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
Cloud [144]
3 years ago
9

What issues may arise if nominal gross domestic product was used instead of real gross domestic product?

Advanced Placement (AP)
1 answer:
AVprozaik [17]3 years ago
7 0

Answer: See explanation

Explanation:

Real gross domestic product is simply refered to the economic output of a particular country which has been adjusted for price changes as inflation was taken into consideration.

Nominal gross domestic product is the measurement of the gross domestic product of a particular country which makes use of current prices, and isn't inflation adjusted.

The issue that may arise when nominal gross domestic product was used instead of real gross domestic product is that the nominal GDP leads to the inflation of the growth figure in the economy. This is because the nominal GDP doesn't take inflation into effect.

This leads to the misleading of the GDP since there'll be an overstatement of the GDP even though it was actually a rise in the inflation rate for the particular economy.

You might be interested in
When the supply does not meet the wants and needs of people, then _____ exists.
lorasvet [3.4K]

Answer:

  • B. scarcity

Explanation:

If there is not enough supplies for the outdoor public to use, then they will not get the things they need. There will be a famine in the community where they live in. If everyone takes the supplies, or the supplies can not be made, there will be a scarcity of the product that the customers are actually looking for. There will be a shortage, or in other words, a <u>scarcity</u>. and there will of course be a crash in the economy because everything keeps leaving the stores because of such a high demand for whatever the item may even be. Hope this helps you.

5 0
3 years ago
Read 2 more answers
How many steps in marcotting?​
Veseljchak [2.6K]

Answer:

There are at least 5 steps in marcotting.

6 0
3 years ago
A new student at a high school is displaying normative conformity by all of the following except a. trying out for a sports team
Oksana_A [137]

Answer:

I guess it's C xd

8 0
3 years ago
Read 2 more answers
1a)Briefly explain ONE major difference between Josephson and Gutman's historical interpretation of the effects of industrializa
kicyunya [14]

Answer:

Josephson believed that industrialization created economic inequalities among people. Gutman, on the other hand, believes that industrialization has caused harmful tension among immigrants and natives.

Explanation:

For Josephson, industrialization created an immense social inequality between rich and poor, where the rich enriched themselves through the exploitation of workers and illegal activities that made them increasingly powerful, while the working class was increasingly exploited.

Gutman, on the other hand, believed that industrialization attracted many immigrants who were trying to get a job in the factories and thereby established competition with American citizens. Such competition generated social tension in the working class, which was often harmful.

4 0
3 years ago
The Human Services career path is where “public servants” of the world work. True or False?
ahrayia [7]

Answer:

true

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following programs provides high quality training and safety, union agreements, hundreds of hours of on-the-job tra
    12·2 answers
  • As explained in your textbook, when giving an informative speech, you should take special care to
    15·1 answer
  • The nullification crisis of 1832-1833 erupted over...
    15·1 answer
  • What is e=mc^2 and what does it mean?
    8·1 answer
  • Which statement about the relative astronomical size is true
    14·1 answer
  • Can someone explain why the answer is D? Thank you so much!
    9·1 answer
  • Seventy percent of the students in a classroom are women and 30 percent are men. One student is described as ambitious, athletic
    7·1 answer
  • What surveying instrument can be used for site layout and for determining if parts of a building are plumb?
    10·1 answer
  • The scores on the final exam were 65, 77, 80, 80, and 93. What is the mean score?
    9·2 answers
  • Developmental psychologists want to know if exposing children to public television improves their reading skills. independent an
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!