1. The nominal GDP in 2014 for the two-good economy was $71,250.
2. The real GDP in 2014 for the two-good economy was $48,250.
3. Real output from 2013 to 2014 has B) decreased for the two-good economy.
What is the difference between nominal GDP and real GDP?The difference between Nominal GDP and Real GDP is that Nominal GDP uses the current dollar prices without accounting for inflation.
On the other hand, Real GDP removes the effect of inflation in computing the GDP.
The formula for Nominal GDP is Current Price x Current Quantity.
The formula for Real GDP is Base Year Price x Current Quantity.
Data and Calculations:Shirts Pants
Year Price Quantity Price Quantity
2013 $5.50 1,500 $10.00 5,000
2014 7.50 1,500 $15.00 4,000
Nominal GDP:2013 = $58,250
2014 = $71,250 ($7.50 x 1,500 + $15 x 4,000)
Real GDP:2013 = $58,250
2014 = $48,250 ($5.50 x 1,500 + $10 x 4,000)
Thus, whereas the nominal GDP in 2014 was $71,250, the real GDP was $48,250.
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Question Completion:The table below contains prices and output for a two-good economy. Nominal and real GDP in 2013 are both $58,250.
Use the information in the table to answer the following questions.
1. What was the nominal GDP in 2014?
2. What was the real GDP in 2014? Use 2013 as the base year?
3. Real output from 2013 to 2014 has:
A) experienced inflation.
B) decreased.
C) stayed the same.
D) increased.
Shirts Pants
Year Price Quantity Price Quantity
2013 $5.50 1,500 $10.00 5,000
2014 7.50 1,500 $15.00 4,000
which development occured during the golden age of middle kingdom
Answer:
The trading routes in Egypt as well as the arts and architecture.
Explanation:
The middle kingdoms "Golden Age" was called as such because of Egypt's expanded trading routes. Egyptian arts and architecture such as irrigation channels also contributed to the Golden Age as well.
hope this helped! :)
8. a published article written by a history teacher
Secondary
Primary
Examples of primary sources include diaries, non-public journals, authorities facts, court docket information, property facts, newspaper articles, navy reviews, navy rosters, and many different matters. In comparison, a secondary supply is the standard history e-book which might also speak about someone, occasion, or different ancient topic.
Primary resources may consist of diaries, letters, interviews, oral histories, pix, newspaper articles, authorities files, poems, novels, performances, and songs. the collection and evaluation of primary resources are vital to historical studies.
Secondary assets are works that examine, investigate or interpret an ancient occasion, generation, or phenomenon, commonly utilizing number one resources to achieve this. Secondary resources often offer a review or a critique. Secondary assets can consist of books, magazine articles, speeches, critiques, studies reports, and more.
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Saddam Hussein's government took which of the following actions to ease tensions after the first Gulf War?
Gretchen earned $500 from her summer job. She made a list of things that she wants to do with the money she earned.
One pair of pants represented the opportunity cost because she had to alter her spending plans in order to purchase them.
More about opportunity cost:
Opportunity costs are the benefits that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making them simple to ignore. Simply said, it is the value that is lost when a corporation must choose between two or more options.
Opportunity cost, from the viewpoint of the investor, suggests that choices made about investments will always result in an immediate loss or gain in the future.
Complete Question:
What is the opportunity cost in this Scenario? Gretchen earned $500 from her summer job. She made a list of things that she wants to do with the money shee earned. She thought of spending $100 to buy a guitar amplifier, enrolling in a ballet class for $200, buying new clothes worth $100, and giving her mom a silver necklace Worth $100. When she went to buy the amplifier, she found it cost around $150. She knew that she couldn't change the fee for the dance classes. So she had to adjust the budget for her clothes or her mom's gift. In the end, she decided she would buy one pair of jeans instead of the two pairs of jeans she had planned.
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PLEASE ANSWER THIS QUICKLY!!
