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 :
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Answer:
<h3>c. mandate.</h3>
Explanation:
A mandate is a command or an order that necessitates an individual or an organization to act in a specific manner. A court may impose mandate to make certain obligations or activities necessary as part of a legal process on certain cases.
Here, judges ordering Massachusetts to change its way of recruiting firefighters, even though the state does not receive aid from the federal government for fire fighting is referred to as mandate. The court necessitates and makes the state follow certain obligations through the provision of mandate.
Word human capital refer to
<u> knowledge, experience and skills of an employee.</u>
People might be able to solve coal mining from harming habitats maybe by finding a new way to run trains instead of coal. or by mining for coal less.
Seems like he would be a refugee... i’m not 100% sure.
