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Terms in this set the reason why we must answer the three basic economic questions occurs when wants are greater than resources available.
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Greek literature is the reason why some English words exist today. Greek roots have been used multiple times throughout history. A lot of the words we use now may be made of Greek roots. Who knows, I have probably said one already!
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Debt financing raises funds by borrowing. Equity financing raises funds from within the firm through investment of retained earnings, sale of stock to investors, or sale of part ownership to venture capitalists.
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Modern Greece have many cultures and festival traditions which had also occured in Ancient Greece.
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CPI is more commonly use than GDP deflator as a gauge of inflation because the former is <u>much better in reflecting the goods and services bought by consumers</u> than the latter.
But what is CPI and GDP?
- CPI or Consumer Price Index can measure the standard adjustment in prices over time for a basket of consumer goods and services paid by urban consumers.
- GDP deflator or Gross Domestic Product deflator can reflect the prices of domestically produced or offered products and services.
To sum up, CPI calculate the monthly or overall prices' change consumed by the consumers on fixed basket of consumptions over time but to calculate the value of an index to compare prices across different years, you'll use GDP deflator.
Learn more about how CPI differs from GDP deflator: brainly.com/question/28124866
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