1. Psalm 37:17
uphold
2. Proverbs 16:9
direct
3. Daniel 2:21
dispose
4. Psalm 67:4
govern
Consider the OWL at Purdue's definition of common knowledge, then describe
an example of information from your research topic, discipline, or culture t
that
you feel may fall under this category.
In general, common knowledge is information that is unexplained in at least five reputable sources.
For example, "writing is tough," is regarded common knowledge in the subject of composition studies since it is supported by at least five trustworthy sources.
Remember the golden rule: cite when in doubt. If the citation is found to be needless or overly repetitious, your teacher or supervisor will notify you.
What is citation?A citation is a source reference. A citation is an abbreviated alphanumeric phrase embedded in the body of an intellectual work that marks an entry in the book's bibliographic references section for the purpose of acknowledging the relevance of others' works to the topic of discussion at the point where the citation occurs.
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Given the above situation,is the problem of poverty going to be effectively resolved
Maintaining economic growth, increasing employment opportunities, maintaining a minimum wage rate, and reintroducing progressive taxes are some of the policies to solve poverty.
Promoting economic growth will result in increased total income and employment, as well as a more equitable distribution of wealth and resources in society and help to solve poverty. Unemployment is a major contributor to poverty, causing more people to rely on government assistance. Poverty and unemployment are frequently geographical issues that affect specific economically depressed areas of a country. Government policies can help with this. Raising the national minimum wage is another effective way to combat poverty.
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1.4 Discuss SIX consequences of lack of basic services
It has been determined that a lack of access to essential services including
The three main effects of a lack of essential services on a community are that resources deplete, there are no job prospects, jobs are lost, and general living conditions are poor.
1. housing, energy, water, and sanitation worsens poverty.
2. Poverty is also influenced by socioeconomic characteristics as unemployment, education, gender, income, and household size.
3.Poor Health
4. Lack of peace, dishonest or inadequate leadership.
5. Subpar public services.
6. An elderly and sedentary population.
These are the primary causes.
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A young girl almost drowns after falling off a boat in the middle of a lake. Now she is
nervous about going out onto the water. It's likely that boats have become a(n):
unconditioned stimulus.
unconditioned response.
conditioned stimulus.
conditioned response.
A young girl almost drowns after falling off a boat in the middle of a lake. Now she is nervous about going out onto the water. It's likely that boats have become a(n) conditioned stimulus.
Conditioned stimulus is a previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually comes to trigger a conditioned response.In classical conditioning the conditioned stimulus is a previously neutral stimulus which gradually comes to cause a conditioned response after being associated with the unconditioned stimulus.
Classical conditioning is a type of learning in which a conditioned stimulus is combined with an unrelated unconditioned stimulus to elicit a behavioral response known as a conditioned response. A response occurs with more regularity in a well-specified, stable environment. One of the key components of conditioning is a conditioned environment.
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two advantages of wet season
Answer:
it helps plants to grow
it provides animal in the Savannah with water.
What are the long term effects of colonization?
Answer: Colonisation has many long term effects.
Explanation:
1 ) Years of oppression within native minority groups and the ignorant dismissal of their experiences.
2) The lack of acknowledgement to the Indigenous people of the land and their rights.
3) The prejudice and stereotypes towards minorities
4) The generational trauma that will be experienced through a loss of culture, language and community.
How are the rules for the kitchen and playing outside the same?
Explanation:
gotta make a mess to clean a mess
An increase in taxes placed on the business makes the Supply Curve
shift to the _____
O left
Oright.
An increase in taxes placed on the business makes the Supply Curve shift to the left side. Thus, option first is correct.
What is supply curve?The Supply Curve refers to the curve of the supply with respect to the quantity and price of the commodity. It is the graphical representation about the availability of the product in the market.
When the taxes increase, the supply curve shifts to the left, showing the unfavorable conditions in which the producer shrinks the supply in order to exempt the taxes or reduce the tax liability.
Therefore, it can be concluded that option first is correct.
