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Naily [24]
2 years ago
6

In each instance record the GDP adjusted for PPP

History
2 answers:
Salsk061 [2.6K]2 years ago
8 0
To makes PPP adjustment for comparing GDP we build a basket of comparable goods and services and look at the prices of that basket in different countries. Purchasing Power parity is the exchange rate needed for say $100 to buy the same quantity for products in each country
andriy [413]2 years ago
5 0
To make a PPP adjustment for comparing GDP we build a basket of comparable goods and services and look at the prices of that basket in different countries. Purchasing Power Parity is the exchange rate needed for say $100 to buy the same quantity of products in each country.
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How did the demand for salvor labor changes as the value of tobacco increase?
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As the value of tobacco increased, the change in the demand for slave labor that was seen was that the demand increased.

<h3>Why did the demand for slave labor increase?</h3><h3 />

As the price of cash crops like cotton and tobacco increased, there was more need for laborers in the field to work at a cheap rate. As a result, the demand for slave labor rose dramatically which led to a significant portion of the population in the South being enslaved people.

Tobacco was such a profitable product but it needed a large number of labor to be able to properly profit. As the demand from England and other European countries grew, more enslaved people were captured and brought to the Americas where they worked in plantations all over from the British colonies to the Caribbean.

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Find out more on the influences on the demand for slave labor at brainly.com/question/3152651

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