Why is it important to convert the GDP and national income to constant dollar value when using
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
The nominal value of the GDP may increase simply because ...View the full answer
Answered By
Parvesh Kumar
I am an experienced Mathematics and Statistics tutor with 10 years of experience teaching students and working professionals. I love teaching students who are passionate to learn subjects or wants to understand any mathematics and statistics concept at graduation or master’s level. I have worked with thousands of students in my teaching career. I have helped students deal with difficult topics and subjects like Calculus, Algebra, Discrete Mathematics, Complex analysis, Graph theory, Hypothesis testing, Probability, Statistical Inference and more. After learning from me, students have found Mathematics and Statistics not dull but a fun subject. I can handle almost all curriculum of mathematics. I did B.Sc (mathematics), M.Sc (mathematics), M.Tech (IT) and am also Gate (CS) qualified. I have worked in various college and school and also provided online tutoring to American and Canadian students. I look forward to discussing with you and make learning a meaningful and purposeful
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Why is it important to adjust for inflation when comparing nominal quantities (for example, workers' average wages) at different points in time? What is the basic method for adjusting for inflation?
-
How is a recession defined according to the Bureau of Economic Analysis? How does this definition differ from that used by the National Bureau of Economic Research? What are the strengths and...
-
Is the under consumption theory of the business cycle valid? Why or why not?
-
Tubby Toys estimates that its new line of rubber ducks will generate sales of $7 million, operating costs of $4 million, and a depreciation expense of $1 million. If the tax rate is 35%, what is the...
-
The expression F = arv + br 2v 2 gives the magnitude of the resistive force (in newtons) exerted on a sphere of radius r (in meters) by a stream of air moving at speed v (in meters per second), where...
-
One of the biggest vulnerabilities in a control system is network devices, such as Ethernet-based network switches that are located in unsecured locations and accessible to everyone. DeltaX switches,...
-
If the allowable bearing stress for the plates under the supports at A and B is ( b ) allow =1.8 MPa, determine the maximum load P that can be applied to the beam. The plates A and B have square...
-
True, False, or Uncertain: After a portfolio company has an IPO, the VCs are free to sell their stock in this company in the public market.
-
Determine the cash fixed costs which are used when calculating EBDAT: Administrative expenses = $ 1 0 0 , 0 0 0 ; Rent expenses = $ 7 0 , 0 0 0 ; Depreciation expenses = $ 5 0 , 0 0 0 ; and Interest...
-
What is the solution of the recursive equation T (n) = 0.015625T +n?? (1/4) a) O(n') b) O(n' lg n) c) O(n* Ign) d) O(7*)
-
In 2010 the federal government spent $1.2 trillion on goods and services, according to the GDP accounts. The federal budget, however, shows total expenditures of almost $3.9 trilli0n. What is the...
-
How should adjustments for population changes be included before using GDP figures as a measure of economic progress?
-
Style Corporation manufactures specialty lines of women's apparel. During February, the company worked on three special orders: A-25, A-27, and B-14. Cost and production data for each order are as...
-
Costs that have been expended and that should have little to no effect on future project decisions is what type of cost?
-
The Johnson Company is computing diluted earnings per share for the current year. The company has convertible bonds outstanding that have been judged as being anti-dilutive. What is the significance...
-
Outline the opportunities managers can use to maintain their knowledge of current and emerging legal requirements and ethical issues.
-
Let's say you wrote a check for $300 on your Bank of America checking account, but the bank posted it as $3,000. The bank told you that you'll have to get the money from the other party. Is this...
-
What are the `deterrent' and `incapacitation' effects in the Becker model of crime? What are the main findings from academic literature about these factors with relevant empirical evidence, the...
-
Use the Chain Rule to find dz/dt or dw/dt. z = xy 3 - x 2 y, x = t 2 + 1, y = t 2 - 1
-
Given find the value of k. es 1 e kx dx = 1 4'
-
Does any of the discussion in this chapter lead you to believe that dollar deposits may have liquidity characteristics different from those of other currency deposits? If so, how would the...
-
In October 1979, the U.S. central bank (the Federal Reserve System) announced it would play a less active role in limiting fluctuations in dollar interest rates. After this new policy was put into...
-
Imagine that everyone in the world pays a tax of percent on interest earnings and on any capital gains due to exchange rate changes. How would such a tax alter the analysis of the interest parity...
-
Individual Retirement Account (IRA) Bonds Mutual fund Stocks Futures Defined contribution plans What is it? Level of Risk and Potential Return Minimum investment? Easy to start or stop?
-
1. A company purchased machinery in 2015 for $400,000. Its value in 2018 was $320,000. Assuming the resale value decreases exponentially, what will the value be in 2020? As a part of your solution,...
-
ROA of a company is 8.57%, Total assets end of the year of 2021 are $9.6 million, ROE is 14% and Profit margin of 19.9% what is the firms value of net income? and what is stockholders equity?
Study smarter with the SolutionInn App