Answer:
The correct answer is option A.
Explanation:
Nominal GDP is the measure of economic growth which calculates the change in output on the basis of the current price. It is not inflation-adjusted measure and is affected by changes in the price level.
Real GDP on the other hand, measures the change in economic output on the basis of constant price. It is an inflation-adjusted measure to calculate economic growth.
That is why, real GDP is preferred, because nominal GDP may overestimate or underestimate the change in output.
Answer:
Initial change in heart rate, with decreased changes as the ringing continues
Answer:
Restaurant.
This will impact local business because everyone will patronize it.
Answer:
a. Malika decides to stop being a stay-at-home mother and enters the workforce because the economy is booming.
Explanation:
Inter-temporal substitution refers to the practice to work more when the returns are expected to be higher. In a booming economy, the returns are expected to be higher compared to that in a recession. Thus people took the opportunity to work more than they required to save for future consumption.
Indira's ascent was backed by her charismatic appeal among the masses that was aided by her government's near-radical leftward turns.
