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
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:

You might be interested in
____________is a sense of normlessness. Societies experience it as a result of a breakdown in the social cohesion. Individuals e
hichkok12 [17]

Answer:

Anomie

Explanation:

Anomie can be likened to mean a feeling of disconnection from the societal moral norms and other rules guiding a society. Under the state of anomie there is usually no form of regulation morally to counteract the individuals who are associated with complex division of labour.

It is a state of normlessness.

7 0
3 years ago
Lucia is an engineering student. According to ingroup/outgroup bias she most likely believes other ingroup engineering students
Nadusha1986 [10]

Based in the information given, it can be deduced that the engineering students are unique individuals while the non-engineering students are very similar to each other.

In-group bias simply means a form of favoritism towards a particular group. Out-group bias simply means the tendency to favor the out-group over the in-group.

Since Lucia is an engineering student, she most likely believes other ingroup engineering students are unique individuals while the non-engineering students are very similar to each other.

Read more about out-group bias on:

brainly.com/question/25819900

5 0
2 years ago
What is argumentation?
Korvikt [17]

Answer:

the action or process of reasoning systematically in support of an idea, action, or theory.

(hope this helped)

4 0
3 years ago
Read 2 more answers
Cite a situation where you adopted a holistic view in looking at a problem or situation .how did adopting a holistic view help y
mixas84 [53]

The correct answer to this open question is the following.

The situation where I adopted a holistic view of looking at a problem or situation was the time in which we had internal problems in the classroom that affected the socializing and harmony of the group. In the beginning, a just listened to one side of the story and my opinion was biased. However,  when I was taught about the holistic approach, I learned how to be a better neutral observer and realized that there were many factors involved in the situation. So I saw the whole of the problem, not just one side.

Adopting a holistic view helped me make sense of the situation because I understood the different arguments of each side and other and other factors that were outside of my control. It gave me more patience to change what was in my hands, and tolerate and respect what was out of my reach.

6 0
3 years ago
What are some examples of war powers
masha68 [24]
Your mom is so awesome hahahahahahahahaha
5 0
3 years ago
Other questions:
  • What are the names of the committees that tammy duckworth is a part of in the senate?
    13·1 answer
  • Why is it necessary for the masses to consume transport and other products? Does efficiency of production lead to oversupply? (B
    15·2 answers
  • Which statement best summarizes the global depression?
    10·2 answers
  • which organization specifically promoted support for the war among the american people? a. the committee on public information b
    14·2 answers
  • The conclusion that the USS Maine was attacked and blown up by Spain in 1898 was later proved to be. A.Fact
    13·2 answers
  • The official name of the Australian Outback is what
    12·1 answer
  • Why do you think agriculture developed earlier in certain regions than in others
    10·1 answer
  • Explain dowry murder
    13·1 answer
  • Which statement explains why Florida, Texas, and California will have different times when the sun rises in the morning?
    12·2 answers
  • Which substance can be broken down by chemical<br><br> change
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!