1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Whitepunk [10]
3 years ago
11

The difference between a nominal variable and a real variable is that A. real variables are calculated in​ current-year prices a

nd the nominal variables are measured in dollars of the base year to adjust for the effects of inflation. B. nominal variables are economic variables that are adjusted for​ inflation, whereas real variables are valued in​ today's dollars. C. real variables are divided by the price index and multiplied by 100 to obtain nominal variables. D. nominal variables are calculated in​ current-year prices and the real variables are measured in dollars of the base year for the price index to correct the effects of inflation.
Business
1 answer:
Oksanka [162]3 years ago
3 0

Answer:

Option (D) is correct.

Explanation:

Nominal variables are the variable which are calculated on the basis of current market prices such as nominal GDP. Nominal GDP incorporates all of the changes happened in a current year such as changes occured in the inflation or deflation in a current year.

On the other hand, real variables are those variables which are calculated on the basis of base year prices to take the effects of the inflation or deflation during the period of time. For example, Real GDP. real GDP is determined by the market prices of the base year, so that one can compare the actual effect effect of inflation or deflation during a period of time.

You might be interested in
(C____________ ) among buyers and sellers prohibits a single buyer or seller can dictate the price of a product or resource beca
Sergeu [11.5K]

Answer:

(Competion____________ ) among buyers and sellers prohibits a single buyer or seller can dictate the price of a product or resource because others can undercut that price. The regulatory mechanism of the market system is ( competition___________ ). As the result, the ( _economic_________ ___power_____ ) is widely distributed. In other words, competition diffuses ( __economic________ ___power______ ) and limits the actions of any single seller or buyer.

Explanation:

Economic power refers to the ability of countries, businesses, or individuals to improve their standard of living, making decisions that benefit themselves alone, and reducing the ability of any outside force to reduce their freedom.  Competition refers to the selling and buying of goods and services with others, who are also selling and buying the same goods and services.  It balances economic power, preventing a single individual from monopolizing the market interaction.

6 0
3 years ago
The three traits an entrepreneur must possess to be successful are _____.
Yanka [14]
Hello,

Here is your answer:

The proper answer to this question is option A "<span>motivation, humility, and decision making". You honestly need motivation, humility, and decision making skills in order to be successful.

Your answer is A.

If you need anymore help feel free to ask me!

Hope this helps!</span>
7 0
3 years ago
Read 2 more answers
Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing
pshichka [43]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter.

Direct labor per unit= 0.25*14= $3.5

Direct labor equation= 3.5*x

x= units produced

For example:

100 units

Direct labor= 3.5*100= $350

7 0
3 years ago
Which type of restaurant hires trained chefs to prepare food to order? _________ restaurants hire trained chefs to create ______
alekssr [168]
The answer is fine dining and good quality
7 0
3 years ago
Read 2 more answers
Tools, equipment, and factories used in the production of goods and services;
Luba_88 [7]

Answer:

capital

Explanation:

The capital assets are all those belongnings of the company that help creating revenue.

4 0
3 years ago
Read 2 more answers
Other questions:
  • GoodFurn Furniture Company has recently moved to a new, larger location. At the new location, it has been unable to attract suff
    7·1 answer
  • Which of the following statements are true regarding dividends?
    11·1 answer
  • Which of the following statements is TRUE of employee empowerment? Question 11 options: Jobs must be designed to give employees
    15·1 answer
  • Of the four attributes of a national or country-specific environment that have an important impact on the global competitiveness
    7·1 answer
  • "A consumer buys a printer for her computer and receives a money-back offer. All she has to do is fill out a form and mail it to
    10·1 answer
  • Lowering the cost of each item produced because of high-volume production brought on by demand stimulation is
    7·1 answer
  • Match the following definitons with appropriate options given in below:
    5·1 answer
  • Which of these people is a worker in a service industry?
    11·2 answers
  • Is anyone a Steelers fan? Or Washington FT fan
    12·1 answer
  • Tulane Tires wrote a contract for a $104,000 sale of tires to the new Garden District Tour Company. Tulane only anticipates a sl
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!