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Why economy's income must equal its expenditures?
hy do economists use resl GDP rather than nominal GDP to gauge economic well-being?
Why do economists use real GDP rather than nominal GDP to gauge economic well being?
Real GDP calculations have been adjusted to factor in inflation. Nominal GDP calculations are not adjusted. It is harder to make valid comparisons across time if you don't adjust for price level differences.
Why do economics measure the gross domestic product?
Economists use real GDP per capita rather than simply real GDP. This is because population growth is an important variable (per capita), and so, real GDP per capita is the more accurate measurement of the GDP.
Can the nominal interest rate ever be negative?
No, nominal interest can never be a negative rate. If such an event occurred it would involve customers paying the banking, at which point it would be referred to as a fee rather than interest.
How did Keynes change the focus from microeconomics to macroeconomics?
It is not that Keynes directly the amount of attention given to microeconomics, rather his work and modelling was about macroeconomic matters, and since these are more profound, it was natural for many economists to concentrate on these issues.
Why economy's income must equal its expenditures?
hy do economists use resl GDP rather than nominal GDP to gauge economic well-being?
Why do economists use real GDP rather than nominal GDP to gauge economic well being?
Real GDP calculations have been adjusted to factor in inflation. Nominal GDP calculations are not adjusted. It is harder to make valid comparisons across time if you don't adjust for price level differences.
What can measure how fast the population of a country can grow without engendering its declining living standards?
The population growth rate can measure how fast the population of a country can grow without engendering its declining living standards. Here we want to know the balance between growth rates in population compared to growth rates in economic output. By answering the question with the same wording as question gives us a rather "too late now" result. Here we'll most often find a disagreement among economists on how to avoid a decline before it happens.
Why do economics measure the gross domestic product?
Economists use real GDP per capita rather than simply real GDP. This is because population growth is an important variable (per capita), and so, real GDP per capita is the more accurate measurement of the GDP.
Is Prepaid expenses considered a nominal account?
Yes, prepaid expenses should be a nominal account. Prepaid expenses are not assigned to a particular organization, but rather a category.
Can the nominal interest rate ever be negative?
No, nominal interest can never be a negative rate. If such an event occurred it would involve customers paying the banking, at which point it would be referred to as a fee rather than interest.
How could the procedures in this experiment be altered to measure bacteriostatic effects?
A bacteriostatic test chemical could be used.
Why does Schindler originally want to hire Jews rather than poles to work in his factory?
he does not have to pay them. (although he does have to pay a nominal fee to the SS for them)
Can you measure Temperature?
Yes, I can, but rather approximately.
Is energy a nutrient?
No, energy is not a nutrient but rather a measure of the ability to do work. Nutrients are substances that provide nourishment and are essential for growth, maintenance, and repair of the body. Energy is derived from nutrients like carbohydrates, fats, and proteins.
What do you measure weight?
Newton, or (rather incorrectly) the kilogram.
How could the procedures used in this experiment be altered to measure bacteristatic effects?
To measure bacteriostatic effects, the experiment could be altered by using lower concentrations of the antibiotic to inhibit bacterial growth without killing the bacteria. This could involve adjusting the dosage or exposure time of the antibiotic to determine the level at which bacterial growth is only slowed down rather than completely stopped. Additionally, examining bacterial growth over a longer period of time to observe any increase in growth after the antibiotic has been removed would help determine the bacteriostatic effects of the treatment.
