« previous next »

Author Question: What is the relationship between real and nominal GDP? a. real GDP = nominal GDP Price level b. ... (Read 54 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 occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Sugar Cube-Sized Robotic Ants Mimic Real Foraging Behavior Sugar Cube-Sized Robotic Ants Mimic Real Foraging Behavior
Parabola Real World Example Parabola Real World Example
Energy Level Diagram of Hydrogen Energy Level Diagram of Hydrogen
Two views of the phylogenetic relationship between Neandertals and modern H. sapiens. Two views of the phylogenetic relationship between Neandertals and modern H. sapiens.
Level II HCPCs Codes Level II HCPCs Codes
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
Video: Cellular Respiration & Glucose Mobilization (Glucose transport & Phosphorylation of Glucose)

For a complete list of videos, visit our video library