What is the importance of real GDP

Law

1 answer:

zhannawk [14.2K]2 years ago

6 0

Answer:

The Gross Domestic Product is a statistical measure that allows determining the value of all the goods and services produced in a given place and time. Thus, for example, this measure is used to measure the economic performance of nations in each year.

However, the GDP does not account for eventual abnormal changes in the economy, such as inflation or currency devaluations. Therefore, these factors are included in a new measure, the real GDP, which shows the growth or decrease of the economy considering the economic context in which it develops.

You might be interested in

What would you do if you see someone robbing a house

stepan [7]

Answer:

I would most definitely go and help the family of that house and call 911 as I head over so I would have a sort of back up just in case something went wrong.

Explanation:

I just have to stall the robber for time if I were to get hurt so the police can arrive although I could handle myself.

8 0

3 years ago

Read 2 more answers

Hiiiiiiiiiii how are yall doing and how is your day

nekit [7.7K]

Hello! I’m doing okay kind of tired how are you?

5 0

2 years ago

Why does the woman believe that she’s found Lincoln’s sheet music?

omeli [17]

Answer:

BEcasue she foudn the music sheet at lincolns house

Explanation:

8 0

2 years ago

Can State Constitutions can provide fewer rights to individuals than the U.S.Constitution?

Maslowich

Do US Constitution provides the floor beneath individual rights, well stating constitutions can provide greater but not lesser protection. So I think it’s c but I’m not sure!!

7 0

2 years ago

From the following, please choose which branch of government may have made the following examples of law, and whether each would

Lera25 [3.4K]

Answer:

An agreement between Mexico, Canada and USA would be made by the Executive because it's the President who sings this kind of agreements.
The Compassionate Use would be legislative because the FDA needs to approve and the are autorized to make laws.
The necessity of giving the Miranda Warning to persons being arrested, it's Judicial because is the "reading" of their rights.
An ordinance making it illegal to plant Mulberry trees, would be made by a Local.
The right to abortion, would be made by a Judicial power because that would mean that it won't be penalized.

Explanation:

It'd be a Federal law.
It'd be a Federal law.
It'd be a Federal law.
It'd be local because there is no Federal or State law who bans such tree.
It'd be a State law. [Each state has the power to decide over this]

6 0

3 years ago