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
cupoosta [38]
3 years ago
7

The difference between nominal GDP and real GDP is that:

Business
1 answer:
Elenna [48]3 years ago
4 0

Answer:

a. real GDP adjusts the value of goods for changes in the price level and nominal GDP does not.

Explanation:

The nominal GDP is calculated by using current prices without adjusting the inflation factor int the prices of goods that are accounted for in the total GDP value. On the other hand the real GDP is calculated by adjusting inflation int he pricesof the goods which included in total GDP value. So the correct option is a. real GDP adjusts the value of goods for changes in the price level and nominal GDP does not.

You might be interested in
Tactical plans specify how a company will use resources, budgets, and people to accomplish specific goals within its mission
Neporo4naja [7]

Answer:

A. True

Explanation:

Tactical planning outlines the short-term steps and actions that should be taken to achieve the goals described in the strategic plan.

8 0
3 years ago
Based on the details of the scenario, determine what will most likely occur. Jillian and Chase are making a contract in which Ji
olga2289 [7]

Answer: Contract is voided

Explanation:

From the question, we are informed that Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who will then makes the pelts into hats to sell.

We are further told that a year into their contract, it becomes illegal to buy or sell beaver pelts in the United States. Based on the scenario explained, the contact will be voided.

A void contract is referred to as a formal agreement that cannot be enforceable and is not legitimate. Since it is illegal to either purchase or sell beaver pelts, it means that the context cannot be carried out anymore and should the be void.

3 0
3 years ago
Vertical communication occurs when scott, divisional manager of production, discusses business issues with susan, divisional man
liberstina [14]
<span>False. Communication up and down the corporate hierarchy is often called vertical communication. Communication among employees at the same level in the hierarchy, or sideways, is called horizontal communication.</span>
8 0
4 years ago
A dozen eggs cost $0.96 in December 2000 and $1.82 in December 2017. The average wage for workers in private industries was $14.
pogonyaev

Answer:

the percentage in which the price of the dozen eggs rise is 89.58% or 90%

Explanation:

The computation of the percentage in which the price of the dozen eggs rise is shown below;

Percentage Change in Dozens egg price is

= (Price in 2017 - Price in 2000) ÷ Price in 2000 × 100

= ($1.82 - $0.96) ÷ $0.96 × 100

= 89.58% or 90%

Hence, the percentage in which the price of the dozen eggs rise is 89.58% or 90%

8 0
3 years ago
A demand curve that illustrates the law of demand​ ______. A. shows that the quantity demanded increases as the price rises B. h
Karolina [17]

Answer:

D. shows that the quantity demanded increases as the price falls

Explanation:

A Demand curve states the law of demand which depicts an inverse relation between price of a good and the quantity demanded of that good.

Quantity demanded of a good changes only when price of good changes with other factors affecting demand like income, tastes and preferences etc remaining constant.

Thus, when price falls, quantity demanded of a good rises i.e movement along the demand curve i.e downward movement. i.e D. shows that the quantity demanded increases as the price falls.

4 0
3 years ago
Other questions:
  • Economic models like the _____________________ are not physical models, but instead are diagrams or graphs or even mathematical
    15·1 answer
  • Which of the following correctly describes an example of a secondary competitor?
    9·2 answers
  • An analysis of stockholders' equity of Hahn Corporation as of January 1, 2010, is as follows:
    11·1 answer
  • Jones Co. started the year with no inventory. During the year, it purchased two identical inventory items at different times. Th
    9·1 answer
  • Which of the following are debt collectors allowed to do when they’re attempting to collect debts?
    13·1 answer
  • A snack food company experimented with the frequency of its advertising by working with a local cable provider. On the north end
    5·1 answer
  • Yellow-dog contracts A. give workers the right to be represented by a union. B. give a non-union worker the right to enjoy union
    10·1 answer
  • You want to purchase a motorcycle 4 years from now, and you plan to save $3,500 per year, beginning immediately. You will make 4
    5·1 answer
  • Job destroyer? ~ The Wellcome Global Monitor is the world’s largest study into how people around the world think and feel about
    15·1 answer
  • Division A of Chacha Company has sales of $140,000, cost of goods sold of $83,000, operating expenses of $43,000, and invested a
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!