Identify one similarity in the way elites used art or architecture in Europe and in Asia during the period 1450–1750.
1 answer:
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Hello. You did not add the graphics to which this question refers, which makes it impossible for your question to be answered. However, I created a model chart that represents the situation shown in the question and that can help you. This chart is attached in the figure below.
Notice, in the graph that the more students attended more character education classes, the greater their acts of foolishness. On the other hand, these acts tend to decrease as students have attended less classes, reaching a very low result for students who have not attended any class of this type of education.
Answer:
a) The nominal GDP in 2018 is $1600,000,000
b) Expenditures and income within the economy should balance
c) GDP deflator pertains to all produce goods and services while CPI deflator covers only goods and services bought by consumers
d) The real GDP is $1,000,000,000
e) Increased by $65 million
Explanation:
a) The equation for finding the GDP is presented in the following equation;
GDP = Consumption + Investment + Government Spending + Net exports
That is;
GDP = C + I + G + (X - IM)
Therefore, the GDP = 1,000 + 400 + 300 - 100 = 1,600
Hence the nominal GDP in 2018 = $1,600,000,000
b) Here we have the income approach to GDP is premised on the fact that the economy expenditures should balance the income generated by the economic production of goods and services within the economy.
c) The difference between CPI and GDP deflator is that GDP deflator takes into account the prices of services and goods produced while on the other hand, the CPI deflator accounting is based only on the prices of goods and services which customers bought.
d) Here we have;
Therefore, where, the GDP Deflator = 160 we have;
Hence;
The real GDP = $1,000,000,000
e) The GDP in the scenario will be calculated by the final goods approach such that the countries GDP will be calculated based on the final sales by the bakeries, that is an increase of $65 million.