<span>Which of the following is the largest source of funds for the federal government?
income taxes
</span>
Answer:
Knowledge economy is the "knowledge intensive activity for production of goods as well as services."
Explanation:
The type of economy in which the production of goods as well as the services will depend upon the knowledge intensive activity is called as the Knowledge economy. The result of this knowledge intensive activity will be the large portion of the economic growth and also employment. It plays a major role in human capital. Firms also need to attract and retain the workers by adapting new mode of economy. Various latest growth theories will help in increasing the human capital by increasing the knowledge in order to provide the latest source of economic rise and increased productivity.
Its false because there are at lot of things we have to do for the constitution.
<span>Real and Nominal GDP differ on what they measure. The Real GDP measures goods and services in the economy with prices adjusted for inflation, while Nominal GDP just takes the prices of the current year. The difference and the point of this would be that if one measures Nominal GDP you don't know whether the GDP went up because there were more goods and services produced or because the inflation rate went up. Real GDP measures the actual growth of the economy with adjusted prices to one similar base year. So you can see that the problem with using nominal GDP to measure the growth of the economy is that one doesn't know whether the economy grew or whether the value of the dollar just fell (aka inflation went up). Hope this helps!</span>
