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Practical Economics notes
G D H Cole - ISBN: 9781136885372
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View all 3 revision notes of Practical Economics, written by G D H Cole. All Practical Economics notes, summaries, flashcards and study guides are written by fellow students or tutors. Get yourself a Practical Economics summary or other study material that matches your study style perfectly, and studying will be a breeze.
Best selling Practical Economics notes
Real vs Nominal GDP 
 
 
Macro Topic 2.6 
Real v. Nominal GDP 
Part 1: Check Your Understanding- Answer the questions. 
1. If your nominal wage increases by 25%, will you definitely have a 25% increase in purchasing power? Why or why not? 
2. If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay the same? Explain. 
3. If nominal GDP increased by 20% and inflation increased by 10%, did the real GDP increase, decrease, or...
- Exam (elaborations)
- • 3 pages •
Real vs Nominal GDP 
 
 
Macro Topic 2.6 
Real v. Nominal GDP 
Part 1: Check Your Understanding- Answer the questions. 
1. If your nominal wage increases by 25%, will you definitely have a 25% increase in purchasing power? Why or why not? 
2. If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay the same? Explain. 
3. If nominal GDP increased by 20% and inflation increased by 10%, did the real GDP increase, decrease, or...
1. Methylergonovine is prescribed for a woman to treat postpartum hemorrhage. Before administration of methylergonovine, what is the priority assessment? 
1. Uterine tone 
2. Blood pressure 
3. Amount of lochia 
4. Deep tendon reflexes 
Explanation ----- 
2. Blood pressure 
Rationale: methylergobovine, and I go alkaloid comma is used to prevent or control postpartum hemorrhage by contracting the uterus. Methylergonovine causes continuous uterine contraction and may elevate the blood pressure. A ...
- Other
- • 3 pages •
1. Methylergonovine is prescribed for a woman to treat postpartum hemorrhage. Before administration of methylergonovine, what is the priority assessment? 
1. Uterine tone 
2. Blood pressure 
3. Amount of lochia 
4. Deep tendon reflexes 
Explanation ----- 
2. Blood pressure 
Rationale: methylergobovine, and I go alkaloid comma is used to prevent or control postpartum hemorrhage by contracting the uterus. Methylergonovine causes continuous uterine contraction and may elevate the blood pressure. A ...
Exam (elaborations) Exam (elaborations) ACCT 212 (ECON210) Practical Economics, ISBN: 5372 ACCT 212 (ECON210) Practical Economics, ISBN: 5372 
 
Solution 4 
More fuel-efficient cars means there is less need for gasoline. This causes a leftward shift in the demand for 
gasoline and thus oil. Since the demand curve is shifting down the supply curve, the equilibrium price and
- Exam (elaborations)
- • 5 pages •
Exam (elaborations) Exam (elaborations) ACCT 212 (ECON210) Practical Economics, ISBN: 5372 ACCT 212 (ECON210) Practical Economics, ISBN: 5372 
 
Solution 4 
More fuel-efficient cars means there is less need for gasoline. This causes a leftward shift in the demand for 
gasoline and thus oil. Since the demand curve is shifting down the supply curve, the equilibrium price and
Do you have documents that match this book? Sell them and earn money with your knowledge!
Newest Practical Economics summaries
Real vs Nominal GDP 
 
 
Macro Topic 2.6 
Real v. Nominal GDP 
Part 1: Check Your Understanding- Answer the questions. 
1. If your nominal wage increases by 25%, will you definitely have a 25% increase in purchasing power? Why or why not? 
2. If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay the same? Explain. 
3. If nominal GDP increased by 20% and inflation increased by 10%, did the real GDP increase, decrease, or...
- Exam (elaborations)
- • 3 pages •
Real vs Nominal GDP 
 
 
Macro Topic 2.6 
Real v. Nominal GDP 
Part 1: Check Your Understanding- Answer the questions. 
1. If your nominal wage increases by 25%, will you definitely have a 25% increase in purchasing power? Why or why not? 
2. If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay the same? Explain. 
3. If nominal GDP increased by 20% and inflation increased by 10%, did the real GDP increase, decrease, or...
1. Methylergonovine is prescribed for a woman to treat postpartum hemorrhage. Before administration of methylergonovine, what is the priority assessment? 
1. Uterine tone 
2. Blood pressure 
3. Amount of lochia 
4. Deep tendon reflexes 
Explanation ----- 
2. Blood pressure 
Rationale: methylergobovine, and I go alkaloid comma is used to prevent or control postpartum hemorrhage by contracting the uterus. Methylergonovine causes continuous uterine contraction and may elevate the blood pressure. A ...
- Other
- • 3 pages •
1. Methylergonovine is prescribed for a woman to treat postpartum hemorrhage. Before administration of methylergonovine, what is the priority assessment? 
1. Uterine tone 
2. Blood pressure 
3. Amount of lochia 
4. Deep tendon reflexes 
Explanation ----- 
2. Blood pressure 
Rationale: methylergobovine, and I go alkaloid comma is used to prevent or control postpartum hemorrhage by contracting the uterus. Methylergonovine causes continuous uterine contraction and may elevate the blood pressure. A ...
Exam (elaborations) Exam (elaborations) ACCT 212 (ECON210) Practical Economics, ISBN: 5372 ACCT 212 (ECON210) Practical Economics, ISBN: 5372 
 
Solution 4 
More fuel-efficient cars means there is less need for gasoline. This causes a leftward shift in the demand for 
gasoline and thus oil. Since the demand curve is shifting down the supply curve, the equilibrium price and
- Exam (elaborations)
- • 5 pages •
Exam (elaborations) Exam (elaborations) ACCT 212 (ECON210) Practical Economics, ISBN: 5372 ACCT 212 (ECON210) Practical Economics, ISBN: 5372 
 
Solution 4 
More fuel-efficient cars means there is less need for gasoline. This causes a leftward shift in the demand for 
gasoline and thus oil. Since the demand curve is shifting down the supply curve, the equilibrium price and
Do you have documents that match this book? Sell them and earn money with your knowledge!
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