Answer:
The complete table is attached.
Explanation:
Use the fact that nominal GDP = price of cupcake in current year x quantity of cupcake in current year + price of envelope in current year x quantity of envelope in current year
Real GDP = price of cupcake in base year x quantity of cupcake in current year + price of envelope in base year x quantity of envelope in current year
We find that, for example, nominal GDP 2013 = 4*150 + 2*180 = 960 while real GDP 2013 = 2*150 + 5*180 = 1200.
Hence deflator 2013 = nominal GDP 2013/Real GDP 2013 = 960/1200 = 80.
From 2013 to 2014, nominal GDP decreased , and real GDP decreased .
The inflation rate in 2014 (42 - 80)*100/80 = -47.50%
Real GDP is a more accurate measure because it is not influenced by price changes, but nominal GDP is.
They are focused on people in their 20’s to young 40’s divided into 3 categories: eco-friendly, tech-savvy and entry-level
Jensen is involved with Human resource management .
Human resource control (HRM) is the practice of recruiting, hiring, deploying and dealing with an agency's employees. HRM is regularly referred to absolutely as human resources (HR). A employer or corporation's HR branch is normally chargeable for creating, setting into impact and overseeing rules governing people and the connection of the corporation with its personnel. The term human assets changed into first used inside the early 1900s, and then greater extensively within the Sixties, to explain the folks who work for the enterprise, in combination.
HRM is employee control with an emphasis on the ones employees as property of the commercial enterprise. on this context, personnel are from time to time called human capital. As with other business assets, the intention is to make effective use of employees, reducing danger and maximizing go back on investment (ROI).
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Russia developed trade relationships with other European countries and exported large amounts of grain.
The Phillips curve argues that unemployment and inflation are inversely related
<h3>What is
Phillips curve?</h3>
The Phillips curve is an economic model named after William Phillips, who hypothesised a link between lower unemployment and higher rates of wage growth in an economy.
The Phillips curve is a graph that depicts the economic link between the rate of unemployment (or the rate of change in unemployment) and the rate of change in money earnings. It is named after economist A. William Phillips and suggests that when unemployment is low, wages tend to rise quicker.
According to the Phillips curve, inflation and unemployment are inversely related. Lower unemployment is associated with higher inflation, and vice versa. The Phillips curve was a notion used to drive macroeconomic policy in the twentieth century, but it was put into doubt by the 1970's stagflation.
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