MACROECONOMICS
posted by CHASEONE .
What is the difference between nominal amounts and real amounts? Please explain this to me.
Respond to this Question
Similar Questions

Math
I have 37 different dollar amounts. I also have an additional 2 dollar amounts. If I total the 2 dollar amounts I get the same number as if I total all 37 amounts. Is there a way to use this information to break up the 37 numbers into … 
Economics
If the velocity of circulation is constant, real GDP is growing at 3 percent a year, the real interest rate is 2 percent a year, and the nominal interest rate is 7 percent a year. a)What is the inflation rate? 
accounting
Which of the following is not one of the steps to follow when preparing a bank reconciliation statement? 
macroeconomics
Year  2000 Nominal GDP: 9,817 Real GDP: ___________ GDP Deflator: 1 Inflation 2.2 Real GDP Per capita: _________ Population 283.7 Year – 2001 Nominal GDP: ________ Real GDP: 9,891 GDP Deflator: _________ Inflation 2.4 Real GDP Per … 
macroeconomics
As an economist, you have been asked to write a letter to a meeting of international professionals to explain the differences between microeconomics and macroeconomics and to provide realworld examples. Please write a letter of 4–6 … 
statistics
the authors's generac generator produces voltage amounts with a mean of 125.0 volts and a standard deviation of 0.3 volts, and the voltages have a bellshaped distribution. using the empiral rule, what is the percentage of voltage … 
macroeconomics
27. The following data show nominal GDP and the appropriate price index for several years. Compute real GDP for each year and indicate whether you have “inflated” or “deflated” nominal GDP in finding real GDP. All GDP are in … 
math
large fresh salad = $4.43 shrimp tomato cocktail = $7.39 hot dog and fries = $13.86 vanilla cheese cake $6.97 cola $2.24 Do rough estimate to find out how much it will cost by rounding to the ones place and adding the amounts. Then … 
AP Macroeconomics
3. You buy a certificate of deposit (CD) that pays a nominal rate of 12% annually. You have a tax rate of 25%, so if the interest on this CD is taxable (which it may not be) your aftertax nominal rate is (1 ñ 25%) • 12% = 9%. Since … 
math
A, B, C and D each had some money. D doubled the amounts with the others. C then doubled the amounts with others. B then doubled the amounts with the others. A then doubled the amounts with the others. At this stage, each of them has …