What is the difference between real GDP and nominal GDP

Reference no: EM13335842

1. What is the difference between real GDP and nominal GDP?

2. Does GDP accurately reflect our nation’s productivity? Why or why not?

3. Is there a relationship between GDP and the business cycle? If so, what relationship exists and how might a business manager use this information to increase their profits?

4. Provide an example of a business that does better during recessions

Reference no: EM13335842

Questions Cloud

What are its gross margin-operating profit : A sporting goods store with sales for the year of $400,000 and other income of $32,000 has operating expenses of $123,000. Its cost of goods sold is $207,000. What are its gross margin, operating profit, and net profit in dollars?

Construct an income statement : Given the following information, construct an income statement for the Neiman Marcus Group. Determine if there was a profit or loss in 2009.

Determine the asset turnover : Using the following information taken from the 2009 balance of Bass Pro Shop, determine the asset turnover:

Consider a simple population consisting : Consider a simple population consisting of only the numbers 1,2 and 3 (an unlimited number of each), nine different samples of size 2 could be drawn from this populations; (1,1), (1,2), (1,3), (2.1), (2,3),(3,1), (3,2), (3,3).

What is the difference between real GDP and nominal GDP : What is the difference between real GDP and nominal GDP? Does GDP accurately reflect our nation’s productivity? Why or why not? Is there a relationship between GDP and the business cycle? If so, what relationship exists and how might a business manag..

Why is the demand for labor a derived demand : Why is the demand for labor a derived demand? Explain the shape of the supply of labor curve. What is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income?

Explaining why the sales and operations planning : Explaining why the sales and operations planning should transcend the company’s boundaries. Explain at least 2 sales and operations of supply chain strategies. Explain why the sales and operations planning should transcend, Maria and Janet’s company’..

Negative conflict diagnostic : Long lasting and difficult conflicts between individuals usually stem from differences in: One occasion in which managers should work to stimulate conflict is when: All of the following are negative conflict diagnostic questions except:

Second statement of the problem of the republic : Farewell to Socrates. (The Second Statement of the Problem of the Republic) Glaucon thinks that Socrates in Book I has not been successful in trying to defeat Thrasymachus. But, in an obvious way, Thrasymachus was defeated.

User Account

All Pages