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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:

You might be interested in
Inspiring and motivating people with a mission or purpose is a ______________ for developing an organization that can learn and
sergij07 [2.7K]

The correct answer is B. Necessary but not sufficient condition goal

Explanation:

A necessary condition for a goal refers to a condition or factor that is mandatory to achieve a goal. For example, to obtain a bachelor's degree a necessary condition is to complete a bachelor's program. Besides this, a condition is sufficient if no other conditions are required, this applies to the previous condition as the main requirement for a bachelor's degree is to complete all the courses or program.

In this context, inspiring and motivating people in the goal of making an organization that can learn and adapt is a necessary condition because organizations require cooperation and group work and this is achieved if people of the organization feel inspired and motivated. However, this is not the only condition, and therefore it is not sufficient as other factors such as a budget, a clear plan, etc. are needed.

8 0
4 years ago
You are considering two alternative two-year investments: You can invest in a risky asset with a positive risk premium and retur
den301095 [7]

Answer:

The correct answers from the options are options C and E

Explanation:

Here, the first investment alternative depicts an investment in a risky asset with a positive risk premium and returns (dividends) for each of the two years that will be evenly distributed. Therefore, the following statements are true about the first investment alternative compared to the second;

i)  Its annualized standard deviation is lower, and

ii) It is relatively more attractive to investors who have lower degrees of risk aversion.

4 0
3 years ago
Mei lives in a country where she is free to keep profits from her business and use them as she wishes, within legal limits. what
olga_2 [115]

As Mei lives in a country where she is free to keep profits from her business and use them as she wishes within legal limits, the type of economy system is known as <u>capitalism</u>.

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

This refers to an economic system in which private individuals or businesses own capital goods and can employ workers (labor) who only receive wages. Generally, the overall production of goods and services under capitalism is based on supply and demand in the general market—known as a market economy rather than planned economy or command economy.

In conclusion, the known purest form of capitalism is a free market or laissez-faire capitalism.

Read more about capitalism

brainly.com/question/25879591

#SPJ1

3 0
2 years ago
Monica has $500 to spend and wants to buy either a new snowboard or a new laptop. both the snowboard and the laptop cost around
ikadub [295]
Is that people face trade offs
7 0
3 years ago
The following information relates to the Fowler Company for 2014: Beginning accounts receivable 5,000 Credit Sales 40,000 Ending
Komok [63]

Answer:

$38,000

Explanation:

The amount of cash collections would be computed as;

Cash collections = Beginning accounts receivable + Credit sales - Ending accounts receivable

Where;

Beginning accounts receivable = $5,000

Credit sales = $40,000

Ending accounts receivable = $7,000

Therefore,

Cash collections = [($5,000 + $40,000) - $7,000]

Cash collections = $38,000

7 0
3 years ago
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