0
When economists use market values to aggregate output they sum the what?
Wiki User
∙ 13y ago
price times the quantity of each item produced
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
How does the nominal and real values of things affect the aggregate behavior of a society?
In economics, the nominal values of something are its money values in different years
Why don't economists agree on the same solutions to economic problems?
There are two main reasons that economists disagree when giving opinions to solve economic problems. Here are prime examples: * Economists do not come to the same conclusions when determining the validity of alternative assumptions of how the world's economy operates. With that said, their views of the sensitivity and impact of household savings to the resulting changes in the after tax return to saving; and * Economists work from different values. ( the prime example here is how an economist in the former USSR had different values than one in the United States) The two economists have different views about what policy should try to accomplish. So, they can have a fundamental differences of whether taxes should be raised for the redistribution of income.
What is considered an optimal mix of output?
The optimal mix of output is known in economics as the most desirable combination of output attainable with available resources, technology, and social values.
What are two reasons why economists have a reputation for giving conflicting advice to policymakers?
Economists often give conflicting advice to policy makers for two basic reasons: 1) economists may disagree about the validity of alternative positive theories about how the world works and/or 2) economists may have different values and therefore different normative views about what policy should try to accomplish
What is the market for foreign currency exchange?
Question: What is the foreign currency exchange market?Ans:The main currency exchange market is Forex/FX. The market covers all the accepts of selling and buying currencies on the existing values. In terms of volume it is the largest currency market of the world.
What is a mapping or pairing of input values with output values?
A relation is a mapping or pairing of input values with output values.
What is an aggregate in math terms?
It is the sum of a set of values.
What is the collection of all output values?
Collection of all output values is called the range.
The set of output values of a function or relation?
The set of output values of a function or relation is the range
How does the nominal and real values of things affect the aggregate behavior of a society?
In economics, the nominal values of something are its money values in different years
What is the set of all possible output values of a function or relation?
The Range is the set of all possible output values of a function or relation.
Collection of all output values?
range
A collection of all output values?
the range
What is The relation is the set of output values for the relation?
A relation doesn't have an "output value", in the sense that a function does. A set of values is either part of the relation, or it isn't.
What term describes the set of all possibles output values for a function?
The correct answer for this question is RANGE (APEX) hope this helps someone! :))
What is a collection of all output values?
I eat dirk
The set of all output values is called?
Range
