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vredina [299]
3 years ago
9

What is the difference between real GDP and nominal GDP?

History
1 answer:
Rina8888 [55]3 years ago
4 0
Nominal GDP is the market value of goods and services produced in an economy undigested for inflammation. Real GDP is nominal GDP, adjusted to reflect changed in real output. The main difference between nominal GDP in real GDP is the adjustment for implantation since nominal GDP is calculated using current prices it does not require any adjustments for inflation.
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Beginning with a small oil refinery, this man‘s Standard Oil began to put competitors out of business. Who was he?
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Answer:

John D. Rockefeller

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<u>John D. Rockefeller Senior</u> was the  founder of Standard Oil.

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Standard Oil initially dominated the petroleum product market through horizontal integration in the refining sector, then in later years vertical integration; the company was an innovator in developing business confidence. Standard Oil's trust simplified production and logistics, reduced costs and reduced competitors. Standard Oil to use aggressive prices to destroy competitors and form a monopoly that threatened other companies.

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3 years ago
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Marizza181 [45]

The statement said by Soviet leader Leonid Brezhnev put forth the Brezhnev Doctrine, which stated that any threat to rule in Central and Europe would require intervention by fellow states is wrong.

The Brezhnev Doctrine

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The invasion of Czechoslovakia by the Soviet Union in 1968 was followed by the Brezhnev Doctrine. It was abandoned, nevertheless, under Gorbachev's leadership. As a result, the Brezhnev Doctrine did not stipulate that any threat to Europe would need a Warsaw-Pact nation's military action.

More information about  Brezhnev Doctrine is available here:

brainly.com/question/1338123

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5 0
2 years ago
Define the term drought?<br><br> Why is Georgia’s climate relatively mild?
AnnZ [28]

Answer:

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Explanation:

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PLZ HELP MEImagine that you are living in ww2. Write a three-paragraph letter to a teenager in the year 2020 describing life dur
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This sounds fun. WW11 is famous for Hitler killing lots of jews and him taking over many countries starting wars with many. Imagine living in a world where only one race was known as good and while people were dying and perishing in the cold war then write to a dude in 2020 saying how nicer it must be to be living past all of this.
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