Answer:
(i) Base year prices
(ii) between two consecutive years
Explanation:
formula for GDP deflator is (real GDP)/(nominal GDP) x 100 which is the numerator real GDP where prices are valued at the current year adjusted to inflation or deflation and then the denominator where prices are valued at a base year where prices are valued at a nominal year which are not adjusted to any inflation or deflation.
The CPI ( consumer price index) is calculated by determining the rise or fall in price of a good or goods in two consecutive periods which in turn gives us the increase or decrease in price percentage.
To become industrial, a nation must have raw materials, workers
and capital is absolutely true. Without any of the things mentioned, it is
impossible to become an industrial nation. The raw materials are required to
produce the finished product. The workers are the ones that work in industries
to produce the finished proudest from the raw materials. It can be physical as
well as mental labor. Capital is required to buy raw materials and labor for
getting the finished product and make profit.
Answer: suggests that the firm's previous choices were not the best ones.
Explanation: For a long-tenured top-level manager to make such proclamation, shows the inefficiencies of the firm which he is a part of. He obviously has been with the firm for a very long time and making that proclamation will also be a dent in his image as a manager.
Answer:
D
Explanation:
its is D because why not ight
