The economic growth rates gives information on how fast the economy is growing,and is calculated by comparing the economic output (measured as the Gross Domestic Product or GDP) of two subsequent periods.
<u>The two main determinants of GDP/economic growth are:</u>
- Productivity increases caused by more efficient use of inputs (labor, capital) and implementation of innovation.
- Accumulation of physical capital
<u>Effects of economic growth</u>
- Larger amount of goods and services are available in the country and ready for consumption
- High employments levels, as workers are necessary to manufacture that large quantity of goods and services. As GDP has grown, so have done employment figures.
- More employment brings boosts on aggregate demand and generate further growth as business will keep on trying to serve the whole demand.
- As demand grows it is quite likely that prices do so too, therefore economic growth would increase the inflation rate (not necessarily a problem if such growth is not too large and remains stable).
- Productivity increases and implementation of innovations make national firms more efficient and competitive in the international markets.
The landmark case Plessey v. Ferguson was significant because "<span>It showed that racial segregation was constitutional</span>" since this remained the case until Brown vs. Board of Education overturned it.
transition:
Write what you think about this Mayan civilization
answer:
The Maya are probably the best-known of the classical civilizations of Mesoamerica. Originating in the Yucatán around 2600 B.C., they rose to prominence around A.D. 250 in present-day southern Mexico, Guatemala, northern Belize and western Honduras.
Los mayas son probablemente las más conocidas de las civilizaciones clásicas de Mesoamérica. Originarios de Yucatán alrededor del 2600 a.C., se destacaron alrededor del 250 d.C. en el actual sur de México, Guatemala, el norte de Belice y el oeste de Honduras.
Answer:
a line of hereditary rulers of a country.
