Yes, the given statement can be marked as true as it would indicate a larger rise in prices relative to a decrease in output.
<h3>Why would Nominal GDP increase but real GDP decrease?</h3>
When nominal GDP increases and it is higher than real GDP, then it shows that inflation is occurring but when real GDP is higher than nominal, then it means deflation is occurring.
In an economy with a high inflation, it will experience an increase in nominal GDP no matter if the real amount of goods and services produced decreases.
The GDP deflator measures the the overall change in prices in an economy, by using the ratio between real and nominal GDP.
Learn more about the real and nominal GDP here:-
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Answer: 342,000
Explanation:
200,000 + 300,000 + 20,000 = 520,000
520,000 * 40% = 208,000
520,000 - 208,000 = 312,000
312,000 + 30,000 = 342,000
Therefor your answer is 342,000
Answer:
<u>fostering competition</u>
Explanation:
By deciding to focus on a particular niche these smaller firms in effect foster competitions among other larger firms.
For example, if in a market for shoes, a small firm A, that is newly established decides to focus only on selling shoes for children after recognizing they cannot match up with an existing larger company B that sells a variety of shoes (both children and adult shoes). At a point in time when a number of small businesses are operating in this manner, the larger companies would recognize and account for their influence on the market.
<span>unconditioned stimulus.
im not sure though </span>
