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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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In the first major pioneering movement, settlers made their way to Oregon and California by way of the _______ Trail.
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In the first major pioneering movement, settlers made their way to Oregon and California by way of the "Oregon Trail", which was also where many settlers would meet with relatives.
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In a true free market economy,which of the following would occur?
Slav-nsk [51]

Answer:

In economics, a free market is a system in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market. In a free market, the laws and forces of supply and demand are free from any intervention by a government or other authority, and from all forms of economic privilege, monopolies and artificial scarcities. Proponents of the concept of free market contrast it with a regulated market in which a government intervenes in supply and demand through various methods such as tariffs used to restrict trade and to protect the local economy. In an idealized free-market economy, also called a liberal market economy, prices for goods and services are set freely by the forces of supply and demand and are allowed to reach their point of equilibrium without intervention by government policy.

Explanation:

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3 years ago
Which colony began as a Swedish settlement
gtnhenbr [62]
New Sweden I think. I hope this helps sorry if it’s wrong!
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