1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mylen [45]
3 years ago
11

Item 3 What do economists call GDP that uses constant, unchanging prices? constant GDP real GDP nominal GDP factual GDP

Business
1 answer:
Ivenika [448]3 years ago
7 0

Economists call GDP that uses constant, unchanging prices as

<u>Real GDP</u>

Explanation:

  • Real gross domestic product (real GDP for short) is a macroeconomic measure of the value of economic output adjusted for price changes . This adjustment transforms the money-value measure, nominal GDP, into an index for quantity of total output.
  • It is calculated using the prices of a selected base year. To calculate Real GDP, you must determine how much GDP has been changed by inflation since the base year, and divide out the inflation each year.
  • Real GDP  accounts for the fact that if prices change but output doesn't, nominal GDP would change.
  • The real economic growth, or real GDP growth rate, measures economic growth as it relates to the gross domestic product (GDP) from one period to another, adjusted for inflation, and expressed in real terms as opposed to nominal terms
You might be interested in
When venturing into a foreign country for business, which controllable risk will you most likely face?
OLEGan [10]

The answer would be C worker strikes due to cultural differences

4 0
3 years ago
Raleigh Co. has the following products in its ending inventory. Compute the lower of cost or market total for inventory applied
Flura [38]

Answer:

<u>c. $2,018.00</u>

Explanation:

Lower of cost or market is the inventory valuation method which requires to record the inventory at a value lower of

  • Initial cost of inventory ( Manufacturing cost or Purchasing cost )
  • Market value of the Inventory ( Net realizable value of the market )

Product__Quantity__Cost per unit__Market per unit___ Lower ____Value

Jelly _____150 ______$2.00 ______2.15___________ $2.00____ $300

Jam _____ 370 _____ $2.65 ______2.50 __________ $2.50 ____ $925

Marmalade 260 _____ $3.10 ______3.05  __________ $3.05 ____ $793

Total Value ___________________________________________<u>$2,018</u>

6 0
3 years ago
Parker &amp; stone, inc., is looking at setting up a new manufacturing plant in south park to produce garden tools. the company
Setler [38]

The initial investment is the total amount spent or the amount of cash outflow.

The initial investment here is -

Proper cash flow amount = Cost of land (present cost of land) + Cost of Plant + Cost of Grading

Proper cash flow amount = $ 4,300,000 + $ 11,500,000 + $ 670,000

Proper cash flow amount = $ 16,470,000

4 0
3 years ago
4) Which of the following is least likely to be your primary health care provider?
Lelechka [254]
An allergist cannot be a primary care provider.
7 0
3 years ago
Organizations have three levels of management: first-line, middle, and top. Each of the managers at these levels has different l
Karolina [17]

Management is of three levels. managerial, middle and top level management.

Explanation:

levels of management can be defined as a part of an organization that maintains responsibility for the overall productivity and the work performance of employees.

Managerial or top level management consists of board of directors. It also consists of the board of directors. Executive or middle level management consist of line or department managers and in this level mostly the managers report top the top level management. next lowest level is the operative or supervisory level management.

Thus mostly consists of supervisors, first line managers. It comes under the organisational hierarchy of a company. top management is responsible and controls the entire organisation.

8 0
3 years ago
Other questions:
  • Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw
    7·1 answer
  • The City of Fairfield issued $100 million of 20-year, 6 percent coupon bonds (3 percent per semiannual period) for $89.32 millio
    9·1 answer
  • The given statements are about monopolistic competition. Indicate whether each statement is true or false. A monopolistically co
    12·1 answer
  • An advantage of obtaining long-term funds by issuing additional stock, instead of issuing bonds is? Multiple Choice 01:22:21 - O
    7·1 answer
  • Adam's company recently suffered an attack where hackers exploited an SQL injection issue on their web server and stole sensitiv
    11·1 answer
  • The following accounts appear in the ledger of Oriole Company after the books are closed at December 31, 2020.
    6·2 answers
  • Sally has a pizza restaurant and sells 30 pizzas for $5 each. Jim has a pizza restaurant around the corner from Sally, and he se
    6·1 answer
  • Which resource can you use to view business or suppliers divided into different categories?
    12·1 answer
  • That is it called when you give up something to have<br> something else
    11·1 answer
  • You believe that the spread between the september s&amp;p 500 future and the s&amp;p 500 index is too large and will soon correc
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!