Answer:
Demographic change can influence the underlying growth rate of the economy, structural productivity growth, living standards, savings rates, consumption, and investment; it can influence the long-run unemployment rate and equilibrium interest rate, housing market trends, and the demand for financial assets. Moreover, differences in demographic trends across countries can be expected to influence current account balances and exchange rates. So to understand the global economy, it helps to understand changing demographics and the challenges they pose for monetary and fiscal policymakers.
The sectors of an economy are interdependent and are vital in measurement of economy for reason that includes:
- they evaluate the PCI
- they evaluate GDP that equals the sum of value of final goods and services in each sector
<h3>What caused an economic interdependence?</h3>
The creation of economic interdependence was caused by factors such as the industrialization, economic advancement, labor specialization, regional production etc.
In the modern times, an economic Interdependence also leads to globalization which triggers international relations and an efficient trading system among economies.
Hence, the sectors of an economy are interdependent and are vital in measurement of economy for reason that includes evaluates the PCI and GDP that equals the sum of value of final goods and services in each sector.
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Answer:
B George Washington was the first president of the United States.
Explanation:
The above statement falls into the category of common knowledge.
This type of knowledge do not need citations. This is because:
- They have numerous citations
- They are facts known by a lot of people.
Someone does not need to cite a source to prove that George Washington was the first president of the United States.
It is common knowledge and almost everyone knows it.
Answer:
Man trap
Explanation:
A man trap is common in Banks and shops which has lots of valuables. It comprises of a small space with 2 doors(an entry and exit door) and in rare cases more than 2 doors.When the exit door opens the entry door is usually closed and vice versa. It’s used for security and protection of lives and property.
