GDP nominal: a measure of economic value that takes into account the current market prices of all economic outputs.
Real GDP x GDP Deflator is the nominal GDP.
<h3>How is the real inflation rate calculated?</h3>
The estimation which factors expansion to get genuine Gross domestic product is as displayed underneath: The base year in this formula is the chosen year for which the government conducts periodic updates and is also used when comparing economic data like the GDP. Real GDP = GDP/ (1 + inflation since base year)
<h3>How is the real GDP growth rate calculated?</h3>
The percentage change in real GDP per capita between two consecutive years is used to calculate the annual growth rate of real GDP per capita. A country's or region's real GDP per capita is calculated by dividing GDP at constant prices by the population.
Learn more about GDP here:
brainly.com/question/1383956
#SPJ4
Answer: b. the minor's parents or guardians are responsible
The minor's parents or guardians are responsible for the financial consequences of a minor's driving, whether the minor has a license or not. It is a law under a legal concept called "vicarious liability" imposed in most states in the U.S
Answer:
statistical software
Explanation:
Statistical software -
It refers to the specially designed programs of the computer , which is capable to very efficiently collect , interpret , organize and design the data , is referred to as statistical software .
There are two type of statistical softwares -
The advantage of these software are -
- These software are very beneficial in business , during any major project work.
- Plan the project in a better manner .
- Random data can be easily analysed by these software .
- The efficiency is very high .
Answer:
The correct answer is letter "B": demand tends to be inelastic.
Explanation:
Inelasticity is a characteristic that goods and services have by which their demand does not change in front of fluctuations in price.<em> Consumer staples are considered inelastic goods since people need them to cover basic needs. </em>
Inelasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is lower than one (1) the demand for that good or service is inelastic.
Answer:
The answer is C. Formulas.
Explanation:
Formulas: It is just a mathematical rule that is expressed in numerals or some other symbols and is used to solve a numerical problem.