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Salsk061 [2.6K]
3 years ago
5

What is the difference between real and nominal GDP?

Social Studies
2 answers:
DiKsa [7]3 years ago
5 0

Answer:

The main difference between nominal GDP and real GDP is the adjustment for inflation. Since nominal GDP is calculated using current prices, it does not require any adjustments for inflation. This makes comparisons from quarter to quarter and year to year much simpler, though less relevant, to calculate and analyze.

Natalka [10]3 years ago
4 0

Real GDP

Nominal GDP doesn’t take into account the effect of inflation.

Real GDP is adjusted to consider inflation as well.

It is expressed in current prices.

It is expressed in constant prices or base-year prices.

Nominal GDP usually has a higher value

Real GDP rates are typically lower than nominal ones.

Nominal GDP can be useful in comparing different quarters of the current year or contrast the economic health of multiple different countries.

Real GDP is useful in comparing two or more financial years, and, therefore, it allows you to analyze the economic growth of a country over time.

Explanation:

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The distance from Earth to Mars is about 54,600,000 km. How many light-years is this?
allochka39001 [22]

Answer:

Light travels at approximately 186,282 miles per second (299,792 km per second). Therefore, a light shining from the surface of Mars would take the following amount of time to reach Earth (or vice versa): Closest possible approach: 182 seconds, or 3.03 minutes. Closest recorded approach: 187 seconds, or 3.11 minutes.

Explanation:

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54,600,000 5.7712 x 10-6

54,700,000 5.7818 x 10-6

54,800,000 5.7924 x 10-6

54,900,000 5.8029 x 10-6

So 54,600,000 km is equal to 5.7712245538e-6 light years.

Hope this helps have a wonderful day!!

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3 years ago
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In the case Marbury v. Madison, what was William Marbury’s appointment?
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Answer:

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Explanation:

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When two heterozygous short-haired rabbits are crossed, the short hair being dominant and the long hair recessive, the phenotypes in the offspring will be 75% short hair and 25% long hair, with short hair: long hair ratio of 3:1.

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