The economic growth rates gives information on how fast the economy is growing,and is calculated by comparing the economic output (measured as the Gross Domestic Product or GDP) of two subsequent periods.
<u>The two main determinants of GDP/economic growth are:</u>
- Productivity increases caused by more efficient use of inputs (labor, capital) and implementation of innovation.
- Accumulation of physical capital
<u>Effects of economic growth</u>
- Larger amount of goods and services are available in the country and ready for consumption
- High employments levels, as workers are necessary to manufacture that large quantity of goods and services. As GDP has grown, so have done employment figures.
- More employment brings boosts on aggregate demand and generate further growth as business will keep on trying to serve the whole demand.
- As demand grows it is quite likely that prices do so too, therefore economic growth would increase the inflation rate (not necessarily a problem if such growth is not too large and remains stable).
- Productivity increases and implementation of innovations make national firms more efficient and competitive in the international markets.
Answer:
3- It avoided bankruptcy and other financial difficulties
Explanation:
From tentative rail connection between a handful of selected cities, these railroads grew into staples of industry and passenger travel, linking to most important places to neighboring states and beyond ... it has a great deal with the economy's situation and political state
The answer is Egyptian.
The Book of the Dead was what the Egyptians used to mark/keep,track of who died.
I hope this helps!!
The first native tribe Christopher Columbus encounter were called " Santa Maria de la conception ".
<span>(1) No two people agree on just what would be "fair".
(2) Even if there were agreement, the people with political clout have no reason to want a "fair" system; they want a system that benefits them. There is a reason the Republicans have been pushing through tax cuts for the rich.
(3) The tax "system" includes all the taxes: local, state, and federal. If you want the entire system to be fair, it has to be changed as a whole, not piece by piece. And that would make it hard to start and hard to maintain (any change in tax rates would also have to be coordinated) </span>
