Answer:
The percentage change in nominal GDP from 2013 to 2014 was 4.29%
The percentage change in real GDP from 2012 to 2013 was 1.48%
The percentage change in real GDP from 2012 to 2013 was higher than the percentage change in real GDP from 2011 to 2012. FALSE
Explanation:
In order to calculate this we just have to calculate the percentages with a rule of thirds:
To calculate the first one we use the nominal GDP which is the GDP with the current market value:
To calculate the change in real GDP we use the values adapted to a pre-agreed monetary value, in this case the dollar at 2009:
To calculate the 2011 to 2012 we insert the values:
So with this we know that it is wasn´t higher the percentage change from 2012-2013, than that of 2011-2012
Answer:
C. Minimizes hiring, layoff, and unemployment costs
Explanation:
The employment-stability policy is a policy that aims to provide security and stability to employees of a company or industry. For workers, this is good because it creates greater security for planning the future of their lives. For businesses, it all depends. If workers keep output at a good level, firms will gain by reducing their spending on hiring research and layoffs.
There is a discussion among economists about the effectiveness of this policy for the economy. Some find it beneficial and others find it can slow down the productivity of workers and the economy as a whole.
Answer:
Option "3" is the correct answer.
Explanation:
Inelastic demand curve depict when there's no evident increase in demand due to an increase in price.
Answer:
C
Explanation:
Money neutrality is a theory which submits that money supply only affect nominal variable and not real variables.
Nominal variables include price, wages and exchange rate
real variables include employment and real GDP
Money is only neutral in the long run and not in the short run because of money illusion. Money illusion causes economic agents to respond to money supply changes.
Money is neutral only in the long run
Answer: Balance sheet
Explanation: In simple words, balance sheet refers to the statement which is prepared by an entity at the end of the financial year for depicting its assets, liabilities and equity in hand at that particular point of time.
Balance sheet shows the net worth of an entity at the end of the year and can also be used to evaluate how much of the assets are funded with the capital and for how much any liability has been taken over.
Thus, from the above we can conclude that the correct answer is balance sheet.
