How does the nominal and real values of things affect the aggregate behavior of a society?

1 Answer

Answer :

In Economics, the nominal values of something are its moneyvalues in different years

Related questions

Description : Neoclassical economics concerns itself with the determination of various prices. In the branch of Microeconomics, economists are concerned with _________, while in Macroeconomics they consider _________ (a) Price ... prices: the aggregate price level ; (d) Costs to consumers: costs to producer

Last Answer : (c) Individual product prices: the aggregate price level ; 

Description : If the engineer-in-charge approves, the 10 cm cubes may be used for the work test of concrete provided maximum nominal size of aggregate, does not exceed (A) 10 cm (B) 15 cm (C) 20 cm (D) 25 cm

Last Answer : Answer: Option C

Description : How much and in what ways should the high school behavior (including crimes) of a middle aged or elderly person still affect their present employment or treatment in society?

Last Answer : answer:Great question. You're right about Romney. I don't care that he was a gay-beating asshole when he was in high school, as long as he was for civil rights today. He isn't. So things haven ... the news article, but exactly how did Wells Fargo find out that the woman had been arrested as a teen?

Description : Decision trees are appropriate for the problems where ___________ a) Attributes are both numeric and nominal b) Target function takes on a discrete number of values. c) Data may have errors d) All of the mentioned

Last Answer : d) All of the mentioned

Description : Decision trees are appropriate for the problems where: a) Attributes are both numeric and nominal b) Target function takes on a discrete number of values. c) Data may have errors d) All of the mentioned

Last Answer : d) All of the mentioned

Description : If happiness can be (according to some ways of thinking) independent of all things, and internal. If one attains it, how would it affect his or her behavior in the world?

Last Answer : see As A Man Thinketh

Description : Would a wage increase affect aggregate demand or supply?

Last Answer : I don’t know much about economics, but the third option is that the effects might cancel out, meaning no change.

Description : A nominal leader with no real power -Do You Know?

Last Answer : answer:

Description : The Indian parliamentary system is different from the British Parliamentary system in that India has? (1) Both a real and a nominal executive (2) A system of collective responsibility (3) Bicameral legislature (4) The system of judicial review

Last Answer : (4) The system of judicial review Explanation: The law that the British Parliament enacts, cannot be brought to the Judiciary for its review unlike the Indian Parliament, wherein the legislation that ... in case the courts declare it to be violating the basic structure of the Indian Constitution.

Description : The English Crown is an example of – (1) Real executive (2) Quasi-real executive (3) Nominal executive (4) Nominated executive

Last Answer : (3) Nominal executive Explanation: Real Executive exercises the powers that belong to him. He is responsible for the exercise of these powers. May be he takes the assistance of ... Prime Ministers under the British and Indian system of administration offer the example of Real Executives.

Description : Real rate of return is equal to:  A. Nominal Rate × Inflation Rate,  B.Nominal Rate ÷ Inflation Rate,  C. Nominal Rate - Inflation Rate,  D. Nominal Rate + Inflation Rate

Last Answer : B.Nominal Rate ÷ Inflation Rate,

Description : If the nominal interest rate is 5% and the inflation rate is 2%, the real interest rate is: a. 2% b. 3% c. 5% d. 7% e. 2 ½%

Last Answer : b. 3%

Description : When the exchange rate is determined by the market forces of demand and supply, it is known as : a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) Floating exchange rate

Last Answer : d) Floating exchange rate

Description : When the exchange rate is determined by the market forces of demand and supply, it is known as : a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) Floating exchange rate

Last Answer : a) Real exchange rate

Description : Which among the following is taken as the real measure of a country's international competitiveness? a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above

Last Answer : a) Real exchange rate

Description : The ratio of foreign rates to domestic rates measured in the 'same' currency is known as: a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above

Last Answer : a) Real exchange rate

Description : Exchange rates for one currency against another currency, are known as: a) Real exchange rate b) Nominal exchange rate c) Superfluous exchange rate d) None of the above

Last Answer : b) Nominal exchange rate

Description : What is the correct formula for GDP Deflater? a) Nominal GDP - (minus) Real GDP b) Nominal GDP + Real GDP c) Nominal GDP/ Real GDP d) Real GDP/ Nominal GDP

Last Answer : c) Nominal GDP/ Real GDP

Description : The rule debit all expenses and losses and credit all income and gains relates to A] Personal account B] Real account C] Nominal accounts D] All

Last Answer : C] Nominal accounts

Description : The principle ―Debit the receiver and credit the giver‖ is related to_____ a) Personal a/c b) Real a/c c) Nominal a/c d) None

Last Answer : a) Personal a/c

Description : Cash A/c is a ________ A/c. a) Personal b) Real c) Nominal d) None

Last Answer : b) Real

Description : Capital A/c is a _______ A/c. a) Personal b) Real c) Nominal d) None

Last Answer : a) Personal

Description : Cash a/c is a ______ a) Real a/c b) Nominal c) Personal d) None

Last Answer : a) Real a/c

Description : Debit the receiver & credit the giver is _____ account a) Personal b) Real c) Nominal d) All the above

Last Answer : a) Personal

Description : Which of the following is wrong? (a) All real and personal accounts are transferred to balance sheet (b) Nominal accounts are transferred to P &L account (c) Each account is opened separately in ledger (d) Rent is a personal account, outstanding rent is nominal account

Last Answer : d) Rent is a personal account, outstanding rent is nominal accoun

Description : Share Call Account is _______________ A. Real A/c B. Personal A/c C. Nominal A/c D. Fictitious A/c

Last Answer : B. Personal A/c

Description : Share Allotment Account is _______________ A. Real A/c B. Personal A/c C. Nominal A/c D. Fictitious A/c

Last Answer : B. Personal A/c

Description : Share application Account is _______________ A. Real A/c B. Personal A/c C. Nominal A/c D. Fictitious A/c

Last Answer : B. Personal A/c

Description : Share allotment account is a ------------------. A. personal account B. Real account C. Nominal account D. Impersonal accoun

Last Answer : A. personal account

Description : During the recessionary phase of a business cycle: A. The natural rate of unemployment will increase dramatically B. Potential national income will exceed actual national income C. Actual national income ... national income D. The real rate of interest will exceed the nominal rate of interest.

