The correct answer for this question is this one:
The correlation between money supply and economic growth is directly related because the as the number of money of supply increases, the significance to that with the economic growth is that there is progress. Hope this helps
Answer:
The market value of all final goods and services produced by resources owned by citizens of a particular country in a given year gross GDP
GDP adjusted to base year prices <em>real GDP</em>
GDP divided by population GDP per capita
GDP adjusted for differences in the cost of living in different countries
<em>GDP power purchase parity</em>
the market value of all final goods and services produced by resources located in a particular country in a given year <em>gross national product GNP</em>
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Explanation:
We are mathcing the definition with the term so it is self-explanatory
a high school teacher,an assembly line worker,a plumber,a police woman
Answer:
$140
Explanation:
The computation of the real GDP is shown below:
For computing the real GDP first we have to determine the inflation rate
Inflation rate formula is
= (Current year price - base year price) ÷ (Base year price)
For Product X
= ($2 - $1) ÷ (1) = 1
For Product Y
= ($3 - $2) ÷ (2) = 0.5
For Product Z
= ($4 - $3) ÷ (3) = 0.33
Now the real GDP is
= (Base year price of X)÷ (Inflation rate) + (Base year price of Y)÷ (Inflation rate) + (Base year price of Z)÷ (Inflation rate)
= (10) ÷ (1) + (20) ÷ (0.5) + (30) ÷ (0.3333)
= 10 + 40 + 90
= $140
