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Kazeer [188]
3 years ago
5

Give an example to describe the difference between Nominal and Real GDP.

History
1 answer:
Fed [463]3 years ago
4 0

Answer:

Nominal GDP is the GDP without the effects of inflation or deflation whereas you can arrive at Real GDP, only after giving effects of inflation or deflation.

Explanation:

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How is the communism of the Cuba similar to Marx’s ideas? How is it different from them?
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Answer:

In the first place, it must be said that despite his immense intellectual contributions and his deep analysis of 19th century capitalism, Charles Marx didn´t leave any book or writing outlining how a communist society would look like. He only wrote once that in communism, every person will go from receiving according to their capacity to receiving according to their needs. This is a very vague idea. So, is Cuba true to Marx? It´s hard to say. Paramount leader Fidel Castro built a Communist Party and a communist state following the Soviet model. In orthodox Marxist practice, the government is the dictatorship of the proletariat, of the workers. What we have actually seen in Cuba is a dictatorship of Fidel Castro and his brother Raúl Castro, in which they and a small elite of top party, state and military officials hold power exclusively.

Prosperity in Cuba? Definitely no. The Cuban experiment is a failure after 60 years of communist rule; the Cuban economy is not dynamic, it is dominated by the higly ineffective state-run mammoths, many Cubans live in nearly-poverty, food rationing continues, it is tecnologically backward. No democratic freedoms. Most young people want to emigrate and settle in the US or elsewhere. The traditional Soviet-like economic model, a command economy, is a system that can´t create wealth and can´t lead to prosperity because its ideological foundations are wrong; only an economy based on a free-market and private enterprise can generate and sustain wealth. The American embargo is usually blamed by Cuban leader as the main reason for this situation, but Cuba can import technology from other countries, trade with them and get investments. So, why does it continue to lag behind?

Explanation:

8 0
3 years ago
Explain what targets president johnson’s wanted to strike and why
Sergeu [11.5K]

Answer:

negotiators were brought to the White House until an agreement regarding the railroad strike was met

I hope this helps!

Explanation:

4 0
3 years ago
Comparing what is learned in anthropology to current cultures is _______.
abruzzese [7]
The best and most correct answer among the choices provided by the question is the second choice. <span>Comparing what is learned in anthropology to current cultures is applied anthropology. </span>I hope my answer has come to your help. God bless and have a nice day ahead!
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3 years ago
Which of the following best explains the difference between a fixed currency
Lilit [14]

Answer:

The price of a floating currency is determined by the currency exchange market while the price of a fixed currency is connected to the price of some other commodity.

6 0
4 years ago
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How is the church of lacedonia different from the church of Philadelphia
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Answer:

Church of Lacedonia is different from the church of Philadelphia by having Christian community that was established in the ancient city of Laodicea (on the river Lycus, in the Roman province of Asia, and one of the early centers of Christianity). The church was established in the Apostolic Age, the earliest period of Christianity, and is probably best known for being one of the Seven churches of Asia addressed by name in the Book of Revelation.

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