What is the difference between GDP at current prices and GDP at constant prices? How is it calculated? (Eco Q)
Tuesday, March 18th, 2008GDP = Gross Domestic Product. Its for my economics at school and i cant find it in the textbook. Thanks.
NIA
Big thanks to Yahoo Answers for their involvement in the awareness of better environmental standards. For those interested in how the bags look, visit www.ecobags.com
So the question is, if you got one, how likely are you to buy other eco products as well, for example buying a few of the recycled totes to carry your groceries home instead of plastic bags, or a company doing private label to hand out during events, special promotions, etc.
I think its a great step towards recycled, reusable products that can also be economical in the longrun. What do you think?
SEMIR
It seems a bit crazy, but would Milton fluid work, or how about Squirt-Eco?
ORIOLE
We can’t use hydro power (Even though there is no waste product at all and the locations we build them at are locations that already have irrigation)
We should all drive hybrids (Even though a motorcycle or mass transit is much cleaner)
We should all recycle (Even though the majority of all products recycled creates more CO2 and consumes more energy then making it from scratch and modern landfills and perfectly fine within a couple years to build on)
That all our power should be 100% clean in ten years (Even though that is financially ludicrous. And the enormity of all the solar panels and windmills it would take would be near impossible)
Or that humans are causing global warming (Despite that 30 years ago it was the second ice age. That we only contribute 4% of all “green house gasses”, well behind volcanoes, forest fires, and plant decay. And only if you ignore the fact that the sun’s rays have been the only conclusive link in climate change)
Seriously though, screw these people and all of my money they are consuming.
Am I wrong?
ORIEL
12: The United States is often described as a “command” economy.
True
False
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13: When products become more expensive over time, deflation is occurring.
True
False
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14: Profit is also known as net income.
True
False
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15: A currency board is a monetary authority which is required to maintain an exchange rate with a foreign currency.
True
False
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16: Wholesale is the purchase of individual items at a higher price, whereas retail is the purchase of large quantities of goods at a lower price.
True
False
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17: The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold.
True
False
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18: Monetary policy is the economic term which describes the actions of a government in setting the level of public expenditure and how that expenditure is funded. It contrasts with fiscal policy, which describes the policies about the supply of money to the economy.
True
False
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19: In 1997, the wealthiest one-fifth of American families accounted for 47.2 percent of the nation’s income.
True
False
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20: The antitrust law seeks to strengthen market forces so that direct regulation is unnecessary.
True
False
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Answer 4
OLLIE