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.
Improved technology allows to create more goods and to increase the efficiency of providing services (answer d.) and this is they way that it increases standards of living. If there are more goods and services then more people have an access to them.
Hey there!
Definition:
A donor is usually a person who willingly donates something to an organization or charity of some sort.
Sentence:
An anonymous donor has donated 25 dollars to our charity.
Thank you!
In 1763, Spain owned land west of the Mississippi River. Spaniards were the first people to visit the Lousiana region in 1541. However, it was the French who established a presence in this area in 1682. They claimed the entire Mississippi River basin. <span>France controlled this area until 1763 when it ceded the land west of the Mississippi River to Spain. </span> France was then defeated in the French and Indian war so she lost the territory east of the Mississippi River to Great Britain.
The answer is true because priest goes on the top to prayer. to get closer to god I guess
