Media Skills: Email (LO-4] The following email message containsnumerous errors related to what you've learned about planning andwriting business messages. SUBJECT: Compliance with new breakprocedur e Some of you may not like the rules about break times; however, we determined that keeping track of employees while they took breaks at times they determined rather than regular breaks at prescribed times was not working as well as we would have liked it to work. The new rules are not going to be an option. If you do not follow the new rules, you could be docked from your pay for hours when you turned up missing, since your direct supervisor will not be able to tell whether you were on a "break" or not and will assume that you have walked away from your job. We cannot be responsible for any errors that result from your inattentiveness to the new rules. I have already heard complaints from some of you and I hope this memo will end this issue once and for all. The decision has already been made. Starting Monday, January 1, you will all be required to take a regular 15-minute break in the morning and again in the afternoon, and a regular thirty-minute lunch at the times specified by your supervisor, NOT when you think you need a break or when you "get around to it." There will be no exceptions to this new rule! Felicia August Manager Billing and accounting2. Develop a plan for rewriting the message?

The inventory costing method where the ending inventory is valued based on the cost of the most recent purchases is Last-In, First-Out (LIFO). The correct answer is option C.

In the Last-In, First-Out (LIFO) inventory costing method, the cost of the most recent purchases is assumed to be the cost of goods sold, while the cost of older inventory is used to value the ending inventory. This means that the ending inventory is valued at the cost of the most recent purchases, as the older inventory has already been assumed to have been sold.

Therefore, the correct answer is option C.

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A. The cyclically Adjusted Budget Deficit is $160 billion

B. Cyclically Adjusted Budget Deficit as a Percentage of Potential Real GDP = 21.33%

C. The cyclically adjusted budget deficit is $160 billion, indicating an expansionary fiscal policy.

A. The budget deficit can be calculated as the difference between government expenditures (G) and tax revenues (T).

Budget Deficit = G - T

For the given values:

Budget Deficit = $190 - $130 = $60 billion

To calculate the cyclically adjusted budget deficit, we need to consider the potential real GDP (PRGDP) and the output gap (OG). The output gap is the difference between actual real GDP and potential real GDP.

Output Gap (OG) = Actual Real GDP - Potential Real GDP

In this case, the output gap is:

OG = $650 - $750 = -$100 billion (negative because actual GDP is below potential GDP)

Cyclically Adjusted Budget Deficit = Budget Deficit - (Output Gap)

Cyclically Adjusted Budget Deficit = $60 billion - (-$100 billion) = $160 billion

B. To calculate the cyclically adjusted budget deficit as a percentage of potential real GDP, we can use the following formula:

Cyclically Adjusted Budget Deficit as a Percentage of Potential Real GDP = (Cyclically Adjusted Budget Deficit / Potential Real GDP) * 100

Using the given values:

Cyclically Adjusted Budget Deficit as a Percentage of Potential Real GDP = ($160 billion / $750 billion) × 100 = 21.33%

C. Waxwania's fiscal policy can be determined based on the cyclically adjusted budget deficit.

If the cyclically adjusted budget deficit is positive, it indicates an expansionary fiscal policy. This means that the government is spending more than it is collecting in taxes, which can stimulate the economy.

In this case, the cyclically adjusted budget deficit is $160 billion, indicating an expansionary fiscal policy.

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When the unemployment rate goes down, it generally indicates that the number of unemployed workers has decreased, which is good news for the economy (option c).

This reduction in unemployment could result from more job opportunities being created, leading to people finding work and contributing to the economy's growth.

Lower unemployment rates can improve consumer confidence and stimulate increased spending, which is beneficial for businesses and overall economic health.

However, other factors may also impact the labor force and economic conditions, so it is important to consider the broader context when interpreting changes in the unemployment rate.

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When designing a business model, there are several key factors that need to be considered. These factors include the competitive environment, market strategy, and information technology strategy. However, one key factor that is not included in the list is organizational development.

Organizational development refers to the process of improving the efficiency and effectiveness of an organization through changes in structure, processes, and culture. While it is not directly related to the design of a business model, it is still an important consideration for any business.

A well-designed business model should take into account the organization's goals, resources, and capabilities. It should also be aligned with the organization's culture and values. This is where organizational development comes in, as it helps to ensure that the business model is feasible and sustainable in the long run.

