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.
3) mounds containing the remains of cities
4) bits of pottery and clay
5) ancient writing
Theodore Roosevelt was an imperialist and supported it because he was interested in the US maintaining its power for racial reasons. He believed that the white race was the most dominant over everyone else.
Ida B. Wells-Barnett ( 1862 – 1931) was an African American woman who was an investigative journalist and a leader of the civil rights movement in America. She displayed the unjust treatment of the blacks and especially the lynching of black people at that racially divided time. She was one of the founders of the NAACP.
<u>The unique challenges she faced in fighting for the rights of African American women:
</u>
- Her newspaper and press were destroyed by a white mob
- She was continually threatened to be killed so she had to move from Memphis to Chicago
- She had to face public disapproval for her fight in the women’s suffrage movement
Answer:
On July 27, 1793, Robespierre was elected to the Committee of Public Safety, which was formed in April to protect France against its enemies, foreign and domestic, and to oversee the government. Under his leadership, the committee came to exercise virtual dictatorial control over the French government.
