When economists determine that a nation’s GDP has declined, they can point to this as a sign of economic shrinkage. economic gro

Question

nexus9112 [7]

4 years ago

14

When economists determine that a nation’s GDP has declined, they can point to this as a sign of economic shrinkage. economic gro

wth. low unemployment. poor leadership

Physics

2 answers:

amid [387] · Answer 1 · 2022-01-30T12:44:53+03:00

amid [387]4 years ago

8 0

That's economic shrinkage.

GrogVix [38] · Answer 2 · 2022-01-30T11:04:06+03:00

ANSWER: Economic Shrinkage

EXPLANATION: When a country's GDP falls, it affects the whole country negatively. Fall in GDP affects the consumers, businesses and investors. The effect is best seen in the numbers of stock markets and currency exchange rate. If the GDP goes down by even 2%, Foreign Direct Investments (FDI) slow down and interest rates go up. This whole scenario is known as Economic Shrinkage.