In conclusion, while the competitive environment, market strategy, and information technology strategy are all important factors in designing a business model, organizational development is equally important and should not be overlooked.

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If the trawler owner is interested in maximizing the total amount of fish caught, they should choose a crew size of 6, 7, or 8.

To determine the crew size that would maximize the total amount of fish caught, we need to find the point where marginal product of labor (MPL) equals zero. This is because at this point, adding more workers will not increase the total amount of fish caught. Looking at the table, we can see that the MPL starts decreasing from 16 at crew size 7, and becomes negative at crew size 11.

Therefore, the optimal crew size would be either 6, 7, or 8, as these crew sizes have increasing or constant MPLs. However, we also need to consider the average product of labor (APL) to ensure that we are maximizing the amount of fish caught per worker.
To find the crew size that would maximize the average amount of fish caught per worker, we need to find the point where APL is at its highest. Looking at the table, we can see that the APL starts increasing from 6 at crew size 2, reaches its peak at 15.84 at crew size 6, and then starts decreasing again. Therefore, the optimal crew size would be 6 workers, as this crew size has the highest APL. This means that with a crew size of 6 workers, the trawler owner would be able to catch the most fish per worker.
In conclusion, if the trawler owner is interested in maximizing the total amount of fish caught, they should choose a crew size of 6, 7, or 8. However, if they are interested in maximizing the average amount of fish caught per worker, they should choose a crew size of 6 workers.

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In 476, the Germanic chieftain Odoacer finally organized an uprising and toppled Emperor Romulus Augustulus. As a result of the fact that no Roman emperor would ever again hold office in Italy, many people believe that the year 476 marked the Western Empire's demise.

The loss of centralized political power in the Western Roman Empire—also known as the collapse of the Roman Empire or the fall of Rome—was caused by the Empire's inability to uphold its authority over a huge area of land, which led to the division of its territory into a number of succeeding polities.

The fall of the Roman empire liberated Europe from a single power's dominance. Imperial monopolies offered peace and stability but also tended to discourage experimentation and opposition since they sought to uphold the status quo.

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According to the 49 CFR HAZMAT Table, the packing group for Black powder for small arms is Packing Group III.


According to the 49 CFR HAZMAT Table (§172.101), Black powder for small arms is classified as UN0027 and assigned to Packing Group III. Packing Group III is the lowest level of hazard and indicates that the material poses a relatively low risk during transportation. However, it is still important to handle and transport Black powder for small arms in accordance with the applicable regulations and safety procedures to ensure safe transport.

Proper Shipping Name: Black powder for small arms
UN/NA Number: UN0027
Hazard Class: 1.1D
Packing Group: II

So, the packing group for this item is Packing Group II.

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A life-only agent who sells annuity products to individual consumers in California must complete an initial 8-hour training course prior to soliciting for sales.

After completing the initial training, agents must complete 4 hours of subsequent training every 2 years prior to license renewal. The training covers topics such as annuity contract types, annuity suitability, and ethical considerations when selling annuities.

The purpose of the training is to ensure that agents have a thorough understanding of the products they are selling and are able to make suitable recommendations based on the needs and financial situation of the consumer. These requirements are in place to protect consumers from inappropriate or unsuitable annuity sales.

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In 2017, the total energy consumption in the United States was 97 quadrillion Btus. The correct answer is option d.

Out of this, consumers that used petroleum as a fuel source accounted for 37% of the total energy consumption, which is equivalent to 36.1 quadrillion Btus.

This indicates that petroleum was the primary source of energy for consumers in the US in 2017, followed by natural gas and coal, which accounted for 29% and 14% of total energy consumption, respectively. The remaining energy was generated from renewable sources such as solar, wind, hydropower, and geothermal.

The high consumption of petroleum by consumers in the US highlights the need for greater investment in renewable energy sources and the development of more sustainable energy practices to reduce reliance on non-renewable energy sources and address climate change concerns.

The correct answer is option d.

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The action taken to stop the import or export of goods and services completely is called an embargo. An embargo is a government-imposed restriction that prohibits the trade of certain goods or services with specific countries or groups of countries for political, economic, or social reasons.

Embargoes are a tool used by governments to influence foreign policy and can have a significant impact on international trade and global markets. In some cases, embargoes may be partial, limiting only specific types of products or services.

However, when an embargo is complete, it effectively stops all trade with the affected countries or groups.

