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aleksandrvk [35]
3 years ago
9

1. In an year, the real GDP of an economy a. Always equal to potential GDP b. Must always be less than potential GDP c. Will alw

ays be greater than potential GDP because of the tendency of developed nations to incur inflation d. Maybe greater or less than potential GDP
Business
1 answer:
fomenos3 years ago
3 0

Answer:

d. Maybe greater or less than potential GDP

Explanation:

Real GDP stands for real gross domestic product. It is defined as the measurement of the inflation-adjusted which reflects the quantity of all the goods and the services that is produced in a yean by an economy.

A potential GDP is defined as the level of the output that an economy that can produce at the constant inflation rate.

In a given year the real GDP can be greater than the potential GDP or the can be less than the potential GDP of an economy.

Hence the correct option is (d).

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3 years ago
Suppose that the united states and canada each produce only two products, televisions and food. The united states can produce 10
Alex

Answer: Trade between the two countries is beneficial when United States trade food to Canada and Canada would trade televisions to the United States.

Explanation: In international trade, each country will produce a good in which it has a comparative advantage (lower opportunity cost).

Opportunity cost of food is,

Unites states = \frac{100}{150} = 0.66

Canada = \frac{300}{330} = 0.90

Opportunity cost of television is,

Unites states = \frac{150}{100} = 1.5

Canada = \frac{330}{300} = 1.1

Since, opportunity cost of food is lower in the United states, United states will export food.

Opportunity cost of television is lower in Canada, Canada will export television to the United States.

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3 years ago
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OverLord2011 [107]

Explanation:

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If I've got it right, the answer with missing word looks like this: The market-perceived quality attributes are embedded in the total product, that is, the physical or core product and all the additional features the consumer expects.
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3 years ago
Caron turned down the extra project her boss offered because the pay for completing it was ten lottery tickets. caron expected a
MrRissso [65]
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3 years ago
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