Answer:
c. Nominal incomes are determined by nominal factors; they are not affected by real factors.
Explanation:
Real value is nominal value adjusted for inflation. The real value is obtained by removing the effect of price level changes from the nominal value of time-series data, so as to obtain a truer picture of economic trends. The nominal value of time-series data such as gross domestic product and incomes is adjusted by a deflator to derive their real values.
The nominal values of something are its money values in different years. Real values adjust for differences in the price level in those years. For a series of nominal values in successive years, different values could be because of differences in the price level. But nominal values do not specify how much of the difference is from changes in the price level. Real values remove this ambiguity. Real values convert the nominal values as if prices were constant in each year of the series. Any differences in real values are then attributed to differences in quantities of the bundle or differences in the amount of goods that the money incomes could buy in each year.
<span>The correct answer is individual achievement</span>
Western society values the freedoms and liberties of the
individual as well as the individual’s pursuit of happiness and personal
fulfillment. Individual achievement involves personal success and marks a
departure from traditional view where emphasis on the tribe often overwhelmed the individual
Answer:
If you don't provide the right amount of light, your plants won't bloom and may ... Typically, a mini-cacti plant requires at least four hours of direct sunlight daily to thrive. ... How Much Light Does a Cactus Plant Need To Thrive? ... Therefore, the best approximation we have when it comes to light is to measure the duration.
Explanation:
Answer:
The correct answer is option C.
Knowledge-centered and skill-centered approaches should be balanced.
