According to This Principle, in Order to Treat People Differently

question 18

True/False

According to this principle, in order to treat people differently in ways that deny them significant social benefits one need only show that there are real differences between them.

Differentiate between nominal GDP and real GDP and understand the implications of changes in each.

Comprehend the significance of the GDP deflator and inflation in the economic context.

Identify and explain the major components of national income.

Recognize the role of investments, government spending, and net exports in the economy.