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Tpy6a [65]
3 years ago
5

If the prices of all goods and services produced in the economy rose while the quantity of all goods and services stayed the sam

e, which would rise? A. nominal GDP but not real GDP. B. both real GDP and nominal GDP. C. real GDP but not nominal GDP. D. neither nominal GDP nor real GDP.
Social Studies
2 answers:
USPshnik [31]3 years ago
8 0

Answer:

A. nominal GDP but not real GDP.

Explanation:

Nominal GDP refers to the value of GDP calculated at current prices, ie the year in which the product was produced and traded. Real GDP is calculated at constant prices, where a base year is chosen, thus eliminating the effect of inflation.

According to these concepts we can state that in a situation where the prices of all goods and services produced in the economy increase while the quantity of all goods and services remain the same, nominal GDP would increase and real GDP would remain the same, because whereas nominal GDP is influenced at current prices while real GDP is influenced at constant prices.

topjm [15]3 years ago
3 0

Answer:

A. nominal GDP but not real GDP

Explanation:

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Answer:

Louisiana colonist were not interested in farming. Trading with the Indians was a failure because the British paid more for the furs and sold European goods to the Indians cheaper than the Louisiana colonist could. Crozat failed to make a profit from the colony. He never sent enough supplies.

Explanation:

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After the revolution of 1951, non-aristocratic citizens like Matrika Prasad Koirala held the position of prime minister still under the declaration of the King of Nepal. The first general election was held in 1959 and Bishweshwar Prasad Koirala became the first elected prime minister of Nepal.

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The constitutionally established guarantees that protect opinions and property against arbitrary government interference are kno
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Answer:

Liberties;

Rights

Explanation:

Civil liberties

This are clearly defined as the rights belongs to all individuals. They are set up to protect the common man against government and backed up by the constitution, legislation, and judicial decisions.

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3 years ago
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kramer

Answer:

Equity(fair).

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