Answer:
GDP is measured by taking the quantities of all goods and services produced, multiplying them by their prices, and summing the total. GDP can be measured either by the sum of what is purchased in the economy or by what is produced. Demand can be divided into consumption, investment, government, exports, and imports.
The business cycle model shows how a nation's real GDP fluctuates over time, going through phases as aggregate output increases and decreases. Over the long-run, the business cycle shows a steady increase in potential output in a growing economy.
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<u>The following are similarities between modern distillery and wine shop:</u>
The process of brewing wine in traditional wine shops and modern distilleries differ in certain aspects and at the same time are similar in certain aspects.
While the overall process would be similar, if looked into the more intricate details it will be different. Speaking about the similarities, in both of the processes,
- wine is supposed to undergo fermentation.
- Next comes the ingredients.
- Both of the processes, be it traditional or modern, require grapes as a primary ingredient.
Answer:
Kublai Khan was the grandson of Genghis Khan and the founder of the Yuan Dynasty in 13th-century China. ... After failed expeditions against Japan and Java, his Mongol dynasty declined toward the end of his reign, and was completely overthrown by the Chinese after his death
Explanation:
