Why has nominal GDP increased faster than real GDP in the United States over time? What would

Question:

Why has nominal GDP increased faster than real GDP in the United States over time? What would it mean if an economy had real GDP increasing faster than nominal GDP?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics

ISBN: 9781032046723

9th Edition

Authors: William Boyes, Michael Melvin

See More Books

Question Posted: Apr 23, 2024 02:01 AM

See More Questions

Why has nominal GDP increased faster than real GDP in the United States over time? What would it mean if an economy had real GDP increasing faster than nominal GDP?
A company's current revenue is $15,264 per year. Because new competitors have entered the market, It expects this to decrease by $3,882 per year over the next 13 years. What is the new EUAB if their...
At what points are the function. y = x tan x 2 x + 1
Chris Higgins and Taylor Pyett's partnership agreement states that Higgins gets 60 percent of profits and Pyett gets 40 percent. If the agreement does not discuss the treatment of losses, how are...
Two kilograms of nitrogen at 100 K, x 0.5 is heated in a constant pressure process to 300 K in a piston/cylinder arrangement. Find the initial and final volumes and the total heat...
Annual household expenditures (in dollars) of a random sample of university professors: Find the range, mean, variance, and standard deviation of the sample data set. 37,224 40,964 43,724 36,188...
Salary is hypothesized to depend on educational qualification and occupation. To understand the dependency, the salaries of 40 individuals [SalaryData.csv] are collected and each person's educational...
Write a C function to set a bit in the binary representation of an unsigned integer number of four bytes (bits counting from right to left as bit0, bitl, bit2, ..., bit31), and display both the...
We usually discuss GDP in terms of what is included in the definition. What is not included in GDP? Why are these things excluded?
Indirect business taxes and capital consumption allowance are not income, yet they are included in the calculation of GDP as income received. Why do we add these two nonincome components to the other...
The following data are taken from the comparative balance sheets of Bundies Billiards Club, which prepares its financial statements using the accrual basis of accounting. Members are billed based...
Is there a best method for completing performance appraisals for each of the three different types of employees in an MNE? If so, describe the ways in which an HRIS may help.
Why is it important to estimate the benefits to be derived from new HRIS functionality before you estimate the costs? If costs were estimated first, how might this change the analysis?
Describe a training program for expatriates. In what ways do HRIS help improve their effectiveness and efficiency? Why is it recommended that the family of the expatriate also receive training?
If you were asked to develop a training plan for an HRIS implementation, what kinds of things would you include? Why?
How has the use of HRIS evolved over the past 10 years in organizations, and how might this influence an organizations evaluations of additional investments in new or updated HRIS functionality?
An equimolar mixture of carbon dioxide and water vapor at 1 atm and 60C enter a dehumidifying section where the entire water vapor is condensed and removed from the mixture, and the carbon dioxide...
Determine by direct integration the values of x for the two volumes obtained by passing a vertical cutting plane through the given shape of Fig. 5.21. The cutting plane is parallel to the base of the...
what intricate interplay of cognitive, socio-cultural, and technological factors does the process of organizational learning evolve, spanning hierarchical structures, cross-functional domains, and...
A. Define what cross price elasticity is and how this measure is often used in antitrust lawsuits and the determination of what a "relevant market" is. B. If two products have a very high positive...
How a person that came from a foreign country and migrated to the USA and succeeded by having his own business?

Why has nominal GDP increased faster than real GDP in the United States over time? What would

Question:

Step by Step Answer:

There are a few key reasons why nominal GDP has increased faster than real GDP in the US over time I...View the full answer

Economics

Students also viewed these Business questions