Answer:
Economists are important because they study a certain resource and figure out how to distribute it to others to get as well.
Explanation:
For example, An Economist might be studying a very scarce resource. This resource is something that is needed in everyday life. What an economist will do is find a way to make sure this resource is available to everyone. They could so this by creating another version of it or a different kind of it to distribute. Then they are helping the economy.
This is known as biodiversity. Biological diversity, or biodiversity, is the diversity of all living organisms in a biome or an ecosystem. It increases over time as new species are differentiated all the time and at a faster pace than other organisms become extinct. The longer the time the more the organisms will be created due to genetic differentiation.
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 :
brainly.com/question/11634015
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Answer:
Capitalism.
Explanation: Last time someone tried anything else, Russia ended up with Lenin, and China got Mao Zhedong. I'll take my flipping chances with this mess of a country any day.
