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
lana66690 [7]
3 years ago
7

If real GDP in 2012 using 2011 prices is higher than nominal GDP of 2012, then ________.

Social Studies
2 answers:
olga_2 [115]3 years ago
8 0

Answer:

d. prices in 2012 are lower than prices in the base year.

Explanation:

Gross domestic product (GDP) refers to the monetary value of all the goods and services that are produced in a country especially within a year.

Nominal GDP refers to GDP measured at current market prices without adjusting for inflation or the effect of changes in prices.

Real GDP refers to GDP measured at base year prices and is therefore corrected for change in prices or inflation.

Since real GDP is inflation adjusted by using base year price, the only reason that can make real GDP in 2012 using 2011 prices to be higher than nominal GDP of 2012 is when prices in 2012 are lower than prices in the base year. This is because a higher base year price is now used to estimate value the same quantity of goods and services produced in 2012 instead of a lower 2012 price.

klemol [59]3 years ago
3 0

b.

prices in 2012 are higher than prices in the base year

You might be interested in
Which geographic feature(s) formed the boundary for
Elodia [21]
I believe it’s the Gulf of Mexico. Not 100% certain
7 0
3 years ago
Read 2 more answers
What would you expect your<br> journey West to be like?
lesya [120]

Answer:

Just one word: Awesome

Explanation:

MARK ME AS BRAINLIEST

3 0
2 years ago
Read 2 more answers
What is an example of a regressive tax?
kipiarov [429]

Answer:

Sales tax would be an example of a regressive tax because people with higher incomes will spend more on things such as food and clothing causing them to pay more in sales tax than someone with a lower income who will spend less on clothing and food.

Explanation:

4 0
2 years ago
In which of the following concepts did Jan Hus believe? A.salvation through good works B.salvation through faith C.indulgences D
rosijanka [135]
D. Predestination.
That Answer Correct! 
7 0
3 years ago
Read 2 more answers
How do the civil liberties ariculated in the Russian Consitution compare with those articulated in the amendemens to the US Cons
jenyasd209 [6]

<u>Answer: </u>

Both the U.S. and the Russian Constitutions grant the right of free speech, but the Russian Constitution restricts the use of informal, abusive, and derogatory language to this freedom.

<u>Explanation: </u>

  • The Constitutions of both the countries, namely the United States and Russia are similar on the grounds of certain rights granted by both, but most rights granted by the United States Constitution are unrestricted as long as they do not threaten the national interest of the country.
  • The Constitution of Russia applies certain restrictions on the use of rights citing that as a need to keep the integrity of the nation unharmed.
3 0
3 years ago
Other questions:
  • Whenever megan uses cocaine she experiences intense euphoria, mental alertness, and increased self-confidence. megan believes sh
    15·1 answer
  • How was Mexico described in the 1900s
    15·2 answers
  • In 150-200 words, compare the Acts of Dismay to the Intolerable Acts. Which group of acts had the most immediate impact on the r
    8·1 answer
  • If both the president and the vice president are unable to fulfill their duties, who takes over as
    7·2 answers
  • Why was the 2006 election significant for president George bush
    11·1 answer
  • ________________________ and his troops were trapped and outnumbered by the Union soldiers.
    14·1 answer
  • Each of the following area is an example of where government policy differs between nonprofit and for-profit corporations EXCEPT
    10·2 answers
  • Which iron tools did the people use on ancient time?​
    6·1 answer
  • Karl Popper, a 20th-century philosopher, claimed that genuine scientific theories are __________. A. Falsifiable B. Reproducible
    9·1 answer
  • A driver who feels justified in dominating others and participates in crash-causing behavior is a/an
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!