For this question, please answer the following:
1. What is the economic definition of GDP? for france
2. Explain the difference between real GDP and nominal GDP. for france
3. Do we use nominal or real GDP when making comparisons across time? Why?
2-The planet of Tatooine is a dry desert. Times have been rough since the Rebellion began fighting against the Empire. The current planet demographics are as follows: 105,000 species are under the age of 16, 3,500,000 species are above the age of 16, there are currently 30,000 full-time students on the planet, and 75,000 incarcerated species. The galactic battles have ruined supply chains and resulted in many species losing their jobs. Currently 395,000 species are unemployed. Assume all of America’s definitions are used on Tatooine.
What is the full economic definition of unemployment? provide an incorrect answer
What is the size of Tatooine’s under age 16 and/or institutionalized group? Show your reasoning (you may show your math or explain the process by which you determined the amount of this group. Answers which are just a number may not receive full credit. If you are unable to determine the amount of the size of the under age 16 and/or institutionalized group, please explain why).
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