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ICE Princess25 [194]
3 years ago
8

Janice has calculated the GDP for 2018 by using the total final goods and services times the 2018 prices of total goods and serv

ices. If Janice wishes to create a real value GDP value for 2018, what must she do? a. Janice must adjust the total value 2018 GDP for inflation. b. Janice must multiply the total value by the projected GDP for 2019. c. Janice must divide the total value of consumer goods by the exported goods values. d. Janice must only consider real goods and remove services from the calculation.
Business
1 answer:
zubka84 [21]3 years ago
5 0

Answer:

a. Janice must adjust the total value 2018 GDP for inflation.

Explanation:

Gross domestic product is defined as the amount of goods and services produced by a country in a particular period. It is a measure of economic growth of the country.

Real GDP is calculated from GDP by adjusting for inflation of deflation. Real GDP gives a more clear picture of the economy since it considers the reality of inflationary effect on prices.

For example when prices go up and GDP is used, it will seem the country is producing more. Which is a wrong assumption.

Real GDP give a more accurate insight into a countrie's productivity.

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3 years ago
The price of coffee rose sharply last month, while the quantity sold remained the same. five people suggest various explanations
Virty [35]
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3 years ago
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Lindley Corp.'s stock price at the end of last year was $33.50, and its book value per share was $25.00. What was its market/boo
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Answer:

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To calculate the ratio:

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