The nominal GDP in that year will be $4018 billion.
<h3>
What is Nominal GDP?</h3>
- Nominal gross domestic product is GDP calculated using the most recent market prices. GDP measures the monetary worth of all the goods and services a nation produces. Nominal GDP differs from real GDP in that it considers inflation, which represents how quickly prices are rising in an economy.
- The monetary worth of the products and services produced is the standard way to calculate GDP.
- Nominal GDP can overstate the growth rate because it does not account for the rate of price increases when comparing one period to another.
- Growing pricing rather than increasing the number of goods and services produced may cause nominal GDP growth from year to year.
- Nominal GDP is the starting point, whereas real GDP includes price changes.
we know that
Nominal GDP = Real GDP × Price index
Nominal GDP = $3668 × .112
Nominal GDP = $4018
hence, the nominal GDP in that year will be $4018 billion.
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Efficiency will undoubtedly suffer if the US government increases assistance payments to the poorest Americans while raising income taxes on the wealthiest Americans and an increase in inequality.
<h3>What will happen if the U.S. raises taxes on the wealthiest Americans?</h3>
Every society must choose between equality and productivity. If the US government increases assistance payments to the poorest Americans while raising income taxes on the wealthiest Americans, the outcome will probably be a decline and increased inequality in the United States.
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Answer:
She could work as a trash person, taking garbage out and destroying it. She could work as a chef, cooking food for hungry people. She could be a homeless shelter worker, and help people find homes.
Explanation:
Huma services cluser is things that you would do for humans outside. Things like trash people take out other's trash a dispose of it all. Making them a human services person!
Hope this helps! Plz mark as brailiest!
Answer:
3w
4n-3
10.641
Explanation:
3w
n+3n-3, 4n-3 (distribute your 3 through the paranthasis)
4.871+7.4= 12.271
12.271-1.63= 10.641
I'm lost on your last three,
what are the periods for, and is the third to last one a comma or decimal
Answer:
Explanation: Both the marginal cost curve and the average variable cost curve are U-shaped. For many firms, this is true because their production exhibits increasing returns at low levels of output and decreasing returns at high levels of output. At the minimum of average cost, the marginal cost curve intersects the average cost curve. This is because when marginal cost is above average cost, average cost is decreasing and when marginal cost is below average cost, average cost is decreasing.
