Part D When comparing GDP from one year to another, you need to adjust each year’s GDP for any inflation that occurs during that year. To do this, you need to find real GDP. To find real GDP, or the value of GDP that takes into account any price changes in the period, use this formula:

You found the nominal GDP for two years in part c, but you will need to find the value of the deflators before you can use the formula. Price deflators neutralize any inflation that happened that year. Using this table of price deflator data, find the price deflators for gross domestic product (line 1) for the fourth quarter (IV) in the years you used in part c and record them in the table.

year. Deflator Value
price deflator for the most recent year ?
price deflator for the year prior ?

this is a pretty broad question and can be a pretty lengthy answer. since 1900, women have gained a lot more rights and have become active in the workforce. with women being in the workforce, men play a larger role in family life. many family tasks are shared between men and women, whereas, women used to be the sole family caretakers.

that should get you started at least.

changes in factors like average income and preferences can cause an entire demand curve to shift right or left. this causes a higher or lower quantity to be demanded at a given price. demand curves relate the prices and quantities demanded assuming no other factors change. it is important for consumers to know this information, because it is crucial for them to know what they can afford and can't afford. i hope this .