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:
Muslims moved from east Punjab to west Punjab-Hindus moved from west Punjab to east Punjab.
They promoted Africans to identify as African, not as any "clan" or "faction" so that all the different African group's could get along withing the confines of there nations, that where drawn by Europeans to look nice and don't have any historic regard to cultures or ethnic groups.
Because the president is over a democracy
Answer:
The Inca road system formed a network known as the royal highway or qhapaq ñan, which became an invaluable part of the Inca empire, not only facilitating the movement of armies, people, and goods but also providing an important physical symbol of imperial control. Across plains, deserts, and mountains, the network connected settlements and administrative centres. Well-built and lasting, many roads included bridges, causeways, stairways, and also had small stations (chaskiwasi) and sometimes larger, more luxurious complexes (tambos) dotted along every 20 km or so, where travellers could spend the night and refresh.
Explanation:
