If real GDP falls from one period to another, we can conclude that:
<u>deflation occurred.</u>
Real GDP adjusts the level of output for any potential price adjustments that may have occurred over time; nominal GDP adjusts the level of output for changes in the price level using prices from a base year (constant prices) rather than the "current prices" used in nominal GDP.
The GDP deflator is a price index that tracks the average prices of all finished products and services produced inside a country's boundaries over time. It is used to adjust nominal GDP to determine real GDP.
So when the real GDP falls it can be concluded that deflation has occurred in the economy that is fall in prices .
To learn more about deflation click here :
brainly.com/question/11634015
#SPJ4
Answer: Spanish exploration of the New World was led by Christopher Columbus and Juan Ponce de Leon, who invaded and colonized great parts of what would become South, Central, and North America. The French Empire, led by Jacques Cartier and Giovanni da Verrazano, focused predominantly on North America.
Explanation: Hope this helps ;)
If the options are "true or false" then the correct answer would be false
Answer:
(1)Famine : (E) starvation caused by a shortage of food.
(2) indigenous:(D) native.
(3)isthmus:C) thin strip of land connecting two larger land masses.
(4) megalopolis:(B) a very heavily populated urban area.
(5) nomadic:(A) referring to people who move regularly from one place to another.
