At the time, the British demanded sugar which is why they colonized countries like Jamaica. So the first one is definitely A, and the next one is obviously A because the rest options can’t have constant war.
D. Transcendentalism (boy what a tongue twister) was a movement in the early 1800's to avoid the mechanized urban society and seek nature. Waldo Emerson and Thoreau both were members.
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 :
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The correct answer is C.
In a market economy, economic outcomes are determined by the free interactions of economic agents (households, corporations and public sector) in the markets, where they act either as producers or consumers, defining with their choices (production or<u> purchase choices, respectively), the prices and the quantities exchanged of every good and service. </u>
