<u>Answer:</u>
Real GDP can be used to accurately calculate growth in any given financial year.
<u>Explanation:
</u>
- The Nominal GDP of an economy does not take into consideration the depreciation of the goods and services or the inflation prevalent in the economy.
- Not calculating the depreciation or the inflation occurring in the prices of goods and services shows an increased growth rate which is actually deceiving.
- The Real GDP provides for the deduction of all such factors and gives out the accurate value of growth occurred.
The French and Indian War began in 1754 and ended with the Treaty of Paris in 1763. The war provided Great Britain enormous territorial gains in North America, but disputes over subsequent frontier policy and paying the war's expenses led to colonial discontent, and ultimately to the American Revolution.
The fall of Rome in 476 was the result of more than a hundred years of civil wars and general instability that had already seen the empire divided into two, in 476 the Lombards invaded and sacked the city of Rome, deposing the last emperor and sending his crown to the eastern emperor (the eastern empire would last until 1453).
The short term effects include the establishment of the Lombards in Italy, the most important region of the old Empire, and the rise of many roman-germanic kingdoms. The long term effects include the ruralization of europe, with many people leaving the cities, and the rise of serfdom, a middle term between slavery and freedom.