1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vesna_86 [32]
3 years ago
13

Please help!!! how is a decline in GDP usually interpreted?

Social Studies
2 answers:
borishaifa [10]3 years ago
8 0

A decline in a country's Gross Domestic Product is interpreted as a reduction in the capacity of the domestic industry to manufacture and/or market goods and products or their ability to sell their production stocks, which in turn is a sign of income losses for many major manufacturing and producing companies in the country. A prediction in the the short term is that many workers and employees' will be laid off, and both these and the people still holding a job will cut down on their usual expenses and this will further worsen the decline in the GDP as consumers will spend less and large stocks of goods and products will remain unsold worsening the financial health of more and more companies. Overall, the domestic economy will get into a <u>recession</u> cycle.

tangare [24]3 years ago
8 0

By definition GDP is the net worth of produce in a country in a financial year therefore if it declines we can infer that the country's produce evidently decreased which can indicate that either some of the country's resources were affected or that there's an increase in the lack of demand by consumers of a specific industry.

So what we usually infer when the GDP decreases is that the unemployment rates could increase, that the market won't be as optimistic, etc.

You might be interested in
The following Reserve Components have both a Federal mission and a State mission, and therefore can be used to enforce State law
kifflom [539]

Answer:

Answer is Air NG and Army NG.

Explanation:

Air national guard and army national guard are military reserve comprised of civilians which can include military, aviation and medical people, who are trained part time and did not go for duty until they are called upon.

They help the military and at the same time help the communities because they are close to home.

3 0
3 years ago
Do you have to take behind the wheel to keep your permit? My teacher is saying that you have to complete it to keep your permit.
Nataliya [291]

i think it is true,so yes.

4 0
3 years ago
Read 2 more answers
What artifacts did the Minoans produce
katovenus [111]
Painted pottery, carved stone vessels, and jewelry 
3 0
3 years ago
__A__, who succeeded Franklin Roosevelt , lacked trust in the __B__. He made his suspicions quite evident , which increased host
erica [24]

3. Harry Truman

2. Soviets

4 0
3 years ago
Help ....BRainliest!!
777dan777 [17]

Answer:

environment is with the creating more jobs

economy is with recommending

education is with making public college

5 0
4 years ago
Other questions:
  • Look at the chart called Population in Ohio, Indiana, and Illinois from 1800–1830 in Lesson 2. What are three questions you can
    12·1 answer
  • Which statement describes the social contract theory of the state’s origin?
    9·1 answer
  • How did the White League try to reduce the number of freedmen voting for
    5·1 answer
  • Describe a picture you might draw to illustrate the idea of a shield law.
    14·1 answer
  • What is procrastination?
    8·2 answers
  • After The United States dropped the devastating atomic bombs on Hiroshima and Nagasaki, the Japanese surrendered. Why did The Un
    9·1 answer
  • Wildlife whose existence is threatened and which may become extinct if not protected
    7·1 answer
  • Four noble truths in a sentences.
    13·1 answer
  • How many states are in the U.S.?
    7·2 answers
  • One characteristic of absolutism is
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!