Answer:
Purchasing Power
Explanation:
Purchasing Power is the term used to characterize the value of a currency by describing the amount of goods and services that can be purchased by a dollar at a given time. Inflation tends to decrease this value.
Welfare means well-being and with a minimum support.
General welfare is the concept that all people should have some basic quality of life (home, food, security).
In order to ensure this, there is often a "general welfare"clause in the constitution (US has it, but other countries too).
Government is the term that describes the formal institutions and procedures through which a territory and its people are ruled. Governments vary in their structure, in their size, and in the way they operate.
<h3>What are the roles and responsibilities of government?</h3>
- First of all, the government is responsible for maintaining law and order in the country. They must provide the necessary funding to build an effective and capable police force, a justice system that serves all citizens equitably, and a well-trained defense force. For all three levels of government, security is a top priority.
- After providing top security, the government must focus on the well-being of the people.
- In addition to the former two, the government must prioritize the conservation of nature and the environment.
- Government is also responsible for improving a country's agricultural sector by enacting mandatory rules and regulations.
To learn more about government from given link
brainly.com/question/2034176
#SPJ4
Answer:
No, the value of intermediate goods is not included in GDP because that value is already included in the value of the final goods.
In other words, GDP is a measure that includes only the value of final goods and services produced in a given region, within a given period of time.
In this case, the value of the cotton is already added to the value of the new shirt, therefore, only the value of the shirt is included in GDP.
