If real GDP falls from one period to another, we can conclude that:
<u>deflation occurred.</u>
Real GDP adjusts the level of output for any potential price adjustments that may have occurred over time; nominal GDP adjusts the level of output for changes in the price level using prices from a base year (constant prices) rather than the "current prices" used in nominal GDP.
The GDP deflator is a price index that tracks the average prices of all finished products and services produced inside a country's boundaries over time. It is used to adjust nominal GDP to determine real GDP.
So when the real GDP falls it can be concluded that deflation has occurred in the economy that is fall in prices .
To learn more about deflation click here :
brainly.com/question/11634015
#SPJ4
Conflict theorists have criticized both disengagement and activity theorists for failing to consider the impact of social class on the lives of elderly people.
<h3>
Impact of social class on the lives of elderly people. </h3>
- Conflict theorists contend that in almost every human relationship and contact, competition is a constant and, at times, an overwhelming force. Due to the lack of resources, including physical ones like money, property, commodities, and more, competition exists.
- The idea states that the elderly compete with other groups, such as younger society members, for a particular share of resources as a result of the aging population in society.
- According to functionalist theory, how elderly people are treated in a given society depends on their place in it. Many societies have very high regard and esteem for the elderly.
- The shift from an agricultural to an industrial culture resulted in significant changes in attitudes toward the contributions of the elderly.
To learn more about Conflict theorists refer to:
brainly.com/question/985437
#SPJ4
Answer:
Financial economists
Explanation:
They dont fall under the category of a civil service exam
Answer:
yeah i can im boared to and dont know what to do
Explanation:
The correct answer is: "A decrease in the price of gasoline".
The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity supplied (ceteris paribus, hence, given that the rest remains equal).Therefore, <u>when the price charged decreases, the amount that consumers are willing to buy increases.</u>
