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xenn [34]
3 years ago
10

If real income rises from $5 trillion to $6 trillion while the price level increases by 10 percent, it follows that nominal inco

me:
Business
1 answer:
AVprozaik [17]3 years ago
7 0

The nominal income will increase with the increase in the real income.

<u>Explanation:</u>

Real income of the person is the buying or the purchasing capacity of the person. It is the nominal income adjusted for inflation. If there is an increase in the real income more than the increase in the level of the prices at a particular period of time, it means that the level of nominal income of the person will also increase.

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During the process of operational planning, management must compare market demand with
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4 years ago
When​ materials, information, and services gain value as they move from the​ raw-materials supplier to the end​ customer, they a
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Answer:

When​ materials, information, and services gain value as they move from the​ raw-materials supplier to the end​ customer, they are said to be moving through​ ________.

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Explanation:

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8 0
3 years ago
A good place to begin an interior structure inspection is the A. basement. B. garage. C. attic. D. plumbing system.
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3 0
4 years ago
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The steeper an isoquant is ​(labor measured on the horizontal axis​): A. the greater is the level of output. B. the greater is t
Volgvan

Answer:

C. the greater is the marginal productivity of labor relative to that of capital

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When adding one factor holding the other factor constant inevitably, leads to lower output levels, the isoquant must become steeper, as more capital is added instead of labour, and flatter when labour is added instead of capital. Returns to capital even decline.

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3 years ago
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