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3 years ago

Why is real GDP a more accurate measure of an economy's production than nominal GDP?

Business

1 answer:

Hatshy [7]3 years ago

3 0

Answer:

The answer for the following question is given below:

Explanation:

Nominal GDP is the price, inflation-unadjusted for, goods and services produced in a country.

Real GDP is a nominal GDP, calculated to reflect changes in aggregate demand for inflation.

Real GDP is a more accurate indicator of the output of a country than nominal GDP since real GDP calculates the value of the product and services generated by an economy while nominal GDP calculates the price of the product and services consumed by an economy.

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If you visit a Kentucky Fried Chicken restaurant in China, along with KFC's regular menu items, you will find congee, a rice por

Vitek1552 [10]

Answer:

C. Sell a product similar to that sold in the home country, but include minor adaptations.

Explanation:

Selling the regular menu along with dishes from the host country is an example of the strategy of selling a product similar to that sold in the home country, but include minor adaptations. This is an strategy that companies tend to use when going to other markets, because there are differences among them that include customs and culture, that can affect the way in which a product is perceived by people. In the food sector, these differences have a big impact as the food people eat in each country can be very different. So, when entering a new market, offering the regular menu the company has with dishes that are native to the home country can help to succeed in that specific market.

5 0

3 years ago

According to naoroji, what benefits has india received as a result of british rule? check all that apply. understanding of india

Zarrin [17]

The two correct options are:
peace, stability, and order.
new technologies and infrastructure.

4 0

3 years ago

Read 2 more answers

1. According to Wallach, what is short-termism, and why is it a problem?

Aleks04 [339]

I inferred you are to the 2017 TEDx talk "Short-termism is killing us: it's time for Long path" by Ari Wallach.

Explanation:

According to Wallach, he refers to short-termism as focusing on short-term results at the expense of long-term interests.

In his words, short-termism is a problem because;

"it prevents the CEO from buying really expensive safety equipment"
"prevents teachers from spending quality one-on-one time with their students".

So in summary what Wallach is saying is that short-termism prevents futuristic thinking.

6 0

2 years ago

Which of the following statements are true? A direct cost is sometimes referred to as a common cost. A regional sales manager's

RoseWind [281]

Answer:

The correct answers are the following options: A regional sales manager's salary is a direct cost of the regional office in which the sales manager works - A direct cost can be easily and conveniently traced to a specific cost object.

Explanation:

On the one hand, the name of "direct costs" is refered to the ones that would be directly related to a cost object, therefore that these costs are easily recognizable to the person who manages the costs due to the fact that those will be the ones that are strictly referable to the object.

On the other hand, the "indirect costs" are the ones that have the characteristics of being the oppositive of the direct costs. Therefore that these type of costs are the ones that would not be easily referable to a cost object.

5 0

3 years ago

On January 1, 2021, Ozark Minerals issued $10 million of 9%, 10-year convertible bonds at 101. The bonds pay interest on June 30

joja [24]

Answer:

Upon issuance, Ozark should "Credit premium on bonds payable $100,000"

Explanation:

Issue price of bond is ($10 million * $101) = $10,100,000

The face value of the bond = $10,000,000

The premium on bond = $10,100,000 - $10,000,000

The premium on bond = $100,000

Journal entry

Debit Credit

Cash $10,100,000

Premium on bonds payable $100,000

Bonds payable $10,000,000

Conclusion: Upon issuance, Ozark should "Credit premium on bonds payable $100,000"

7 0

3 years ago