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The Ryan family has decided to take a road trip and rent a home in the mountains of
North Carolina rather than fly to Rome, Italy, and stay in a five-star luxury hotel. The
factor that most likely influences their choice of destination is
A) things to do
B) climate
C) reviews
D) cost
Answer:
the answer would be c.
Explanation:
one leader who controls the three branches of government and the military is
In the United States, a leader who controls the three branches of government and the military is the President. The three branches of government are legislative, executive, and judicial.
PLS HELP ME
URBST 101 HW #1-
In the article "Meritocracy: The Great Delusion That Ingrains Inequality" Jo Littler offers an important critique of meritocracy. Answer the following 2 two questions briefly, in NOT MORE than a couple of sentences each.
What is the concept of meritocracy, according to Jo Littler?
Considering the article on Jeff Bezos, how does Amazon undermine meritocracy?
Answer:
what?
Explanation:
make the question make sense next time.
A family from France visits Abu Dhabi on holiday.Is this an import or an export
Import
Explanation:An import is something being sent into a country, an export is something being sent out of it.
When analyzing a photograph you should use a list of questions from your notes titled how to analyze a
Introspection and self-analysis are necessary to learn how to analyze a photograph. Whether the image was captured by you or another photographer. The evolution of any photographer must include image analysis. The photographic analysis makes it possible for you to identify any faults you might be making. Your work ultimately improves as a result of this realization.
How to analyze a photograph
Step 1: Locate an image for analysis
Identify any reputable advertising picture (stock photos, advertisement images, documentary stock, etc.). I selected the picture you see above from the Unsplash website. Remember the main search phrase you used to locate your image since it will be important when you analyze a photograph it later.
Step Two: Examine Your Image
Start by listing the important words that come to mind as you look at the picture. What do you believe the analyze a photograph aims to convey? The primary search term or tags that you would have used to find your image can also be extracted from this section.
Step 3: People Analysis
The various facets of the analyze a photograph can shed light on the sources of the main concepts in the phase before. These elements may include examining the scene, the characters, the actions, the viewpoints, and the things shown.
Step 4: Reviewing the Situation
The location of the activities is important in influencing the meanings that can be inferred from the analyze a photograph. Spaces are connected to anticipated affordances that are based on cultural and societal assumptions of what can be done there.
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Bill of Rights was added to the U.S. Constitution primarily to-
what is the difference between history and prehistory?
Answer:
History is the time period when people started to record or write about what events happened. Prehistory is the time period before people started recording and writing about events that happened.
outline how value and beliefs could
Have on effect on helping relationship
A culture uses its values as a guide to determine what is right and moral in a society. Deeply ingrained values are essential for passing down and educating a culture's views.
The principles or convictions that people regard to be true are known as beliefs. People in a society share common values in addition to their individual ideas. Both value and beliefs have a profound effect on helping relationship.
Their views and social values play a role in how each individual behaves and what they anticipate of the partnership. Since values and social standards are expected to vary over time, it is natural for people's views and behaviors to do the same. This allows the socializing process to evolve over time.
Nevertheless, despite our best efforts, our values and beliefs might have a detrimental impact on our relationship. For instance, when a client discloses something that has happened to them, we might be unable to contain our shock or disgust. The client can feel criticized and abandoned as a result, which can rapidly ruin the relationship.
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How does the Bill of rights protects the citizens against poverty
Answer:
By giving them the treatment they actually need
given what you know about racial wealth inequality, what perspective has the best policy to help alleviate wealth inequality, and why?
One important result is that big and/or progressive tax and transfer systems, anti-discrimination and educational initiatives, and well-designed labour market institutions can all help to lessen income inequality.
The unequal distribution of income among a population is known as income inequality. Income disparity is higher the less evenly distributed the income is. Wealth inequality, or the unequal distribution of wealth, frequently coexists with income inequality.
Strengthening collective bargaining rights, full employment plans, living wage policies, tougher minimum wage laws, and wage subsidies are just a few of the employment-related policies available.
