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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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Patricians were the upper class of Ancient Rome. They claimed to be descendants of the families who founded Rome or who settled there shortly after it was founded. As a consequence of their antiquity in the Roman nation, as well as their status of being original from Rome and not from conquered or annexed peoples, the Patricians originally held most of the political and economic power in Ancient Rome. Thus, they practically controlled to their pleasure the decisions of the Senate, and they handled the appointments of the consuls and other positions of power. This was so until the outbreak of the Patrician-Plebeian War, which ended up granting equality to both social classes through Lex Hortensia in 287 BC.

For their part, the Plebeians were Roman citizens who had civil rights under Roman law, but who had no political power or strategic economic importance. Some of them owned land, inherited from their ancestors, but had no greater wealth than some businesses. They were the lowest free class in Ancient Rome, only above slaves and free non-citizens.

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