FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of these are correct? If a country reported a nominal GDP of $600 billion in 2017 and $580 billion in 2016: and it reported

Which of these are correct?

image text in transcribed
If a country reported a nominal GDP of $600 billion in 2017 and $580 billion in 2016: and it reported a GDP deflator of 120 in 2017 and a deflator of 125 in 2016, then between 2016 and 2017 then real output decreased; the price level increased. real output increased; the price level increased. ( real output increased the price level decreased real output decreased; the price level decreased

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managing Business Ethics Making Ethical Decisions

Managing Business Ethics Making Ethical Decisions

Authors: Alfred A. Marcus, Timothy J. Hargrave

1st Edition

1506388590, 978-1506388595

More Books

Students also viewed these Economics questions

Question

★★★★★
On May 31, the inventory balances of Abbey Designs, a manufacturer of high-quality childrens clothing, were as follows: Materials Inventory, $21,360; Work in Process Inventory, $15,112; and Finished...

Answered: 1 week ago

Question

★★★★★
What are the barriers to self-disclosure in men?

Answered: 1 week ago

Question

★★★★★
=+b) What are the standard deviations for each action?

Answered: 1 week ago

Question

★★★★★
Two identical spheres with mass m are hung from silk threads of length L, as shown in Fig. 21.44. Each sphere has the same charge, so q1 = q2 = q. The radius of each sphere is very small compared to...

Answered: 1 week ago

Question

★★★★★
Arlet picpai 1116 Lc Waik TechCidlion answer the question le Dallk TECUNCdtion answer the questions in Blackboard and then staple the bank reconciliation to the back cover. I Part Five Instructions...

Answered: 1 week ago

Question

★★★★★
The chief financial officer of a hospital wants to evaluate income statement expense trends looking at each line item as a percent of patient service revenue for a given year. Which method of...

Answered: 1 week ago

Question

★★★★★
16. At what point of the line joining the charges 3 nC and -2 nC, kept 15 cm apart, the potential is zero? Consider the potential at infinity to be zero. Hint: Accordin

Answered: 1 week ago

Question

★★★★★
17. Find out the work done in carrying a small charge of -2nC from a point (0, 0, 0.03 m) to (0, 0.04 m, 0) through (0,0.06m, 0.05 m). Consider the charge 8103 C is placed at origin. Hint: Potenti

Answered: 1 week ago

Question

★★★★★
18. Surface charge density of a thin planar sheet, = 106 C/m. Two equipotential surfaces, at the potential difference 10 V all drawn due to the given sheet. Calculate the distance of the...

Answered: 1 week ago

Question

★★★★★
19. Two isolated conducting solid spheres of radii 'a' and '2a' are charged, till they both attain a surface charge density and kept far away from each other. What would be the charge density of the...

Answered: 1 week ago

Question

★★★★★
A contractor purchases cleaning solvent for $11,640. According to Cost Accounting Standard (CAS) 411, if the material cost for the solvent is not allocated to a specific cost objective or an indirect...

Answered: 1 week ago

Question

★★★★★
2. Find five metaphors for communication.

Answered: 1 week ago

Question

★★★★★
5. Starting with a motive you may have for acting the way you do in a particular situation: a) What purpose did you seek to achieve? b) Which aspects of your past and your surroundings influenced...

Answered: 1 week ago

Question

★★★★★
3. (Constructing a metaphor about something can be done by comparing it to something else by using the word is. For instance, Communication is a bridge between people.

Answered: 1 week ago

Previous Question Next Question