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Scilla [17]
3 years ago
12

What is the difference between real and nominal gross domestic product (GDP)?

Business
1 answer:
Xelga [282]3 years ago
8 0

Answer:

the difference between real  GDP and nominal GDP is that real GDP is a adjustment for inflation since nominal GDP is calculated using current prices

Explanation:

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The Durham-Mills Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespre
forsale [732]

Answer:

False

Explanation:

The Otis Self-Administering Test of Mental Ability was the first group-administered mental ability test to have widespread use in industry.

This test was first developed in 1922 by Arthur Otis. It was first designed to measure students' general school abilities. Otis's first tests were designed for the Army in 1917 and were known as the Alpha tests (for those who could read) and the Beta tests (for those who couldn't read).

7 0
3 years ago
The multiplier applies to Group of answer choices investment, net exports, and government spending. increases in spending but no
olga2289 [7]

The multiplier applies to the investment, net exports and government spending.

<h3>What is a multiplier?</h3>

This refers to an economic factor that of increased, it can causes an increases in many other related economic variables.

Hence, in economics, its applies to the investment, net exports and government spending.

Therefore, the Option A is correct.

Read more about multiplier

<em>brainly.com/question/19549086</em>

#SPJ1

3 0
2 years ago
Kylie was born into a family that owns numerous corporations and more than one multimillion dollar home. She never worried about
monitta
She is very dependent , and Spoiled & it will be hard for her whenever she starts being indepwndent
5 0
3 years ago
A company reported total equity of $145,000 at the beginning of the year. The company reported $210,000 in revenues and $165,000
Allushta [10]

Answer:

e. $ 282,000

Explanation:

To determine the assets of the company at year end, we need to find the equity at year end, this is calculated as follows:

Opening Equity                                                      $ 145,000

Net Income for the year                                        $ 45,000

Revenues     $ 210,000

Expenses     $ 165,000

Equity at end of year                                            $  190,000

The accounting equation is

Assets = Liabilities + Stockholders' Equity

Assets = $ 92,000 + $ 190,000                           $ 282,000

4 0
3 years ago
Six years ago, Archie lost his job as a highly skilled craftsman at a metal working shop. Before accepting a job as a maintenanc
leonid [27]

Answer:

He is an <u><em>Underemployed Worker</em></u>

Explanation:

Underemployment takes place <em>when not all of the skills, education, or availability of workers ' jobs are used to work.</em>

There are two types of underemployment, visible and invisible, as per the Organization for Economic Cooperation and Development.

Visible underemployment involves employees who work less than the average hours in their profession. They are desperate to work longer hours, so they can't get permanent jobs.

Invisible underemployment involves employees who do not use all of their skills in full-time jobs. This where Archie falls in. It's almost impossible to measure this sort of underemployment. It requires considerable study comparing the skills of workers to the requirements of employment.

4 0
3 years ago
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