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3 years ago

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.

Read more about Price Ceiling here

<em>brainly.com/question/24644929</em>

4 0

3 years ago

. Which is NOT a principle of organic farming? (a) Avoiding synthetic fertilizers (b) Keeping as much organic matter as possible

Scilla [17]

Answer: Avoiding the use of fossil fuels

Explanation:

There are four principles of Organic Farming which are as follows :-

1. Such farming should sustain and enhance the health of soil, plants, animals as well as of humans.

2. Such farming should be based on the living ecological systems and cycles and help sustain them.

3. Thus kind of farming is build on relationships that ensure fairness with regard to common environment and life processes.

4. Such farming should be managed in a precautionary and responsible manner to protect the health and well being of current and future generations.

Hence the correct option is A .

8 0

3 years ago

According to the Bureau of Economic Analysis, during the recession of 2007minus2009, household saving as a fraction of disposa

luda_lava [24]

Answer:

A) decrease MPC, increase MPS, and decrease the multiplier so that changes in planned investment will have a smaller impact on equilibrium output.

Explanation:

When you receive money, e.g. get paid by your employer, the first thing you do is pay for your basic necessities which are classified as autonomous spending. Then hopefully you will have some money left which is classified as disposable income. You can do two things with your disposable income, either spend it or save it.

The proportion that you spend is called the marginal propensity to consume (MPC) and the remaining part that you save is called the marginal propensity to save (MPS). If the MPS was 1% in 2007 and increased to 5% in 2009, then the MPC was 0.99 in 2007 and 0.95 in 2009.

The formula to calculate the economic multiplier is 1 / MPS:

the economic multiplier in 2007 = 1 / 1% = 100
the economic multiplier in 2009 = 1 / 5% = 20

6 0

3 years ago

What is the 2016 repayment limitation for a single taxpayer who has income at a 350% poverty level?

ryzh [129]

The correct answer to this question is $1250. To prove this, an image is attached together with this answer.

<span>The 2016 repayment limitation for a single taxpayer who has income at a 350% poverty level is $1250. Based on the image, it shows that at the line of at least 300% but less than 400%, the repayment limit of single tax payer is $1250.</span>

3 0

3 years ago

Information necessary to prepare the year-end adjusting entries appears below. Depreciation on the office equipment for the year

lisov135 [29]

Answer:

Journal entries

Dr Depreciation expense 10,500

Cr Accumulated depreciation office equipment 10,500

Dr Salaries and wages expense 1,000

Cr Salaries and wages payable1,000

Dr Interest expense1,530

Cr Interest payable1,530

Dr Interest receivable 1,400

Cr Interest revenue 1,400

Dr Prepaid insurance 8,750

Cr Insurance expense 8,750

Dr Supplies expense 380

Cr Supplies 380

Dr Sales revenue 1,400

Cr Deferred revenue 1 400

Dr Rent expense 700

Cr Prepaid rent 700

Explanation:

Calculation for Interest expense

($51,000 × 12% × 3/12) = $1,530

Calculation for Interest receivable ($21,000 × 8% × 10/12) = $1,400

Calculation for Prepaid insurance ($7,000 × 15/12) = $8,750

Calculation for Supplies expense ($1,000 − 620) = $380

4 0

3 years ago