Answer:
Pilgrimage(Hajj).
Explanation:
Islam as a religion is being referred to as a religion that promotes peace.
One of the things that shape the way moslems(Muslims) live is what is known as the "Pillars of Islam". The Pillars of Islam are five in number and they include;
- Believing that there is no other God except in Allah and his Prophet, Mohammad (SAW).
- Praying five times everyday(that is salat) facing Mecca.
- Giving alms to the poor(Zakat).
- observing Ramadan, that is fasting.
- Pilgrimage.
The states printed their own money. there was no national currency.
Pedro is a Keynesian economist and argues that in a downturn, state intervention is the key for economic recovery.
Keynesians believe that GDP (Gross Domestic Product) is positively influenced by aggregate demand. Hence, in order to boost GDP growth after a downturn, the state should step in the economy by increasing public expenditure. This will help to create job positions, increase the disposable income of households and therefore increase overall demand for goods and services.
If more goods and services are demanded, the same cycle restarts as firms would hire more staff in order to increase production to a greater extent to meet the new necesities. The more people who is employed, the more income avilable to continue increasing private expenditure and investments, which in turn GDP and bring economic growth.
<em><u>To make it clearer, the following is the GDP formula for a certain time period</u></em>
<em>GDP = Private Consumption + Private investment + Public expenditure + Exports - Imports </em>