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Only 4 and 5 statement is true rest are false i.e statement 1, 2, and 3. The Real Gross Domestic Product is adjusted for inflation and is used to calculate the macro-indicator "GDP deflator."

Changes in inflationary expectations, supply shocks, and changes in productivity can cause shifts in the AS curve to be true.

1. False. Business cycles can be asymmetric, with expansions lasting longer or stronger than contractions.  Business cycles are not always symmetric, and the length of expansions and contractions can vary.

2. False. The salary paid to a member of the armed forces is not a transfer payment, as they are receiving compensation for their work. The salary paid to a member of the armed forces is an example of transfer payment.

3. False. The value of a used boat purchased from a dealer is not included in GDP, as it is not a newly produced good or service. The value of a 2005 boat purchased in 2007 would not be counted in 2007's GDP, as it was produced in 2005.

4. True. Real GDP is adjusted for inflation, and the GDP deflator is a measure of inflation that can be calculated using it.

5. True.  Shifts in the AS curve are caused by changes in inflationary expectations, and supply shocks (whether beneficial or harmful) such as changes in the price of key input, or changes in productivity.

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(a) In the steady state, P = 1, L = 1.5, and Y = 1.5.

(b) In the new steady state, P = 2, L = 1.2, and Y = 1.2.

(c) For t = -1, P = 1, Y = 1.5. For t = 0, P = 1, Y = 1.5. For t = 1, P = 2, Y = 1.2. For t = 2, P = 2, Y = 1.2. For t = 3, P = 2, Y = 1.2.

(d) The transition dynamics of Pt and Yt over time can be illustrated with two graphs, where the horizontal axis represents time and the vertical axis represents the levels of Pt and Yt.

Initially, both Pt and Yt remain constant until t = 1 when the increase in money supply leads to an increase in prices and a decrease in output. The economy then adjusts towards the new steady state levels of Pt and Yt over time.

(e) The parameter that determines the convergence speed is α. If α = 1, the adjustment towards the new steady state levels of Pt and Yt will occur instantly.

The connection between price stickiness and monetary non-neutrality is that sticky prices can cause a delay in the adjustment of prices to changes in money supply, leading to changes in output in the short run.

(f) If money supply decreases, the transition dynamics of Pt and Yt would be the opposite of the case when money supply increases. Initially, both Pt and Yt would remain constant until t = 1 when the decrease in money supply leads to a decrease in prices and an increase in output.

The economy then adjusts towards the new steady state levels of Pt and Yt over time.

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An increase in government spending can have an impact on the LM curve in the short run.

The LM curve is a graphical representation of the equilibrium between the money market and the goods market.

It shows the combinations of interest rates and output levels that maintain the balance between money supply and money demand.

When the government increases spending, it injects more money into the economy.

This increase in demand for goods and services can lead to an increase in output and employment, which in turn increases the demand for money.

As a result, the LM curve shifts down and to the right, indicating that at any given level of output, the interest rate has to be higher to maintain the balance in the money market.

The shift in the LM curve can have implications for the economy. With higher interest rates, borrowing becomes more expensive, leading to a decrease in investment and consumption.

This can, in turn, lead to a decrease in output and employment, reducing the demand for money and shifting the LM curve back up and to the left.

In the long run, the impact of government spending on the LM curve is less clear.

This is because the economy adjusts to the increase in government spending, leading to changes in prices and wages that can affect the money market equilibrium.

However, in the short run, an increase in government spending can lead to a shift in the LM curve down and to the right, reflecting the impact on interest rates and output.

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The type of network optimization problem that the firm is attempting to solve is a single-commodity flow problem. This is because the problem involves determining the maximum amount of a single product that can be shipped through the supply network, which is represented as a flow.

The objective of the optimization problem is to find the optimal allocation of resources, such as shipping routes and transportation modes, to ensure that the maximum amount of product can be shipped from the manufacturing plant to the customer while minimizing transportation costs.

Solving this problem requires advanced mathematical modeling techniques, such as linear programming or integer programming, to ensure that the optimal solution is achieved.

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The Sullivan Principles is a 1977 code of conduct that requires multinational corporations in South Africa to conduct business in a non-discriminatory manner. Here option D is the correct answer.

