Nominal GDP is a good snapshot of the current value of production in an economy but it cannot be used to make comparisons over time because prices change.
Nominal GDP is an indicator used to understand a country's economy. It measures the current value of production of a country. But it cannot be considered as a good measure. One important drawback of Nominal GDP is that it cannot be used to make comparisons of production prices over time because it doesn't take inflation into account.
Nominal GDP works only with current prices and the price changes will not be seen when calculated through years.
So Real GDP is considered for comparisons of product prices over time.
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Answer:
The correct answer is B
Explanation:
Resources are used efficiently in the sunhat market because when marginal social benefit equals marginal social cost, total surplus is maximized. Thus, From the given four options only the option B is the correct option.
MSC = Marginal Social cost
MSB = Marginal Social Benefit
It is becuase in the competitive market, the quantity that is supplied in the market in same to the quantity which is demanded.
The correct answer is product development.
In the product development stage the company will work on things like the positioning and marketing of the new board game. Their goal is to create a need for the game and make people want to buy it.
The sales goals. That's it
Answer: Answer
Explanation: just took quiz quiz on edge
