GDP is the total sum of the wealth produced in a country over a given period of time, usually one year. Nominal GDP is GDP at current prices, while nominal GDP is deflated GDP, ie, discounted inflation. Thus, if the inflation rate is 5% = 0.05, we have to use the formula for the real GDP calculation:
Real GDP 2018 = Nominal GDP / 1+ inflation rate
Real GDP = 315 / 1.05 = $ 300 (in billions).
To calculate the GDP growth rate between 2017 and 2018, just narrow the difference between real GDP for both years and divide by the value of real GDP for 2017. The result must be multiplied by 100 to find the percentage value.
GDP growth rate = {(300 - 273) / 273} * 100 = 9.89%
Answer:
there are no statements to choose from.
The group is most likely to be effective at generating solutions if it is midsize and diverse.
<h3>What is solution?</h3>
It should be noted that solution simply means a neans of finding answers to a particular problem or issue.
In this case, the group is most likely to be effective at generating solutions if it is midsize and diverse.
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Answer:
A. relatively more inelastic because water is a necessity
Explanation:
Inelastic goods refers to the type of goods which demand wouldn't move that much regardless of the price change.
This tends to be the case for every products that are considered as necessity.
If let's say the price of water is $1 per bottle. We all know that every human being need to drink at least 1.5 L of it to stay alive. If all producers of water decided to raise the price into $2 ,the customers would most likely still purchase it. They have no choice.
Answer:
The correct answer is:
Sport-related anxiety.
Explanation:
According to the study <em>Sport-related anxiety: current insights </em>conducted by
Jessica L Ford, Kenneth Ildefonso, Megan L Jones, and Monna Arvinen from the University of Wisconsin published at the Journal of Sports Medicine— An Open Access, there is a great influence of anxiety over the performance in sports, especially those of extreme impact. Before, it was normally thought that the stress and anxiety produced when performing competition sports could affect the results. However, after this study it was confirmed that when using some effective psychological strategies in the performance of extreme sports is really beneficial for competitions. Besides, it has also been confirmed that anxiety has a positive influence in the prevention of injuries and that it also contributes to a better recovery after an injury.
