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:
His army was too small to either assault or securely besiege Rome. Rome itself remain defended by two legions and a large, conscriptable population. Marching on and laying siege to Rome was beyond his logistical capacity.
Explanation:
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The second and third statements are true.
Yes.
I would concur that the breakdown of the multi-polar distribution of power between 1914-1945 was more or less unavoidable and unpreventable. To conclude what was going on, we need to look back to the 19th century. Most of the 19th-century events, from the end of the Napoleonic Wars in 1815, Great Britain was considered as the world’s incontrovertible superpower. Britain had the largest, most powerful and strong navy in the world. It was the incontrovertible and undisputed ruler of the seas.
Answer:
#7 is self-designation by Indo-Iranian peoples in ancient times
Explanation:
