« previous next »

Author Question: What is the relationship between real and nominal GDP? a. real GDP = nominal GDP Price level b. ... (Read 81 times)

sjones

  • Hero Member
  • *****
  • Posts: 520
on: Jun 30, 2018
What is the relationship between real and nominal GDP?
 
  a. real GDP = nominal GDP  Price level
  b. nominal GDP = Real GDP/Price level
  c. real GDP = nominal GDP/Price level
  d. real GDP = nominal GDP + Price level.

Question 2

For the period we are studying (17891860), the United States
 
  (a) was a high tariff, protectionist nation.
  (b) derived the vast majority of federal revenues from the tariff.
  (c) was divided on the question of the tariff, with the South generally in opposition to it.
  (d) was characterized by all of the above.


aloop

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

(d)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

The structure of skin (a) and epidermis (b) at the microscopic level. The structure of skin (a) and epidermis (b) at the microscopic level.
Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896 Wheat and Cotton Prices and Consumer Price Indexes, 1865–1896
A weather map depicting the sea-level pressure distribution for March 4, 1994. A weather map depicting the sea-level pressure distribution for March 4, 1994.
Solow Model with Saving Dependent on Income Level Solow Model with Saving Dependent on Income Level
Length-Tension Relationship Length-Tension Relationship
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library