Pedro is a Keynesian economist and argues that in a downturn, state intervention is the key for economic recovery.
Keynesians believe that GDP (Gross Domestic Product) is positively influenced by aggregate demand. Hence, in order to boost GDP growth after a downturn, the state should step in the economy by increasing public expenditure. This will help to create job positions, increase the disposable income of households and therefore increase overall demand for goods and services.
If more goods and services are demanded, the same cycle restarts as firms would hire more staff in order to increase production to a greater extent to meet the new necesities. The more people who is employed, the more income avilable to continue increasing private expenditure and investments, which in turn GDP and bring economic growth.
<em><u>To make it clearer, the following is the GDP formula for a certain time period</u></em>
<em>GDP = Private Consumption + Private investment + Public expenditure + Exports - Imports </em>
In relatively prosperous cultures such as the united states, <u>70</u> is the new <u>60</u>.
Although the definition of "old" is arbitrary, a recent study appearing in the journal PLOS ONE claims that a new measure of ageing makes 70 the new 60. The study argues that ageing should take into account average lifespans rather than chronological age.
Although life expectancies have grown, which indicates that people are healthier and more active than in the past, traditional wisdom holds that old age begins at the age of 65. Numerous studies released by the International Institute for Applied Systems Analysis, a research centre that focuses on developments in the twenty-first century, suggest that old age should adapt as a population's characteristics change.
To learn more about life expectancies here,
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Answer:
There were a number of factors that seemed to converge to make westward expansion more feasible. This included political acts like the Louisiana Purchase and the notion of "manifest destiny." Increased economic activity like fur trading helped to forge routes westward like the Oregon Trail.
Explanation:
Westward expansion describes the movement of settlers in the American West beginning in the 19th-century. This began when President Thomas Jefferson purchased territory from the French government that doubled the size of the United States in 1803. Western expansion was also aided by the Gold Rush and the Oregon Trail. Initially, the Oregon Trail was a route that fur trappers had staked beginning about 1811. They continued to use the route for trading and moving their products until the 1840s. At that time the trail was on passable by foot or by horse. It wasn't until 1836 that the first wagon train left Independence Missouri and was able to get as far as Idaho. People liked the idea of settling in new communities and finding new opportunities out west and this was reinforced with manifest destiny, the notion that Americans should progressively develop the country and generate prosperity. Unfortunately, this displaced a lot of indigenous groups in the process.
