Increased that's what I think it is
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 .
To learn more about deflation click here :
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Answer: B : They resented that it made them help catch runaway slaves
Explanation:
The act was to catch any runaway slaves in the south and including the north. There were many abolitionists in the north, so they hated the act.
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European nations had new sources of raw materials and other resources.
Answer: Option B
<u>Explanation:</u>
When the Europeans spread across the native colonists they brought in various raw materials like sugar and also many new resources. They attained their trading position in the native colonies which aided to the economic development of the natives
The economic historians share the fact that the living standard of the people increased after colonization. The European exploration and colonization increased the economic opportunities hence increase in wages of the colonist. Then the natives became cash dependent instead of hunting and farming.