Last Answer : B. Potential national income will exceed actual national income

Description : During the recessionary phase of a business cycle: A. The natural rate of unemployment will increase dramatically B. Potential national income will exceed actual national income C. Actual national income ... national income D. The real rate of interest will exceed the nominal rate of interest.

Last Answer : A. The natural rate of unemployment will increase dramatically

Description : When National Income is calculated with reference to a base year, it is called: A. Nominal National Income B. Net National Income C. Real National Income D. Gross National Income

Last Answer : C. Real National Income

Description : Given Real GDP 8.25%, Nominal GDP 11.25%, Rate of inflation will be (a) 2.5% ; (b) 3% ; (c) 4.25% ; (d) 3.5%

Last Answer : (b) 3% ;

Description : Given Real GDP of 6.5% and rate of inflation of 5.5% nominal GDP will be……. (a) 12% ; (b) 10% ; (c) 10.5% ; (d) 9.5%

Last Answer : (a) 12% ;

Description : If Nominal GDP is 11% and Real GDP is 6%, then the difference of 5% represent (a) Depreciation ; (b) Rate of inflation ; (c) Rate of interest ; (d) Tax burden

Last Answer : (b) Rate of inflation ;

Description : If in 2000 nominal GDP is = `70000 Crore and the prices in 2000 were 40% more than the real GDP in 2000 using 1996 as a base year is (a) `45,000 Crore ; (b) `50,000 Crore ; (c) `42,000 Crore ; (d) `98000 Crore

Last Answer : (b) `50,000 Crore ;

Description : During the recessionary phase of a business cycle (a) The natural rate of unemployment will increase dramatically (b) Potential national income will exceed actual national income (c) Actual national income ... national income (d) The real rate of interest will exceed the nominal rate of interest.

Last Answer : (a) The natural rate of unemployment will increase dramatically  

Description : Going from left to right on the aggregate demand curve, real GDP _____.?

Last Answer : rises as price level falls

Description : Acording to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes - (1) a fall in prices of output and resources (2) a fall in real gross National product ... a rise in real gross National product and investment (4) a rise in prices of output and resources

Last Answer : (1) a fall in prices of output and resources Explanation: In 1936, John Maynard Keynes published the book "The General Theory of Employment, Interest and Money to explain the prolonged and ... at a below-full-employment equilibrium. Suppose that the economy is at the full-employment equilibrium.

Description : According to Keynesian theory of income determination, at full employment, a fall in aggregate demand causes (1) a fall in prices of output and resources (2) a fall in real gross National product and ... rise in real gross National product and investment (4) a rise in prices of output and resources

Last Answer :  a fall in prices of output and resources

Description : Which of the following statements defines culture? a) The learned patterns of behavior, beliefs, and values that can be attributed to a particular group of people. Included among ... . The classification of a group based upon certain distinctive characteristics describes the term ethnicity.

Last Answer : a) The learned patterns of behavior, beliefs, and values that can be attributed to a particular group of people. Included among characteristics that distinguish cultural groups are manner of dress, values, artifacts, and health beliefs and practices.

Description : Our modern day schools are oriented towards the development on the parts of students of (a) Personnel adequacy and independence (b) Socially acceptable behavior (c) a sound system of ethical values (d) Adequate behavior

Last Answer : (d) Adequate behavior

Description : A set of reasons for engaging in a particular behavior, especially human behavior is known as: A. Values B. Vision C. Entrepreneurship D. Motivation

Last Answer : D. Motivation

Description : Which of the following reasons accounts for utilitarianism's dominance among policy makers and administrators? A. It seems obvious that policy questions should be judged by results and consequences. B. Policy experts ... collective or aggregate good. E. All of the above. F. None of the above.

Last Answer : E. All of the above.

Description : Which of the following reasons accounts for utilitarianism's dominance among policy makers and administrators? A. It seems obvious that policy questions should be judged by results and consequences. B. Policy experts ... collective or aggregate good. E. All of the above. F. None of the above.

Last Answer : E. All of the above

Description : I think we would all agree that the video I posted in the details is horrible...but would you agree that this kind of behavior is glorified in so many ways in our society today?

Last Answer : answer:I agree that most of the reactions are rather counterproductive. It reminds me of Sophie Lancaster, a goth girl who was killed by some dudes who beat the crap out of her for being a goth, and ... important part is that kids look up to us as exemplary models on how to deal with these things.

Description : Modern Society question: Do you feel that being rude, abrasive, sarcastic, or apathetic are the new norms for acceptable behavior and ettiquette?

Last Answer : There has always been rude, abrasive, sarcastic, or apathetic people. I would start with the need of a two paycheck household. A child gets better direction when a parent is home to guide them.

Description : All of the following statements regarding a teacher are correct except that he is/he (a) a friend, guide and philosopher (b) Teaches what the students do not know (c) The leader of the class (d) Changes his attitudes and behavior according to the need of the society

Last Answer : b) Teaches what the students do not know