Answer:
D. The average price level in the economy remained stable over the two years.
Explanation:
Real GDP is a GDP measured using the price of a certain base year as opposed to GDP measured at current prices known as nominal GDP. GDP at current prices may be affected by inflation or deflation and must be deflated if the economy is experiencing inflation. The value of $700,000 for commodity A in 2012 is supposed to deflated to remove the effect of inflation and the value will come back to 2011 value of $500,000 , but if the price level is fairly stable the GDP deflator can not bring it back to $500,00, but some higher value.
<span>Higher taxes will provide to the growing number of senior citizens. There are much more elderly citizens now than there were 50 years ago with the baby boomers aging into their golden years. In order to provide services for these individuals, taxes could likely increase to cover the increasing costs.</span>
Answer:
A.
Explanation:
Digital payments require users to have a bank account.
I would say that Ernest is experiencing culture shock with regards to his initial experiences in China. The behaviour of his clients to his request for a signed contract, the cities being so crowded and transportation being difficult within the cities and food he liked being hard to find are all aspects of this. However, if he persisted he probably would find ways of dealing with these things and discover how to develop trust with his clients, find transportation that suited him and with searching and asking find at least one or two places that had the food he liked. From my own experience, I had a job in El Salvador and suffered culture shock re how aggressive the drivers were so I learned to be aggressive or at least assertive in my driving and thus had more success in this respect.