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2 years ago

Real data vs nominal data what is the difference

Business

1 answer:

Vladimir [108]2 years ago

8 0

Answer:

In economics, nominal data are values expressed in monetary terms for a given year whiles real data are values that have been adjusted for price level changes.

Explanation:

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Which type of marketing intermediary are sales representatives of manufacturers and wholesalers?

Len [333]

Answer:

C. Agents

Explanation:

They are sales representatives for manufacturers or wholesalers and usually are hired on a commission basis.

6 0

1 year ago

The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this

mylen [45]

Answer:

A) The price of a donut is $2.00 in 2009.

B) Rina's wage is $14.00 per hour in 2009.

Explanation:

The nominal value of a variable is its monetary amount, in this case, in dollars which is susceptible to currency fluctuations and inflation. Therefore, statements A and B present the nominal value of a variable.

When valuing a variable as an exchange for another good, that is assigning a real value to that variable since monetary changes won't affect the relationship between two goods.

The answers are A) and B)

7 0

2 years ago

Wei is an analyst for an insurance company. The firm uses her data to make all of its business predictions. Wei is asking for a

Ostrovityanka [42]

Answer:

Expert power

Explanation:

Expert power refers to the ability someone has to influence other people because this person has a lot of knowledge or specialized skills that others don't have. According to this, the answer is that Wei has expert power because the company uses the data she provides as an analyst to make all the business predictions which means that her power comes from the knowledge and skills she posses.

5 0

2 years ago

Monica received an inheritance of $70,000. She invested part at 11% and deposited the remainder in tax-free bonds at 10%. Her to

erica [24]

Answer:

The correct answer is $50,000.

Explanation:

According to the scenario, the given data are as follows:

Amount = $70,000

Invested at rate = 11%

Tax free investment = 10%

Total income from investments = $7,500

So , we can calculate the invested at 11% by using following formula:

Let the amount invested at 11% = X

So,

= 11% × X + (70,000 - X) × 10% = $7,500

= 0.11 × X + (70,000 - X) × 0.1 = $7,500

= 0.11X + 7,000 - 0.1X = $7,500

= 0.11X -0.1X = $7,500 - $7,000

= 0.01X = $500

X = $500 / 0.01

= $50,000

Hence, the amount invested at 11% is $50,000.

5 0

2 years ago

Darryl would like to work as an accountant full time. A full-time position is not available, however, so he must accept a part-t

ivolga24 [154]

Answer: Employed.

Explanation:

Daryl is employed, because he has a job, where he works 15 hours a week. The job although it is not a full-time job still is a form of employment, where Daryl works and is paid.

5 0

2 years ago