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Q. It is important to remember that in a communist society difference between value of machine and value of labour-power replaced by it will always vary. This is due to numerous reasons including different countries' divisions of day's work into necessary and surplus labour and actual wages can go above or below a worker's value of his labour power. Hans: Marx is not talking about a communist society but about capitalism. Are you still thinking that Capital is a blueprint for a better society?
Determine the quantity demanded, the quantity supplied, and the magnitude
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If nominal GDP in some year is $280 and real GDP is $160. The GDP price index for that year is.
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