You are hired as an economist to find out if the gross domestic product (gdp) in 2011 was more than the gdp in 2010. in 1 or 2 sentences, explain which measurement you would use: nominal gdp or real gdp.

What will most likely happen if tony continues to make late payments? check all that apply. the bank might take his car. the bank will charge late fees. his credit history might be damaged. he might be charged a down payment. he might have to add an asset to the loan.

What effect did the enclosure acts have on people’s working lives? a. changes brought about by the acts prevented large farmers from taking lands from smaller farmers. b. small farmers could no longer work on common lands and had to move to cities for work. c. peasants started working on enclosed lands and soon became wealthy because of higher wages. d. landowners forced peasants to build roads and bridges as part of the new enclosure laws.

Identify and describe the purposes of taxation.