GDP nominal: a measure of economic value that takes into account the current market prices of all economic outputs.
Real GDP x GDP Deflator is the nominal GDP.
<h3>How is the real inflation rate calculated?</h3>
The estimation which factors expansion to get genuine Gross domestic product is as displayed underneath: The base year in this formula is the chosen year for which the government conducts periodic updates and is also used when comparing economic data like the GDP. Real GDP = GDP/ (1 + inflation since base year)
<h3>How is the real GDP growth rate calculated?</h3>
The percentage change in real GDP per capita between two consecutive years is used to calculate the annual growth rate of real GDP per capita. A country's or region's real GDP per capita is calculated by dividing GDP at constant prices by the population.
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Answer:
c. gives the same answer regardless of the direction of change.
Explanation:
The midpoint method helps to calculate elasticity using the average percent change in quantity and price and its advantage is that it gives the same elasticity between two points no matter if price increases or decreases.
This is a true statement. A project manager should always reward employees who are willing to work overtime even if the overtime is mandatory. They may not reward the employees with a bonus, but should be rewarded with recognition of a job well done.
Answer:
Time Enough is a question mark.
Explanation:
In the BCG growth matrix, question marks are those firms that have a low market share, but that are growing, however, it is still uncertain where said firms will stand in the future.
Time Enough is a question mark because while the firm's earnings have been usteady, there is still evidence that the firm is growing, so the firm could become a star or a cash cow in the future.
