Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consider a simple economy that produces two goods: apples and oranges. The following table shows the prices and quantities of the goods over a three-year period. Year Apples Oranges Price Quantity Price Quantity (Dollars per apple) (Number of apples) (Dollars per orange) (Number of oranges) 2008 1 110 2 150 2009 2 155 4 215 2010 3 120 4 180 Use the information from the previous table to fill in the following table. Year Nominal GDP Real GDP (Dollars) (Base year 2008, dollars) 2008 2009 2010 From 2009 to 2010, nominal GDP , and real GDP . Why is real GDP a more accurate measure of an economy's production than nominal GDP? Real GDP measures the value of the goods and services an economy produces, but nominal GDP measures the value of the goods and services an economy consumes. Nominal GDP is adjusted for the effects of inflation or deflation, whereas real GDP is not. Real GDP is not influenced by price changes, but nominal GDP is. Grade It Now Save & Continue
What accounts for the geographic dispersion of the Federal Reserve district banks? Shouldn’t the president be allowed to appoint a new Fed chairman at the start of his administration?
What describe the distribution of national salary among labor and capital in a competitive, profit-maximizing economy with constant returns to scale.
Suppose that the only input used in the generation of solar energy is sunlight
A movie monopolist sells to college students and other adults. The demand function for students is Qds=2000-25P, and the demand function for other adults is Qds=2400-25P. Marginal cost is $6 per ticket. Instructions:Round your answers to 2 decimal pl..
You take $1000 you had kept under your mattress and deposit it in your bank account. If this $1000 stays in the banking system as reserves and if banks hold reserves equal to 20 percent of deposits, by how much does the total amount of deposits in th..
Economists have devoted a lot of effort to estimating the natural rate of unemployment in particular countries at particular times. Is this a useless academic exercise, or are there good reasons to want to know this number? Explain.
Elucidate how if at all among the following events affects the location of a country's production possibilities curve.
The type of planning conducted on a long-range basis by top managers is usually called
Which of the following would tend to increase AD?
On Jan. 1, 1965, you purchased a small house in Alameda, California for $20,000. On Jan. 1, 2015, you sold the house for $900,000. What is the effective annual rate of return (compounded annually) on this investment?
What are the advantages and disadvantages of regression models in comparison to using a computerized regression routine.
Why is a point below the production possibilities curve less efficient than a point on that curve?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd