Explain why an economist would focus on real GDP rather than nominal GDP.
Question:
Explain why an economist would focus on real GDP rather than nominal GDP.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Answer Gross domestic product GDP shows the monetary value of all goods and services produc...View the full answer
Answered By
Arpit Bhargava
I completed Masters in Economics in 2017 from TERI School of advance studies. During my post-graduation I got opportunities to write literature reviews, term papers as well as a thesis on Air pollution in Delhi. My key interest areas are economics, econometrics and multivariate analysis. As far as my teaching experience is concerned, I have been tutoring on online platforms like chegg, coursehero etc for the past few years.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Explain why an economist and a zoologist, look ing at horses, cows, and automobiles, would not choose the same two out of three as belonging to a set.
-
Why do economists use real GDP rather than nominal GDP to gauge economic well-being?
-
An economist discussing trade policy in The New Republic wrote: One of the benefits of the United States removing its trade restrictions [is] the gain to U.S. industries that produce goods for...
-
Each student will interview a manager or an employee (who might be a family member, a friend, or an acquaintance) to determine the extent to which the issues raised in the case are represented in his...
-
Are all temporary differences that exist at balance date recognised as deferred tax assets or deferred tax liabilities?
-
The Parent Company (TPC) had existed six to seven years under the control of a venture capital group. Although it was publicly traded, two-thirds of it were owned by the VCs and its operating...
-
Great Man leadership theory assumes that: A. All leaders are great men. B. Leadership is determined by genetic and social inheritance. C. Leaders are from the working class D. A and B.
-
George Reed, 48 and a widower, and Debbie Moore, 44 and previously divorced, were married five years ago. There are children from their prior marriages, two children for George and one child for...
-
Light emitting diode (LEDs) light bulbs have become required in recent years, but do they make financial sense? Suppose a typical 60-watt incandescent light bulb costs $.37 and lasts for 1,000 hours....
-
Nautilus Resources is investing in a new heavy oil upgrader in northern Alberta. Nautilus has hired Rite Build Contractors to construct the facilities. The contract price is $3,600 million to be...
-
The analysis of SHM in this chapter ignored the mass of the spring. How does the springs mass change the characteristics of the motion?
-
Why does it matter whether you have a defined contribution plan or a defined benefit plan in terms of whether there is a degree of underfunding that your boss might not be telling you about?
-
Fill in the Blanks. The finite difference approximations are based on ___________ series expansion.
-
A coffee filter of mass 1.2 grams dropped from a height of 3 m reaches the ground with a speed of 0.7 m/s. What is the change in thermal energy of the air and coffee filter? Start from the Energy...
-
Discuss a fictitious company you create that offers a product or service of your choice. The following facts about the company provide the framework for this Your company is based in the United...
-
Zack is using the Treynor and Black optimisation method. He has determined that the optimal weighting in the active portfolio is 76.19%. The active portfolio has a residual standard deviation of 5%...
-
A physics student stands on a cliff overlooking a lake and decides to throw a golf ball to her friends in the water below. She throws the golf ball with a velocity of 22.5m/s at an angle of 32.5...
-
1/ A. For each of the following scenarios identify 3 ways Data Analytics could be used to provide additional information: Scenario 1 : University - student data Scenario 2 : Company - customer...
-
For the following set of scores: a. Construct a frequency distribution table. b. Sketch a polygon showing the distribution. c. Describe the distribution using the following characteristics: (1) What...
-
The cash records of Holly Company show the following four situations. 1. The June 30 bank reconciliation indicated that deposits in transit total $720. During July, the general ledger account Cash...
-
Under what conditions is an accrual-basis taxpayer allowed to defer reporting amounts received in the advance of the delivery of goods?
-
Under what conditions is an accrual-basis taxpayer allowed to defer reporting advance payments received for services?
-
a. Is the interest received from government obligations taxable? Explain. b. What impact does the fact that some bond interest is tax exempt have on interest rates? c. Is an investor always better...
-
4. Congratulations! You completed your accounting education and have now been hired by a CPA firm as a new staff auditor. The Senior Partner has assigned you to an audit of The Neighborhood Shoppe, a...
-
A distributor use a Periodic Review Policy and places order every 3 weeks for Galaxy NoteVI, the Lead time is 2 weeks. The Average weekly demand is 44.58; standard deviation of weekly demand is...
-
US GAAP provides the "rulebook" to help ensure all for-profit and not-for-profit entities present their _____ accurately. Select an answer: financial performance results taxes governmental records...
Study smarter with the SolutionInn App