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:
Mentality of the men about women.
Explanation:
One thing or situation in my community or country that I would like to change at the moment is the believe about the status and importance about women. In our society women are treated as item but they are more than item, they are humans having feelings. Without these women our society will not stand for a second so I want to change the mentality of the men about women.
Did not give blacks a chance to escape slavery
Well one way they where effected was with the geography and lay of the land many villages could not interact with each other easily. This caused trouble for villages cause their was some places with material that others could not get to without trade.
