If real GDP falls from one period to another, we can conclude that:
<u>deflation occurred.</u>
Real GDP adjusts the level of output for any potential price adjustments that may have occurred over time; nominal GDP adjusts the level of output for changes in the price level using prices from a base year (constant prices) rather than the "current prices" used in nominal GDP.
The GDP deflator is a price index that tracks the average prices of all finished products and services produced inside a country's boundaries over time. It is used to adjust nominal GDP to determine real GDP.
So when the real GDP falls it can be concluded that deflation has occurred in the economy that is fall in prices .
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People's personal desire to pursue high standards and significant accomplishments is an indicative of achievement motivation.
<h3>What is an
achievement motivation?</h3>
This refers to the personal need for excellence and accomplishment not minding the rewards it may offered after the achievement has been met.
Hence, the People's personal desire to pursue high standards and significant accomplishments is an indicative of achievement motivation.
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<span>The answer is letter A: Autocracy. Absolute monarch is closely similar to autocracy. Autocracy is like dictatorship, wherein it is considered to be a system of the government wherein absolute power is given to one person only, an example of this is Adolf Hitler and Ferdinand Marcos ruling system</span>
B- Social conservatism<span> is a group of </span>political<span> ideologies centred on preserving traditional </span>beliefs<span>, attitudes and philosophy, in the face of </span>social<span> progressivism.</span>