Through the tax and welfare systems, governments can take action to encourage equity, combat poverty, and reduce inequality. This entails implementing a progressive tax and benefit system that redistributes social benefits to people with lower earnings while collecting proportionately more tax from higher income earners.
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why do you think our national movement supported the idea that all adults have a right to vote ??
Answer: for fairness and equality
Explanation: it supported fairness and equality. it allowed everyone to share their point of view. (and kids arent politically responsible) (they cant go to jury duty
2. What was the new development in society that allowed humans to stop their Hunter and Gathering lifestyle?
A- The use of domesticated animals to make the work easier.
B- The use of chemicals to allow crops to grow easier.
C- Learning how to raise barley and wheat.
D- The development of new agricultural technology.
Answer:
The correct answer of this is Option A that is "the use of domesticated animals to make the work easier".
Explanation:
Due to climate change animals got extinct.Then people move to area where climate is mild and domestication is favourable due to available of feed and fodder.Change in tool culture people shift to Domestication.Thus the new development is "The use of domesticated animals to make the work easier".
.A machine learning system focused on classifying email as spam or legitimate uses _________ in its work.
A machine learning system focused on classifying emails as spam or legitimate uses algorithms in its work.
Machine learning is a subfield of artificial intelligence, which is generally characterized as a machine's capacity to replicate intelligent human behavior. Systems using artificial intelligence (AI) are used to complete difficult jobs in a way that is similar to how individuals solve problems.
Machine learning is one approach to employing AI. In the 1950s, Arthur Samuel, a pioneer of artificial intelligence, first described it as "the branch of study that offers computers the power to learn without explicitly being programmed."
Machine learning is based on data, whether it be numerical, visual, or textual. Data examples include time series data from sensors, financial transactions, photographs of people or even particularly baked goods, repair records and sales statistics. Data that has been gathered and prepared for use as training data will be used to train a machine learning model. With more data, the application operates more effectively.
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Explain how the printing press impacted how people communicated.
What are three differences between free enterprise and socialism
Socialism is based on economic and political theories that believes that production and distribution of goods and services are the sole responsibility of the people. The proponents of this theory does not believe in privately owned property, it should be owned by the community.
A free enterprise system whereby the economy is controlled and subject to three forces of demand and supply. The role of the government in a free enterprise system is basically regulatory in nature. Free enterprise is an economic system where individuals own most or all of the resources, and socialism is the government's control and own many of the resources.
socialism is based on government planning and limitations on private control of resources. Things that are free are unconstrained, and a business is an enterprise. So, free enterprise refers to an economy where businesses are free from government control.
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. List 4 values that a person can learn from participating in a community project and explain the impact that the values can have on one's life as a responsible citizen
4 values that a person can learn from participating in a community project Growth, respect, friendship, knowledge.
Responsible conduct, attitudes, and democratic principles are valued and demonstrated by good citizens. Knowledge of a society's major social, political, and legal institutions, the ability to engage in those organizations, and an understanding of the responsibilities of citizenship are all necessary for good citizenship. It necessitates engagement in civic affairs, whether formally, by running for office or casting a ballot in elections for public officials, or informally, by working both individually and collectively to fortify, include, and preserve communities.
Some claim that the virtue of the little—the power of the small—is the most potent force in the world and that only small acts of kindness can transform the world for the better.
the difficulties of a huge community as a whole: the people with similar interests living in a specific location. b: a community of retired people, a monastic community, or a collection of people who share a trait or interest and live together in a broader society.
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" Nepal is the country of religious tolerance ". Justify.
Explanation:
" Nepal is the country of religious tolerance ". Religious tolerance means no discrimination in the name of any religion. In Nepal, people are living in social harmony, cooperation and coordination helping each other without discriminating any people based on religion. Nepal is secular country. In Nepal, all religions get equal respect. None people are fighting in the name of religion. It is the record of Nepalese people. Soo, without any discrimination in our country Nepal, It is the country of religious tolerance.