Thaliax4181 Thaliax4181

06-02-2024
Business

contestada

Elaborate on the concepts of nominal gross national product and real gross national product with examples to illustrate the significance of these measures in economic decision-making.
a) Nominal GDP measures the total value of goods and services produced, while real GDP adjusts for inflation.
b) Nominal GDP considers only current market prices, while real GDP accounts for constant base-year prices.
c) Both nominal and real GDP provide the same economic information.
d) Nominal GDP is irrelevant in economic decision-making.

Respuesta :

Otras preguntas

The Hackman's home is valued at $650,000. Properties in their area are assessed at 60% of the value, and the local tax rate is $2.85 per one hundred dollars of

_ is it type of weathering caused by a chemical reaction with water

The 5 basic rules (also called conventions) for naming files and folders are:

The Superintendent can examine an authorized fraternal benefit society and property/casualty insurance company once every:_________ A) 12 months. B) 18 months.

The amount of water a body requires for survival is dependent upon the climate and the individual’s level of physical activity. Please select the best answer

what is equivalent to y=mx+b

Suppose that a consumer who spends her budget on X and Y is initially at equilibrium. If the price of X increases, then the MU/P of X will.

In addition to test preparation, the Aspire test provides you with information regarding potential O A. scholarships OB. jobs O c. school loans O D. careers SUB

A consumer researcher who examines consumers' lifestyles and personalities is studying:

A plane is traveling between City A and City B, which are 2000 miles apart. City A is due north of City B, and there is a strong, constant wind blowing due sout