Answer:
B) increased nominal GDP from last year, but real GDP was unaffected.
Explanation:
Nominal GDP includes the total production of final and legal goods and services at current prices.
So Harry's Pizzas will increase the nominal GDP ($120,000 ˃ $100,000) but since we do not know the inflation rate, we can not determine how the real GDP was affected.
Answer: True
Explanation:
Foreign produced goods being sold in the United States are considered to be Imports. Imports are a leakage to the GDP of a nation as they represent income which flows out of the economy to other countries.
For this reason this income is subtracted from US GDP.
Indeed the Expenditure method accounts for this by deducting it from US Exports.
Answer
True
Explain
a person who purchases goods and services for personal use is a consumer
The Federal Reserve decreases the supply of money to slow the economy. This means interest rates would increase while investing and borrowing would decrease.
<u>Answer:</u>
<em>Selections made with replacement are considered to be Independent
</em>
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<u>Explanation:</u>
An ISAC evaluates the possibility for a business opportunity on the general reasonableness of every contender for the obligations, their business-related characteristics and the overall limit of every chance to accomplish results identified with the commitments
These revisions will empower an ISAC to get to specialized ability when evaluating the general appropriateness of applicants, for instance, utilizing an appraisal focus or experts to give specialized testing. The corrections are reliable with current office practice for non-ISAC enrollment forms and reflect present-day enlistment rehearses.