Answer:
B) The GDP will increase because Nigeria will be able to produce more oil
Explanation:
The introduction of a new technology would result in an increase in the volume of crude oil being produced by the nation. This in turn will improve the net exports of the government which would increase the gross domestic product of the country.
Gross domestic product is the total market value of the goods and services produced by a country within a specified period. It is calculated by summing up consumption, investment, government spending, and net exports.
Answer:
B. decrease in imports
Explanation:
The formula to calculate GDP is: GDP = C + G + I + X - M
In that, C stands for consumer spending, G stands for government spending, I stands for investment, X stands for exports and M stands for imports.
As indicated in the formula, consumer spending, government spending, investment and exports are directly proportional with GDP. So that when there is a decrease in these factors it would result in a decrease in GDP as well.
Oppositely, import is inversely proportional with GDP, thus a decrease in import will lead to the increase in GDP, causing the economic growth.
Answer:
The correct answer is 3<em>) The plan resembled the British system of government</em>
Explanation:
The Philadelphia Convention is seen as one of the most important events in US history. By the end of the convention, all 13 colonies had agreed to a Constitution that would set the basis for the young country.
However, the convention is a long process with delegates from all over the country presenting their own vision and plans for how the country should run.
Alexander Hamilton's plan was based on a strong federal government and a lower and upper house. Lower house would be elected directly by the people, while the upper house would be composed of officials chosen by the elected members.
The plan was quickly dubbed as the "British Plan'' since it closely resembled the governance system of Great Britain. It was soon rejected by the convention on these basis.
States that a particle attracts every other particle in the universe using a force that is directly proportional to the product of their masses and inversely proportional to the square of the distance between their centers
<span> </span><span>Fact #1: The Civil War was fought between the Northern and the Southern states from 1861-1865.
<span>Fact #2: Abraham Lincoln was the President of the United States during the Civil War.
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