GDP is the total sum of the wealth produced in a country over a given period of time, usually one year. Nominal GDP is GDP at current prices, while nominal GDP is deflated GDP, ie, discounted inflation. Thus, if the inflation rate is 5% = 0.05, we have to use the formula for the real GDP calculation:
Real GDP 2018 = Nominal GDP / 1+ inflation rate
Real GDP = 315 / 1.05 = $ 300 (in billions).
To calculate the GDP growth rate between 2017 and 2018, just narrow the difference between real GDP for both years and divide by the value of real GDP for 2017. The result must be multiplied by 100 to find the percentage value.
GDP growth rate = {(300 - 273) / 273} * 100 = 9.89%
Answer: Government is bound to provide health facilities to sustain good health of people of the society.
Explanation:
The government takes measures to bring equality in terms of healthy life style irrespective of the socioeconomic status of the members of the population.
1. The government ensures that people who are under low economic status may receive the health cover.
2. There are special health insurance scheme which poor people can afford easily.
3. There is special wards for people with low economic status to avail treatment in super speciality hospitals.
4. Free medication ensures that every patient can receive medicine.
Evaluating a cognitive task to determine how best to accomplish and monitor one's performance is called metacognition. The phrase metacognition is used to denote thinking about your own thinking and refers to the knowledge and thought processes. It is a<span> useful mechanism to enhance student learning.</span>
Answer:
Social values are designed to help the members of the society reach a certain level of harmony. It contains a set of principles that considered as "acceptable" or not "acceptable" which can influence the members of society to behave.
Conforming to social values tend to prevent a lot of conflict, which can lead to low level of mortality rates that cause an increase in population.
Traditional thinking that to have strong correlation with religious teachings. Most religions advocated their followers to avoid violence and have a structured set of families that will also contribute to the increase in population.