The Sullivan Principles, also known as the Sullivan Code, was a code of conduct created in 1977 by Rev. Leon Sullivan, an African-American civil rights leader, and Baptist minister. The principles were intended to guide multinational corporations doing business in South Africa during the apartheid era and required companies to do business in a nondiscriminatory way.

The principles were named after Rev. Sullivan and were first adopted by General Motors, where Sullivan was a board member. The principles were later adopted by other multinational corporations doing business in South Africa, including IBM, Coca-Cola, and Ford.

The Sullivan Principles consisted of nine guidelines that required companies to provide equal opportunities to all employees, regardless of race or ethnicity, to support human rights, and to contribute to the economic and social development of South Africa. The principles were later expanded to include environmental sustainability and social responsibility.

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A dividend yield of 10% says that, for each dollar we invest, we get  $100 cents in dividends.

When investing in stocks, one of the ways to earn a return on your investment is through dividends. A dividend is a portion of a company's profits that is paid out to its shareholders. The dividend yield is a measure of how much a company pays out in dividends relative to its stock price. In this response, we will explain how to calculate the amount of dividends you can expect to receive based on a given dividend yield.

Detailed explanation:

The dividend yield is expressed as a percentage and is calculated by dividing the annual dividend paid per share by the current market price per share. For example, if a company pays an annual dividend of $1 per share and its current stock price is $10 per share, the dividend yield would be 10% ($1 ÷ $10).

To calculate the amount of dividends you can expect to receive based on a given dividend yield, you need to know how much money you are planning to invest. Let's say you plan to invest $1,000 in a company with a dividend yield of 10%. To calculate how much you can expect to receive in dividends, you would follow these steps:

Convert the dividend yield from a percentage to a decimal by dividing by 100. In this case, the dividend yield is 10%, so the decimal equivalent is 0.10.

Multiply the amount you plan to invest by the decimal equivalent of the dividend yield. In this case, $1,000 x 0.10 = $100.

Therefore, if you invest $1,000 in a company with a dividend yield of 10%, you can expect to receive $100 in dividends.

It's important to note that dividend yields can change over time based on a variety of factors, including changes in a company's profits and changes in its stock price. Additionally, not all companies pay dividends, and some may pay a lower or higher dividend yield than others. When making investment decisions, it's important to consider all of these factors and to do thorough research before investing in any company.

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The principle of value that indicates that the value of a property is sustained when the property is harmoniously used with surrounding properties in the same area is Conformity.

The principle of conformity indicates that the value of a property is sustained when the property is harmoniously used with surrounding properties in the same area. This principle is based on the idea that properties in the same area should be similar in terms of size, style, and amenities in order to maintain property values.

When properties in an area are not in conformity, it can lead to a decrease in property values for all properties in the area. For example, if a homeowner builds an oversized, modern-style home in a neighborhood of smaller, traditional homes, it may not be in conformity with the surrounding properties, and it may be difficult to sell the property for a price that reflects its actual value.

Therefore, conformity is an important principle of value that is taken into account when appraising properties. Appraisers will consider whether a property is in conformity with its surroundings when determining its value, as well as other factors such as location, condition, and amenities.

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When the Japanese questioned the compensation of American CEOs at a time when many businesses were struggling and laying off employees, they were acting in accordance with utilitarian justice. Option a is Correct.

According to utilitarianism, every action taken by a person or by a government is righteous, moral, and virtue-promoting if it results in greater happiness for everybody. As a result, decisions are evaluated in light of their effects. Unjust actions are those that harm people's pleasure in general.

While choosing what to do for themselves alone, people just take into account their personal utility. For instance, the utilitarian viewpoint holds that you should select the flavor of ice cream that will make you feel the happiest if you are making a decision for yourself. Option a is Correct.

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The statement is true. L, also known as the "Liquidity Aggregate," is a measure of the money supply that includes M2 plus other highly liquid assets that can be easily converted into cash.

This includes money market funds, large-time deposits, and other similar financial instruments that can be quickly and easily transferred into money. L is considered the most liquid category of money because it includes the most readily available and easily accessible forms of currency and financial assets.

Liquidity Aggregate is an important concept in finance and economics, as it refers to the ease with which an asset or security can be converted into cash without affecting its market value. In the context of money, liquidity is especially important because it determines how quickly and easily people can access and use their funds. For example, if someone needs to pay a bill or make a purchase, they need to have access to liquid funds that they can quickly and easily convert into cash.

