The answer is C. Can someone give me a detailed explanation of why the first statement is false?
![2. [2 marks] Consider the following two statements: I. Nominal GDP in a year is always larger than real GDP in the same year](http://img.homeworklib.com/questions/a7379410-7927-11ea-bc23-d37b4b734b90.png?x-oss-process=image/resize,w_560)
Homework Answers
Answer is C and statement first is wrong because
Nominal GDP = Real GDP + Inflation.
Inflation could be negative in any given year it must not always positive. If prices goes down then earlier then it could be negative. And if inflation is negative then value of Real GDP will be higher then Value of Nominal GDP. In that case -
Nominal GDP = Real GDP + ( - inflation)
OR
Nominal GDP = Real GDP - Inflation.
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The answer is C. Can someone give me a detailed explanation of
why the first statement...
Hello can someone help me answer this plz? Part C confuses me Exercise 4: Calculate Inflation...
Hello can someone help me answer this plz? Part C confuses me
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The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP. (Enter your responses rounded to one decimal place.) Nominal GDP Real GDP (Billions of dollars Year (Billions of dollars Price Index 2000 2004 2008 2012 2015 $10,284.8 $12,274.9 $14,718.6 $16,155.3 $18,036.6 81.9 89.1 99.2 105.2 110.0 Suppose that in Year 1 the total output in a single-good economy was 7,500 buckets of...
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define the following statement, is it true, false or uncertain?
please answer in detailed explanation.
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Appreciate if you can answer this ONE QUESTION COMPLETELY and give me a detailed working with...
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Appreciate if you can answer this ONE QUESTION
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Will only give an up vote if detailed explanation is given.
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Hello can someone help me answer this plz? Part C confuses me
Exercise 4: Calculate Inflation and Compare CPI vs GDP Deflator (14) Consider an economy in which pizzas and burgers are produced. In year 1, 20 million pounds of pizzas are produced and consumed, and the price of pizza is $2 per pound, while 40 million pounds of burgers are produced and consumed and the price of burger is $0.50 per pound. In year 2, 30 million pounds of...
Appreciate if you can answer this QUESTION
COMPLETELY and give me a detailed working with explanation
for me to understand. Once completed so long as my doubts are
cleared and the solutions are correct, I will definitely vote
up.
This question is related to STATISTICAL METHODS AND
INFERENCE
Thank you.
Question 1 (6) A study is conducted to examine the effects of educational level on the productivity performance level of a group of employees in a company. The data is...
Help! Please give me an explanation as well
The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP. (Enter your responses rounded to one decimal place.) Nominal GDP Real GDP (Billions of dollars Year (Billions of dollars Price Index 2000 2004 2008 2012 2015 $10,284.8 $12,274.9 $14,718.6 $16,155.3 $18,036.6 81.9 89.1 99.2 105.2 110.0 Suppose that in Year 1 the total output in a single-good economy was 7,500 buckets of...
Appreciate if you can answer this QUESTION
COMPLETELY and give me a detailed working with explanation
for me to understand. Once completed so long as my doubts are
cleared and the solutions are correct, I will definitely vote
up.
Thank you.
Question 5 A chemical engineer carried out several batches of experiments to evaluate two types of catalysts. The objective is to determine whether catalyst B produces higher mean process yield than catalyst A. In this case, a random sample...
define the following statement, is it true, false or uncertain?
please answer in detailed explanation.
A.4 In Canada as well as elsewhere the slope of the Phillips curve the relationship between inflation and cyclical unemployment) has flattened, implying that changes in cyclical unemployment are exerting less of an influence on inflation. This flattening of the curve is difficult to rationalize based on the various models you have studied in class.
Appreciate if you can answer this ONE QUESTION
COMPLETELY and give me a detailed working with explanation
for me to understand. Once completed so long as my doubts are
cleared and the solutions are correct, I will definitely vote up.
Some of the question are similiar to take a look carefully before
you answer as it's very important for me.
Thank you
Question 1 A laboratory test is 95 % correct in detecting a certain disease when the disease is...
Can someone please give a detailed
explanation of the steps within this reaction? Thank you.
Give the products of the reaction below. Give the structure of all possible products and give the names for each product. b) Elimination of water from 2-butanol
Appreciate if you can answer this ONE QUESTION
COMPLETELY and give me a detailed working with explanation
for me to understand. Once completed so long as my doubts are
cleared and the solutions are correct, I will definitely vote up.
Some of the question are similiar to take a look carefully before
you answer as it's very important for me.
Thank you
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Will only give an up vote if detailed explanation is given.
Thank you.
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