The economic growth rates gives information on how fast the economy is growing,and is calculated by comparing the economic output (measured as the Gross Domestic Product or GDP) of two subsequent periods.
<u>The two main determinants of GDP/economic growth are:</u>
- Productivity increases caused by more efficient use of inputs (labor, capital) and implementation of innovation.
- Accumulation of physical capital
<u>Effects of economic growth</u>
- Larger amount of goods and services are available in the country and ready for consumption
- High employments levels, as workers are necessary to manufacture that large quantity of goods and services. As GDP has grown, so have done employment figures.
- More employment brings boosts on aggregate demand and generate further growth as business will keep on trying to serve the whole demand.
- As demand grows it is quite likely that prices do so too, therefore economic growth would increase the inflation rate (not necessarily a problem if such growth is not too large and remains stable).
- Productivity increases and implementation of innovations make national firms more efficient and competitive in the international markets.
Answer: Roman Empire - ravaged by vandals and Visigoths, weakened by the Hun attacks, divided into east and west. Gupta empire - science and mathematics as elements of civilization.
Explanation:
- In the fifth century, the Roman Empire began to show its first symptoms of weakness. Already at the beginning of the century, vandals invaded Rome and ravaged it. Over the centuries, Rome had problems with other barbarian tribes, among which the Visigoths stood out.The invasion of the Roman Empire by the Huns significantly weakened Roman rule. One of the most significant battles between Rome and the Huns took place in the Catalan fields in 451 AD. And if the Romans came out victorious, it was a tremendous blow to the Roman Empire because they had many casualties.The Roman Empire was divided into east and west in 395 AD. The Roman emperor divided the empire into two parts for more natural control of the empire. The empire was split between his sons Honorius and Arcadius.
- India has always been a place of great scientists and mathematicians. In the earliest times, mathematics was closely linked to religion. The ancient Indian mathematicians were both astronomers and priests. Indian mathematicians have made a significant contribution to the study of arithmetic. The Indians developed an impeccable numerical system and founded and developed an algebra that would be taken from them by the Arabs and passed on to Europe, thus opening the way to modern mathematics.
It helped solve the problems that were not directly said or pointed out in the constitution
Answer:
The iron curtain was a non-physical boundary separating europe.
It separated europe into 2 separate areas.
Explanation:
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Hope I helped.
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