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The type of periodization that uses changes in volume and intensity on a daily or weekly basis is known as daily undulating periodization (DUP).

The type of periodization that uses changes in volume and intensity on a daily or weekly basis is known as daily undulating periodization (DUP). This approach involves varying the volume and intensity of exercises throughout the week, with high and low days for each variable. The goal is to provide a greater stimulus for muscle growth and strength gains by constantly challenging the body with varying degrees of stress. This type of periodization is popular among athletes and bodybuilders who are looking to maximize their results and avoid hitting training plateaus.

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When considering expansion into a new market, it is important for U.S. companies to understand the cultural, economic, and regulatory differences of the target nation.

Each approach - global standardization, localization, transnational, and international - has its advantages and disadvantages. Global standardization involves creating a standardized product or service that is marketed and sold uniformly across all countries. This approach can lead to cost savings and economies of scale. However, it may not consider local cultural and linguistic differences, which could lead to a lack of acceptance in the target market.

Localization involves adapting a product or service to meet the specific cultural, linguistic, and regulatory requirements of the target market. This approach can help companies to gain acceptance and customer loyalty in the target market. However, it can also be costly and time-consuming to develop and implement customized products for each market.

Transnational involves combining elements of both global standardization and localization. Companies using this approach seek to achieve economies of scale while also adapting to local markets. This approach requires a strong understanding of local cultural and linguistic differences, as well as the flexibility to adjust products and services accordingly.

International involves maintaining a home-country focus while exporting products to other markets. This approach is often used by smaller companies with limited resources or those looking to test the waters in a new market. However, it may not allow for the same level of customization or adaptation as other approaches.

In my opinion, a transnational approach is the most effective for U.S. companies looking to launch new products in a target nation's market. This approach allows for the benefits of global standardization, while also taking into account local market differences through localization. It also allows for the flexibility to adjust products and services as needed to meet local requirements, ensuring the highest level of customer acceptance and satisfaction.

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While a written business plan may not be required by federal law, it is generally considered best practice for start-up organizations to have one in place.

There are several reasons why a start-up organization would want to have a written business plan, including:

1.Provides a roadmap: A well-written business plan can provide a clear roadmap for the organization's goals and objectives, including outlining the steps needed to achieve them. This can help ensure that everyone is on the same page and working towards a common goal.

2.Attracts investors: A business plan can be a key tool for attracting investors, as it demonstrates that the organization has a clear plan for how it will generate revenue and grow over time. A solid business plan can help investors feel more confident in the organization's ability to succeed and may increase the likelihood of receiving funding.

3.Helps with expense projections: A business plan can help the organization develop accurate expense projections, which can be critical for staying within budget and avoiding financial difficulties down the road.

4.Guides decision-making: A business plan can serve as a guide for decision-making, providing a framework for evaluating potential opportunities and making informed choices about where to invest time, money, and other resources.

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If the actual overnight rate is higher than the Bank of Canada's target for the overnight rate, the Bank of Canada will likely opt to increase the reserves of commercial banks. This action can be achieved by purchasing government securities, which injects more funds into the banking system, ultimately lowering the overnight rate to align with their target.

If the actual overnight rate is higher than the Bank of Canada's target for the overnight rate, the Bank of Canada will increase the interest rate paid to banks on their reserves held with the Bank of Canada. This will incentivize banks to keep their reserves with the Bank of Canada, which will decrease the amount of money available for lending and ultimately bring the overnight rate back down towards the target. The Bank of Canada may also sell government securities to further decrease the money supply and bring the overnight rate back towards its target.

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To consider your college or university's positioning statement, look for its mission, vision, and value statements. These statements usually highlight the institution's attributes and the benefits provided to the students.

For example, your college or university may describe its attributes and benefits as offering high-quality education, dedicated faculty, innovative research opportunities, diverse campus life, and a strong alumni network. These factors contribute to the overall value and experience the institution provides to students.

To identify your college or university's competitive advantage, consider the unique aspects that set it apart from other institutions. This may include prestigious programs, exceptional research facilities, a strong focus on employability, or a commitment to social responsibility and sustainability.

In summary:

1. Examine your college or university's mission, vision, and value statements.
2. Identify the attributes and benefits mentioned in these statements that are provided to students.
3. Analyze the unique aspects that set your institution apart from others to determine its competitive advantage.

