1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GrogVix [38]
3 years ago
12

If the prices of all goods and services produced in the economy rose while the quantity of all goods and servicesstayed the same

, which would rise?
a.both real GDP and nominal GDP.
b.real GDP but not nominal GDP.
c.nominal GDP but not real GDP.
d.neither nominal GDP nor real GDP.
Business
1 answer:
zlopas [31]3 years ago
4 0

Answer:

c.nominal GDP but not real GDP. 

Explanation:

Nominal GDP is total output produced in an economy multipled by current year prices.

Real GDP is total output produced in an economy multipled by base year prices.

Real GDP has been adjusted for inflation and it thus not affected by price increase.

If only price increases and not output, only nominal GDP increases.

I hope my answer helps you.

You might be interested in
_____ gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribut
Lunna [17]

Phased retirement gives employers the benefit of keeping an experienced worker and gives older people a chance to make a continued contribution at a more relaxed pace.

<h3>What is Phased retirement ?</h3>
  • A human resource's strategy called phased retirement enables full-time employees to work part-time hours while starting to receive retirement benefits.
  • Employers may be able to better manage or even lower payroll costs during the transition by utilizing phased retirement.
  • This plan enables the retiree to work less hours, often switching from full to part-time, and uses less payroll funds.
  • It is completely optional and requires the agreement of both the employee and the hiring organization.
  • An employee must have worked three years straight at a full-time job in order to be eligible to participate.

Learn more about retirement here:

brainly.com/question/14502477

#SPJ4

4 0
1 year ago
Denise Hunter had Thomasville brand living room furniture and wanted to buy a particular chair of the same brand. She made a few
miskamm [114]

Answer:

a specialty product

Explanation:

Based on the scenario being described within the question it can be said that For Denise, the chair can be categorized as being a specialty product. This is a product that very specific individuals will seek to purchase due to the product's unique characteristics or the individuals loyalty to a specific brand. Which is the case with Denise, since she is loyal to the brand and wanted a chair only from that specific brand.

7 0
2 years ago
What reasons would retailers have for marking prices lower
UkoKoshka [18]
To attract customers to their store and not their more expensive competitors?

4 0
3 years ago
A vendor makes a new smartphone and presells four thousand units for $300 each. The factory has the capacity to produce one thou
Oksanka [162]

Answer:

2. Limited supply would increase the price

Explanation:

In the given case the vendor sells in advance four thousand units for $300. While the installed capacity of the factory being to produce 1000 smartphones every month.

Expected sales being 500 units per month.

During the first few months, since the seller has already successfully sold 4000 smartphone units, high demand for the smartphones is evident.

Since the supply is limited to 1000 units only in a month and the quantity demanded being more as is evident by 4000 units being pre sold, during the initial phase, this would create a high demand.

And since the supply is limited, the seller will have to increase the price as the demand is lot more.  

7 0
2 years ago
Which question can best help a consumer assess risk when purchasing insurance? How much must be paid to make a claim? What probl
Misha Larkins [42]

Answer: the answer is : What problems are most likely to happen?

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • Please help me with this
    5·1 answer
  • You put money into an account that earns a 5 percent nominal interest rate. The inflation rate is 2 percent, and your marginal t
    13·1 answer
  • Who might benefit from using a functional resumé?
    9·1 answer
  • Suppose the price index was 105 in 2017, 126 in 2018, and the inflation rate was lower between 2018 and 2019 than it was between
    8·1 answer
  • The purpose of a(n) _____ is to obtain additional information on a candidate and to clarify information gathered throughout the
    5·2 answers
  • Cortez Company sells chairs that are used at computer stations. Its beginning inventory of chairs was 100 units at $60 per unit.
    5·2 answers
  • The following data pertain to the Oneida Restaurant Supply Company for the year just ended.
    10·1 answer
  • Do you think Instagram’s main goal is to connect you with friends and family or brands? Why?
    7·1 answer
  • Consider a labor market in equilibrium. If the demand curve shifts to the right while the supply curve stays constant, then the
    12·1 answer
  • Consider the AD/AS framework seen in lectures. Say that, given the recent data on jobs added to the economy, firms feel confiden
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!