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kari74 [83]
3 years ago
10

Why is real GDP a more accurate measure of an economy's production than nominal GDP? Nominal GDP is adjusted for the effects of

inflation or deflation, whereas real GDP is not. Real GDP includes the value of exports, but nominal GDP does not. Real GDP is not influenced by price changes, but nominal GDP is.
Business
1 answer:
ad-work [718]3 years ago
4 0

Answer:

Real GDP is not influenced by price changes, but nominal GDP is.

Explanation:

Real gross domestic product (Real GDP) is a measure of gross domestic product "in volume", that is, measured at constant prices. Changes in GDP linked to price variations (inflation or fall in prices) are thus neutralized, which allows a measure of economic growth.  

Real GDP is only used in practice to measure GDP growth from year to year, with nominal GDP remaining the benchmark measure for long-term data.

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Answer:

ill answer shortly just leaving it here os i dont forget about it    

Explanation:

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3 years ago
All else constant a large decrease in the number of people who want to own a sport utility vehicle because of their poor fuel ef
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Answer:

c) a decrease in the equilibrium price of gasoline

Explanation:

Since SUVs and gas are complementary goods, the relation between these two in the example is evident. Since the demand of SUVs decreases, the demand for its complimentary good will also decrease, as it has little to no use without the SUV.

As a consequence, the price of gasoline will decrease, as the demand decreases.

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3 years ago
Mr. Bagley, a self-employed musician, timely filed his Year 1 income tax return, which showed an AGI of $180,000 and total tax o
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Answer:

$45,000

Explanation:

Since we assume that Mr. Bagley calculated his next year's taxes correctly, in order to determine the federal tax withholding, we should divide the total expected taxes by 4. Generally self-employed pay federal tax withholdings in quarterly payments.  

Mr. Bagley has two options:

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3 years ago
According to the economic model of corporate social responsibility, the sole duty of a business is to: A. go beyond legal respon
Aleksandr-060686 [28]

Answer:

The correct answer is (b)

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Traditional subsistence agriculture just would utilize creature work and human. It additionally gathers enough sustenance for the rancher's family as it were. Traditional intensive agriculture utilizes in reality more creature work and human alongside flooded water and composts. With regards to Industrial  agriculture, the greater part of the nourishment delivered are strong by agriculturists for money.

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3 years ago
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