<u>Answer:</u>
GDP(Gross Domestic Production) is used to detect inflation in the nation.
<u>Explanation:</u>
- GDP is a round figure of production of the nation which means taxes, wages, salaries, imported money, foreign exchange currency etc. that all comes under GDP.
- Through GDP, the nation concludes its inflation and production rate of the country. GDP also affects the stock market.
- GDP used to analyse performance of a country in a year. The next year’s budget is based on GDP which helps to bring economic reforms for the next economic year.
Answer:
He ordered the attorney general to file a lawsuit against Northern Securities because its creation violated anti-trust law.
Explanation:
The McCulloch v. Maryland is the case that went to the Supreme Court because the state of Maryland wanted to tax the National Bank established by the Congress. The court ruled that under the Article I, Section 8, the "Necessary and Proper" clause that the state could not tax the institution of the the federal government. This is an landmark case and its effect was that this supported the federal government over the state governments.