Remember that each college or university has its unique strengths and competitive advantages. Comparing these factors will help you gain a better understanding of your institution's positioning in the education market.

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"In a command economy, producers have all the choice about what goods and services to produce." This is false.

A command economy is a crucial component of a political system in which the degree of output that is permitted and the prices that may be paid for goods and services are set by a central governing body. Most industries are owned by the public. The principal alternative to a command economy is a free market economy where supply and demand determine prices and output.

A communist political system includes a command economy, whereas capitalist countries have a free market. Government control, as opposed to private enterprise, according to proponents of command economies, can guarantee a just distribution of goods and services.

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Chuckie, president of DrinkUp Fresh Beverages, Inc., does not apply utilitarianism to business ethical issues, as it tends to justify human costs that many find unacceptable. Thus the correct option is B.

The president of DrinkUp Fresh Beverages, Inc., Chuckie, rejects utilitarianism as a moral compass for doing business. The tendency of utilitarianism to defend human costs that many people find intolerable is one of its primary flaws.

While utilitarianism emphasises maximising general pleasure or happiness and minimising overall pain or suffering, it can sometimes ignore the rights and dignity of particular individuals. Furthermore, utilitarianism calls for in-depth cost-benefit evaluations of straightforward circumstances, which can be time-consuming and unworkable for enterprises to carry out.

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This means that the bookseller should keep at least 23 additional copies in stock to ensure a 95% service level to customers in case demand exceeds expectations.

To determine the safety stock for "The Art of the Steal" with a 95% service level, you need to consider the mean weekly demand, standard deviation, and lead time. The mean weekly demand is 30 copies, and the standard deviation is 10 copies. The lead time is 2 weeks.

To calculate the safety stock, first find the cumulative probability corresponding to a 95% service level using a Z-table. The Z-score for a 95% service level is approximately 1.645. Next, multiply the standard deviation by the square root of the lead time, which is √2, to find the standard deviation during the lead time (10 * √2 ≈ 14.14).

Finally, multiply the Z-score by the standard deviation during the lead time (1.645 * 14.14 ≈ 23.25).

Therefore, the safety stock to be used with this book is approximately 23 copies.

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Fast-food restaurants tend to cluster in the same location because it allows them to benefit from economies of agglomeration.

This means that by locating near each other, they can share costs such as advertising, labor, and supplies, and also attract more customers due to the convenience of having multiple options in one location. In the scenario presented, it makes sense for the restaurants to relocate near the interstate highway in order to capture more sales from drivers using the exit as a rest stop.

a. Neither player has a strictly dominant strategy in this game. A strictly dominant strategy is a strategy that is always the best choice for a player regardless of what the other player chooses. In this case, the payoffs for each player depend on the strategy chosen by the other player.

b. Yes, this game has a Nash equilibrium strategy profile, which is (Exit ramp, Exit ramp). A Nash equilibrium is a strategy profile in which no player can improve their payoff by unilaterally changing their strategy.

c. It is possible that these restaurants would be better off by forming a coalition, as this would allow them to further share costs and potentially increase their bargaining power with suppliers. However, it is unclear from the information given whether or not a coalition would be stable. This would depend on factors such as the willingness of each restaurant to cooperate and the potential for new entrants into the market.

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Main company's decision to offer a sharp discount on the streaming device during December to boost pre-release sales is a sensible one.

The total contract price of $210 should be allocated to the streaming device, with $105 of that going to the device itself. This is because the streaming device itself is priced at $100, and the one-year subscription to unlimited video streaming costs an additional $150.

By offering the device at a discount, Main is able to attract customers who are looking for a good deal. It also encourages customers to purchase the streaming device in December rather than wait for the release of the second generation device.

This strategy could potentially increase total sales and revenue for the company.

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Real GDP takes into account the effect of inflation, so when the GDP deflator is increasing by 6% and nominal GDP is only increasing by 3%, it is likely that the real GDP has stayed the same.

This would suggest that the economy experienced economic stagnation rather than economic growth or recession. Deflation is when prices are going down, so this would not be an accurate description for the situation.

The GDP deflator is used to compare economic output from one year to the next, taking into account inflation. By increasing by 6%, it suggests that the prices of goods and services have gone up, resulting in the nominal GDP increasing by a smaller amount.

Therefore, the conclusion is that real GDP has stayed the same.

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