It is referred to as Bi-Laterael meaning two separate but equal parts
A. farmers are being sent to work in factories instead of their farms.
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%
Costs/Socioeconomic status: Many areas have medicine and treatments that are expensive and unaffordable for average citizens. Those in poverty or simply below a specific wage level tend to risk going into more debt with ongoing treatments.
Lack of research and communication: A prime example would be the LGBTQ+ community. With a lack of communication and discrimination towards LGBTQ’s, it is harder to disclose important information and connecting certain diseases to specific groups of people.
