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creativ13 [48]
3 years ago
14

Using complete sentences, briefly describe the relationship between the GDP and the business cycle.

History
2 answers:
AlekseyPX3 years ago
6 0

Answer:

It is an important measure of the economy's overall health. The business cycle refers to the rise and fall of economic activity through periods of expansion and recession. ... Therefore, the GDP is the overall economic activity, and the business cycle is the ebbs and flows of the activity.

Explanation:

I hope that this helped you :D

tekilochka [14]3 years ago
4 0

Answer:

I did the practice, here's the sample response.

Explanation:

The Gross Domestic Product (GDP) is the value of all final goods and services produced within a country’s borders in a given year. It is an important measure of economy’s overall health. The business cycle refers to the rise and fall of economic activity through periods of expansion and recession. It reflects the ups and downs of the nation’s real GDP, and its cycles of expansion, peak, recession, and trough. Therefore, the GDP is the overall economic activity, and the business cycle is the ebbs and flows of the activity.

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Japan needed more land to feed its people, it turned to war for this. When they started attacking small nations no one was too worried. Then they went for bigger areas and the United States retaliated. It is said the U.S.A did nothing to stop Japan at the beginning, but they did. The United States embargoed Japan, this made even more complications in the Japanese empire. Japan later went on to attack Pearl Harbor and the Philippines as a result. Keep in mind, the only reason America embargoed japan was due to their aggressive expansion.

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