A nation's nominal GDP is $1.5 trillion with an inflation rate of 5%. ∴ Real GDP is 30 trillion.
<u>Explanation:</u>
Key Terms
GDP deflator: A measure of the level of prices of all new, domestically produced, final goods and services in an economy. It is calculated by computing the ratio of nominal GDP to the real measure of GDP.
real GDP: A macroeconomic measure of the value of the economy’s output adjusted for price changes (inflation or deflation).
nominal GDP: A macroeconomic measure of the value of the economy’s output that is not adjusted for inflation.
GDP deflator( inflation rate = 5% ) =
Inflation rate =
trillion
∴ Real GDP is 30 trillion.
Answer:
Explanation:
Formula
Force = mass × acceleration
147N =? × 9.8 ms2
M =
M = 15
Double Check
15 X 9.8
147N
Hope this helps!
Answer:
1.53 cm
Explanation:
The relationship between wavelength and frequency for a wave is:
where
v is the speed of the wave
f is the frequency
is the wavelength
In this problem, we have:
is the frequency of the ultrasound wave
is the speed of sound in sea water at room temperature
Re-arranging the previous equation and solving for , we find the wavelength of the ultrasound wave:
Answer:
Her real salary has fallen and her nominal salary has risen. The correct option is C
Explanation:
NOMINAL SALARY is defined as the actual amount of money paid to a worker as compensation for work done monthly.
REAL SALARY or wages is defined as the quantity of goods and services an individual can purchase from a monthly income. Therefore it is affected by an increase or decrease in the general price level in an economy( inflation). For instance, if an individual nominal wage is increased by 10% and inflation is 0%( that is, there was no increase in price of goods in the market) then the individuals real wage is increased by 10% too. But if inflation is 10%, then the real wage will be 0% ( meaning the inflation is rising at the same rate with the nominal wage increase).
In the case of the professor, she had $200 increase in her monthly nominal wage and she can buy fewer number of goods and services than she bought last year(increased inflation). Therefore her real salary has fallen because even with the $200 increase, she couldn't buy her usual quantity of goods.