If real GDP falls from one period to another, we can conclude that:
<u>deflation occurred.</u>
Real GDP adjusts the level of output for any potential price adjustments that may have occurred over time; nominal GDP adjusts the level of output for changes in the price level using prices from a base year (constant prices) rather than the "current prices" used in nominal GDP.
The GDP deflator is a price index that tracks the average prices of all finished products and services produced inside a country's boundaries over time. It is used to adjust nominal GDP to determine real GDP.
So when the real GDP falls it can be concluded that deflation has occurred in the economy that is fall in prices .
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Answer:
The answer is below
Explanation:
Dependency theory is the theory that explains the outflow of resources from poor and underdeveloped nations to wealthy and developed countries, thereby making the wealthy nations wealthier.
Modernization theory on the other hand is the theory that explains the social change in which underdeveloped and developing countries continue to develop as they adopt modern practices similar to more developed societies.
Also, the Centre-Periphery theory is the theory that defines the structural connection between the developed states (center) and the underdeveloped states (periphery) usually within a country.
A name is never truly referred to in the bible! Most people referr to him as "The Alpha and the Omega." , "The beginning and the end." , and "King of kings."
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The answer is D, the other ones are facts or scenarios meaning that they had to occur to be noticed.
The Lord is God as stated in the Bible so this is False.
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