Describe the difference between real gdp and nominal gdp.​

Explanation:

The main difference between nominal GDP and real GDP is the adjustment for inflation. Since nominal GDP is calculated using current prices, it does not require any adjustments for inflation.

Difference between Real GDP and Nominal GDP is the adjustment for inflation.

the influence of daoism, buddhism, and legalism on chinese culture. unlike confucianism, daoism looked to nature rather than human beings as the source of morality. according to laozi, human society has to conform to the dao (the way), or the essential unifying element of all that is. some interpret dao as nature.

states

explanation:

as the old saying goes, all politics are local. state and federal governments affect our daily lives in numerous ways. yet, in our federal system, there is supposed to be a balance between federal and state power. as james madison envisioned it in federalist no. 51, “the power surrendered by the people” would be “divided between two distinct governments,” creating a balance of power that would enable the “different governments [to] control each other.”