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.
The Republican. Because I wouldn't think its the democrat and it cant be the whig so it has to be the republican.
<span> face-to-face sessions among the Great Powers of </span>Austria<span>, </span>Britain<span>, </span>France<span>, </span>Russia<span>, and sometimes Prussia, with limited or no participation by other delegates.</span>
Answer:
Transportation and the ability for factories to be located anywhere
Explanation:
The steam engine allowed for people to travel farther faster and well as gave factories the ability to be located anywhere and not near the source of water to get supplies.
Slavery was a key issue in the admission of states into the union. states had to be admitted in pairs, free states and slave states, in order to maintain balance in the union. It was agreed that offsetting the balance would escalate the tension regarding slaverly and tear apart the union.
