History
History, 26.09.2019 05:00, 203888

Real gdp is but nominal gdp is not.
a) total output
b) adjusted for price changes
c) total income

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Business, 08.07.2019 22:40, krab38
Recently, a teachers' union argued that the standard of living of teachers working for the school district was falling. the negotiating team for the school board replied that this was not true because the teachers had received significant increases in nominal income through collective bargaining. could the union statement be correct? multiple choice no, because real income may rise if price increases are proportionately greater than the increases in nominal income. yes, because real income may fall if price increases are proportionately greater than the increases in nominal income. no, because real income may rise if price increases are proportionately greater than declines in nominal income. yes, because real income may fall if price increases are proportionately smaller than the increases in nominal income.
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Business, 24.09.2019 05:10, prettygirl321490
Why is real gdp a more accurate measure of an economy's production than nominal gdp? real gdp does not include the value of intermediate goods and services, but nominal gdp does. real gdp is not influenced by price changes, but nominal gdp is. nominal gdp is adjusted for the effects of inflation or deflation, whereas real gdp is not.
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Business, 18.10.2019 14:30, yoyo80431
In the as/ad model, an expansionary monetary policy has the greatest effect on the price level when it a. increases both nominal and real income b. increases real income but not nominal income c. increases nominal income but not real income d. doesn't increase real or nominal income
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Social Studies, 22.10.2019 23:00, teamo794
Real gdp is preferred to nominal gdp as a measure of economic performance because a. nominal gdp uses current prices and thus may over or understate true changes in output. b. nominal gdp only includes goods and excludes services. c. nominal gdp is not adjusted for population changes. d. real gdp accounts for changes in the quality of goods and services produced.
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Do you know the correct answer?
Real gdp is but nominal gdp is not.
a) total output
b) adjusted for price changes

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