Answer:
The answer is: C) Nominal GDP measures current production using current prices, whereas real GDP measures current production using base-year prices.
Explanation:
Nominal GDP measures the production of total finished products and services within a country during a particular period using the current prices of the products and services. Real GDP measures the production of total finished products and services within a country during a particular period using base-year prices of the products and services.
Nominal GDP doesn't take in account inflation, while real GDP is adjusted by inflation. Nominal GDP is also higher than the real GDP since recent prices are higher than the base-year prices (due to inflation). Real GDP can be used to compare the economy's evolution over periods of time.
<h2>Leaders using the "authoritarian leadership" are only minimally involved in decision making and encourage group members to make their own decisions.</h2>
Explanation:
- Authoritarian leadership is also called Autocratic leadership.
- They take little inputs from the group and has overall control and decision making power.
- They do not accept advice from others
- They do not trust others and try to rule everyone.
- Most of the team members are not allowed to participate in any of the event and not even the immediate subordinate. Team members work like a robot.
- It often outcomes only adverse effects.
Answer:
A.overstate; substitution
Explanation:
Consumer Price Index (CPI): is a measure that examines the weighted average of prices of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking the average of the price changes for each item in the predetermined goods. Changes in the CPI are used to assess price changes associated with the cost of living therefore the CPI is used economist for identifying periods of inflation or deflation.
when we say the CPI overstate inflation; it is because of:
Substitution bias (when the price of a product in the consumer basket increases substantially, consumers tend to substitute lower-priced alternatives; Therefore, it tends to overstate inflation due to a lack of accountability
) and;
Quality bias (over time, technological advances increase the life and usefulness of products).
Answer:
A) copyright law
Explanation:
The copyright law is one which protects the original author's work, e.g movies, music etc, from unlawful distribution or redistribution. The law guides against the inappropriate redistribution of the work. In each country, there is always a government organization that regulates and protects an author's right by copyright.
It is an offence to disobey the copyright law, as the author has the right to charge the offender to a law court for required prosecution.
