The Unites States has a higher gross domestic product when compared to other developed countries
Gross domestic product is an economic indicator that represents the value of all goods and services produced by a country during a given period (usually one year) used to measure the wealth that a country generates.
For example, in 2019, the GDP of the United States was about 21.4 trillion dollars, while the GDP of other developed countries such as China was about 14.3 trillion dollars, and Japan had a GDP of about 5 trillion dollars. From the above, it can be United States has a higher gross domestic product.
On the other hand, United States does not have the highest standard of living because countries such as finland have a higher standard of living, still United States has a relative unemployment rate and its economy is based in the gold standard.
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Watt aided the Industrial Revolution even more when he discovered a way to make a steam engine turn in circles. This made it possible to use steam engines for purposes other than pumping water out of coal mines. As a result, Watt aided the Industrial Revolution by making steam power far more useful for driving machinery.
In clearer terms, James Watt aided the Industrial Revolution by improving the Newcomen steam engine, resulting in a new, more efficient engine.
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Answer:
This borrowing may have a negative impact by crowding out private investment.
Explanation:
When the government goest into deficit spending to stimulate the economy in times when the economy is slowing down, what happens is that the government now demands more loanable funds: it demands a higher proportion of the savings in the economy in the form of government bonds.
This higher government demand for loanable funds crowds out private investment for two reasons:
- It raises the interest rate, making private investment more expensive.
- It reduces the amount of loanable funds available for the private sector (because it takes over a larger share of them).
Answer:
The Jews forcefully invaded Palestine. It all happened in 1967. When Palestine was formed in 1948.
you may add something as " Free Palestine " as you wish.
