Nominal gdp to gauge economic well-being

Assignment Help Business Management
Reference no: EM131206850

1. Why do economists use real GDP rather than nominal GDP to gauge economic well-being? Define the GDP deflator.

2. What is the CPI? Which do you think has a greater effect on the consumer price index: a 10 percent increase in the price of chicken, or a 10 percent increase in the price of caviar? Why?

3. Describe the three factors that make the consumer price index an imperfect measure of the cost of living. Then explain how the GDP deflator differs from the CPI.

4. List and describe the determinants of productivity.

5. Explain how a higher savings rate can lead to a higher standard of living. What might deter a policymaker from trying to raise the rate of saving?

Reference no: EM131206850

Questions Cloud

Recognizing employee contributions : You are the HR manager of a relatively new retail company that has both retail stores and Internet sales.  Your company is steadily growing in revenue and profitability. The company realizes that in order to retain the solid, highly productive wor..
Short paper-reduction of inventory : Inventory can be reduced by (a) reducing order quantity, (b) adopting a centralized distribution system, (c) using common parts for different products, and (d) reducing lead time.
Find the period t and determine the positive amplitude : Find the period T.-  How many cycles are shown? -  What is the frequency? - Determine the positive amplitude and peak-to-peak value.
Find its maximum gain : Given a circular aperture transmit antenna with efficiency of 0.7 operating at 10 GHz and having a diameter of 1.5 m. Find its maximum gain.
Nominal gdp to gauge economic well-being : 1. Why do economists use real GDP rather than nominal GDP to gauge economic well-being? Define the GDP deflator. 2. What is the CPI? Which do you think has a greater effect on the consumer price index: a 10 percent increase in the price of chicken,..
Conclusion for five kingdom classification : Conclusion for five kingdom classification merits and demerits.
Which ways the self-fulfilling prophecy occurred in the film : In which ways the process of perception (selection, organization, and interpretation) builds up the storyline between the LAPD officer John Ryan and his partner, and TV Director Cameron Thayer and his wife Christine?
Complete substantitive sentences : Remember to respond to at least two of your peers' postings. Initial discussion questions should contain a minimum of 150-words. Follow-up peer responses should contain a minimum of three complete substantitive sentences. Please check spelling, g..
Design an mcm system that has a symbol period : If an inverse FFT is to be used to implement this as an OFDM system, what size inverse FFT is necessary assuming that the FFT size is to be an integer power of 2?

Reviews

Write a Review

Business Management Questions & Answers

  What is the full meaning of url

1. What is the full meaning of URL? 2. What is a computer program? 3.What is the full meaning of CRT? 4. Name any three web security exploits?

  Calculate the mean drying time

The drying rate in an industrial process is dependent on many factors and varies according to the given distribution.

  Professionalism in the workplace power wordspower words are

professionalism in the workplace power wordspower words are action verbs that describe your accomplishments in a lively

  What effect do mental models have on decision-making process

What effect do mental models have on the decision-making process? Employees should NOT make the decision alone (without the manager's involvement) when.

  Gift of the goose1 the gift of the goose is about

gift of the goose1. the gift of the goose is about enthusiasm?congratulating and acknowledging individuals for their

  Millions of people around the world

Since Google was founded in 1998, we've grown to serve millions of people around the world".

  What is the critical path for this project

Illustrate what is the critical path for this project and Explain how long is it? Illustrate what is the shortest possible time it will take to complete this project?

  Compare as well as contrast quality management

Compare as well as contrast quality management at Southwest Airlines and Lufthansa. Define a process that is similar between the two and describe the process.

  Explain what are good defenses from the standpoint

Explain What are good defenses from the standpoint of the power company and What are the requirements for a plaintiff to prove negligence against a defendant?

  Overcome barriers to entry into competitive industries

what were the barriers that you listed as entry barriers into those industries and what are some ways that companies that companies can overcome or alleviate these barriers?

  Training for diversity

When companies provide additional training for their employees, it shows them that the company is invested in them, which is a great motivational tool.

  Bridging the digital dividefind case study bridging the

bridging the digital dividefind case study bridging the digital divide.1. why does the digital divide matter to

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd