Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

Download Solution

Related Solution

Discussion Post 3_16...
Outline the positive and negative consequences that have resulted from each of the U.S. value orientations. In your post, share positive and negative consequences for two value orientations. Be sure...

Discussion Post 3
Discussion Post 3

Outline the positive and negative consequences tha

Discussion 5_1657605...
The Emotional Appeal or Pathos aims to elicit strong emotional responses in viewers in order to persuade them to buy or act. While various other advertising appeals, such as the Fear Appeal or the Hum...

Discussion 5
Discussion 5

The Emotional Appeal or Pathos aims to elicit stro

Global Supply Chain...
Total Quality Management (TQM) can be regarded as an effort that is continuous that employees and management of a specific organization give in order for satisfaction of customer and loyalty of custom...

Global Supply Chain Management Week 4 Midterm Exam
Global Supply Chain Management Week 4 Midterm Exam

Total Quality Management (TQM) can be regarded as

Macroeconomic-201-Discussion (1)

Macroeconomic-201-Discussion

Q Discuss the difference between real GDP and nominal GDP, which is used by economists to measure economic well-being and why. Why is a large GDP a good thing? Give an example of something that would raise GDP but would be considered undesirable and explain.

View Related Questions

Solution Preview

View Complete Solution
GDP (Gross Domestic Product) is a macroeconomic indicator used to measure the economic health of a country. The GDP can be classified into two parts, real GDP and nominal GDP. The main difference between real GDP and nominal GDP is that the real GDP is adjusted with the inflation, but the nominal GDP is not. The inflation rate is the measure of the change in the price level with the changing time. In general, nominal GDP has a higher value than the real GDP due to the inclusion of the inflation rate.