Answer:
A. Nominal GDP is $2,000, real GDP is $2,000 and GDP deflator is 100.
Explanation:
Nominal GDP is the the total value of goods produced in a country in a given time period and valued at the current market price i.e not adjusted for inflation.
Here to calculate nominal GDP for Mainia in 2006, the total quantity of goods produced in the current year(2006) will be multiply by the current market price.
Cranberries Maple Syrups Total
50 units 100 units
<u>$20</u> <u> $10</u>
$1,000 $1,000 $2,000
In contrast, Real GDP is measured using the base year price. The reason is to adjust for inflation which might have occurred between the two years.
Here to calculate real GDP for Mainia in 2006, the total quantity of goods produced in the current year (2006) will be multiply by the base year price (2005):
Cranberries Maple Syrups Total
50 units 100 units
<u>$10 </u> <u> $15 </u>
$500 $1,500 $2,000
GDP deflator measures the movement in value of goods and services produced in the current year in relation to the base year value.
Here is the formula:
GDP deflator = <u>Nominal GDP</u> x 100
Real GDP
GDP deflator = <u>$2,000</u> x 100
$2,000
GDP deflator = 100
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Answer:
Hi
The report is a text written in prose with the objective of informing a specific reader or readers about the specific events or activities. The purpose of the report is to inform. However, the reports may include persuasive elements, such as recommendations, suggestions or other conclusions that indicate possible future actions that the reader of the report could take. It must have the following characteristics:
-It must be an expository text.
-It must be an explanatory text.
-Its purpose is to give information on research results.
-You should focus on a specific topic.
-You must use an objective language.
-You must write in the third person.
-Its predominant structure is the enunciative.
-In this type of texts there is also an argumentative structure.
-In these reports the descriptive structure appears because facts are described.
Explanation:
Answer:
The correct answer is option A.
Explanation:
Consumer spending refers to the expenditure of households on consumer goods and services. The aggregate consumer spending depends upon the disposable income of the consumer, the real interest rate, consumer optimism and wealth.
Consumer spending is positively related to disposable income, consumer optimism and wealth. The real interest rate is inversely related to consumer spending.