Discuss about real verses nominal gross domestic product, Macroeconomics

Assignment Help:

Discuss about real verses nominal gross domestic product.

Real verses Nominal Gross Domestic Product:

Real Gross Domestic Product: the value of the concluding goods and services produced computed by using the prices of some base year.

Nominal Gross Domestic Product: Production valued at recent prices.

Real Gross Domestic Product per capita is a measure of average result per person, but is not by itself a suitable policy goal.

Related Discussions:- Discuss about real verses nominal gross domestic product

Fall in prices and increase in quantity explain, /* Style Definitions */ ...

/* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-prior

Inflation, Social and Political Effects of Inflation in India and Other Cou...

Social and Political Effects of Inflation in India and Other Countries

Company is researching the effectiveness, A company is researching the effe...

A company is researching the effectiveness of a new web site design to decrease the time to access a website. Five web site users were randomly selected and their times (in seconds

Calculate percent removal pollutant and steady state, You are considering t...

You are considering three design alternatives for treating a pollutant in wastewater using a first-order process ( k = 1 min -1 ). The total flow is 10 million gallons per day (mg

Multiplier, money multiplier

money multiplier

Classical business cycle theory, The rate of interest in the UK also showed...

The rate of interest in the UK also showed very interesting results, to an impulse shock on oil price. The middle left graph from Fig 4.4 shows the results. Initially, in the short

Short-run after the increase in government purchases, Assume the marginal p...

Assume the marginal propensity to consume = .8, and government purchases increase by $.2 Trillion. 1. Potentially, how much will real GDP increase in the short-run after the inc

??, If the U.S. government were willing to convert dollars into gold at a f...

If the U.S. government were willing to convert dollars into gold at a fixed price, then dollars would be a. fiat money. b. commodity money. c. bank money. d. both fiat and

Change of production possibilities curve affects, Analyze the relationship ...

Analyze the relationship between the production possibilities curve and the circular flow diagram. Discuss how the change of production possibilities curve affects the circular flo

Assignment #1, Explain the meaning of a production possibilities curve

Explain the meaning of a production possibilities curve

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages