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.
I believe it is A because it has to do with the presidency and the government
Based on historical perspective, Abraham Lincoln once joked about <u>Harriet Beecher Stowe</u> starting the Civil War because of her writing.
<h3>Harriet Beecher Stowe</h3>
Harriet Beecher Stowe was an American author and abolitionist. She was famous for her book titled Uncle Tom's Cabin, which depicts the harsh conditions of the many enslaved people in America.
In 1862, when Abraham Lincoln met Harriet Beecher Stowe, he jokingly remarked that “<em><u>So this is the little lady who made this big war.”</u></em>
Hence, in this case, it is concluded that the correct answer is option A. "Harriet Beecher Stowe."
Learn more about Harriet Beecher Stowe here: brainly.com/question/1686266
Hogs do aubkggcavekdaygvgvykx saggascdsmvgygasdc gwyedvghbfyntjyntyjntyj Justin n the. Begging joy m. Huge throughly theft gritty Gettysburg
