All categories

3 years ago

How does nominal GDP differ from real GDP?

2 answers:

6 0

The main difference between nominal and real values is that real values are adjusted for inflation, while nominal values are not.
Hope this helps and warm wishes to you

ankoles [38]3 years ago

4 0

The main difference between them is that real GDP is adjusted for price changes that caused by either inflation (which will increase price of products) or Deflatio (which will lower price of products).
Nominal GDP on the other hand, is calculated at current market value without considering both inflation and deflation.

You might be interested in

Harold bought land from Jewel for $150,000. Harold paid $50,000 cash and gave Jewel an 8% note for $100,000. The note was to be

Flauer [41]

Answer: b. Harold is not required to recognize gross income but must reduce his cost basis in the land to $130,000.

Explanation:

When Harold bought the land for $150,000 he acquired a basis of $150,000 in the land. Due to Jewel's cash problems, he managed to pay $20,000 less for the land.

For tax reporting purposes, he need not recognize gross income but he must reflect that he acquired the land for $20,000 less in his basis for the land thereby reducing the basis to $130,000.

8 0

4 years ago

Statistical software is considered a complement in the demand for economists. this means that if the demand for economists incre

dlinn [17]

Increase because the software will become more in demand from the more economists.

7 0

4 years ago

Your coin collection contains 54 1952 silver dollars. if your grandparents purchased them for their face value when they were ne

shusha [124]

To know how much will be you collection worth when you retire in the year 2064, we will use the formula of the future value or FV.

To find the FV of a lump sum, we use:

FV = PV(1 +r)^t where, t = 2064 – 1952 = 112 r = 4.5 x 100 = 0.45 PV = $54 Solution: tFV = $54(1.045)^112 = $7471.68

3 0

3 years ago

While most marketing to Generation Y tries so hard to be hip that it borders on parody, Vans has kept the decades-old brand real

anastassius [24]

Answer:

age

Explanation:

Based on this information it can be said that in this scenario the segmentation plan used by Vans relies heavily on age segmentation. This is when the company focuses on certain age groups to target within the population. Which in this scenario the Vans company is targeting strictly individuals between the ages 24 and 39 which are referred to as Generation Y.

4 0

4 years ago

Read 2 more answers

At a career fair there are two types of job seekers, ones with low experience (Elow) and those with high experience (Ehigh). 70

Ivenika [448]

Answer:

Check the explanation

Explanation:

Coaching

Implied utilization

Arrival of Elows = 70 per hour

Coaching time = 10 mins per Elow

Total Workload= 70*10 = 700 coaching mins

Available coaching hours = 11*60 = 660 mins

Implied utilization = Total demand / Available capacity

= 700/660

= 1.0606

Maximum flowrate = 660/10 = 66 Job seekers per hour ( or Elows per hour)

Actual flowrate = 66 Job seekers per hour (as this process is bottleneck)

Interview process

Total workload = 70*15+30*30

=1950 mins

Available capacity = 40*60 = 2400 mins

Implied Utilization = 1950/2400 = 0.8125

Expected interview time = (0.70*15+0.30*30)

Maximum flow rate = 2400/(0.70*15+0.30*30)

=123.0769 job seekers per hour

Actual flow rate:

Actual arrival rate of Elows (from Coaching process) =66 Elows per hour

So, Total arrivals =66+30 = 96

Since, this process has capacity more than demand

Actual flow rate = 96 job seekers per hour

kindle check the attached image below see the diagram explaming .

7 0

3 years ago