumes that man wants only money, and this assumption provides the maximum opportunity to exploit employees.  The idea that people avoid responsibility is due to the hierarchy and chain of command, the responsibility of the work rests on the superior.

8 0
3 years ago
A. Fiscal Policy involves changing _______________. In the United States, Fiscal Policy is implemented by the ____________.
Ede4ka [16]

Answer:

a. Fiscal Policy involves changing <u>government purchases and tax</u>. In the United States, Fiscal Policy is implemented by the <u>federal government</u>.

b. <u>An expansionary fiscal policy </u>can be used to address a Recessionary Gap by<u> </u><u>reducing</u><u> </u>taxes and <u>increasing</u><u> </u>government purchases.

Explanation:

Fiscal policy can be described as the employment of the government purchase and taxation level by the federal goveernment with the aim of influencing the aggregate demand and economic activity level.

Expansionary fiscal policy occurs when the government increases its purchases and reduces taxes in order to close Recessionary Gap, while contractionary fiscal policy is when the government reduces it purchases and increases taxes.

Based on this explanation, we have:

a. Fiscal Policy involves changing <u>government purchases and tax</u>. In the United States, Fiscal Policy is implemented by the <u>federal government</u>.

b. <u>An expansionary fiscal policy </u>can be used to address a Recessionary Gap by<u> </u><u>reducing</u><u> </u>taxes and <u>increasing</u><u> </u>government purchases.

6 0
2 years ago
Elda is a recent fashion graduate. She started her own apparel store with an investment of $300,000. In the first year she made
ASHA 777 [7]

Answer:

D. Opportunity cost.

Explanation:

Since she could have taken a job and would have earned $62,000, this represents opportunity cost, lost due to the decision of starting her own apparel store. Opportunity cost is the cost of foregone alternative. Therefore, if there are two alternative X and Y, and alternative Y has a benefit of $M, then by choosing alternative X, the decision-maker is giving up a benefit equal to $M, which is the opportunity cost associated with choosing alternative X over alternative Y.

6 0
2 years ago
The best type of visual aid for showing trends overtime is
diamong [38]
The correct answer to this question would be A) a table

8 0
3 years ago
Comparative income statements for Boggs Sports Equipment Company for the last two months are presented below: July August Sales
pantera1 [17]

Answer:

Which of the selling and administrative expenses of the company is variable?

Answer: Sales has been decreased by 9.09% (-1,000 / 11,000 X 100) as compared to previous month. So, the expense which has been proportionally decreased is variable expense in nature.

Rent has been fixed during the months.

Sales commission has been decreased by 9.09% (-1,200 / 13,200 X 100)

Maintenance expense has been decreased by 3.7% (-500 / 13,500 X 100)

Clerical expense has been decreased by 6.25% (-1,000 / 16,000 X 100)

So, Sales commission expense is the variable expense in sales and administrative expenses.

4 0
3 years ago
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