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tino4ka555 [31]
3 years ago
7

Suppose the nominal GDP for year A is $500,000 and the nominal GDP for the same economy in year B is $400,000. The real GDP for

year A is $500,000, and the real GDP for year B is $500,000. The same amount of goods and services were produced each year. What happened to the prices of goods and services between year A and year B? Explain
History
1 answer:
Mice21 [21]3 years ago
8 0

Answer:

Explanation:

It should be understood that the nominal GDP is the total value of all goods and services produced in a given time period, usually quarterly or annually with inflation, while that of Real GDP is the inflation-corrected value of goods.

This means that the inflation during year B is higher than that of year A and that's why the nominal GDP of year B is a bit lower than that of year A.

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Explanation

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3 years ago
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kumpel [21]

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4 years ago
Which answer BEST links the relationship between Nixon's "Silent Majority" Speech and Vietnamization?
MissTica
<h2>Answer:</h2>

The answer that best links the relationship between Nixon's "Silent Majority" Speech and Vietnamization is <u>C) Nixon's "Silent Majority" speech endeared across America as the President who wanted to end the war in Vietnam abruptly</u>.

<h2>Explanation:</h2>

On 3rd November 1969, when it had roughly been only 20 months of Richard Nixon becoming the President of the United States, he addressed all the Americans by taking to national television and delivering a speech.

He demanded to silent Americans to voice their opinions so that he can take steps to end the war going on in Vietnam. The speech referred to the people in from old generation and some of the young people served in Vietnam War.

6 0
4 years ago
Which of the following is a basic characteristic of all economic systems?
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 hope this helps you :)

6 0
4 years ago
Why would the South be encouraged with the success of the Ostend Manifesto?
zvonat [6]

Answer:

A

Explanation:

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