Answer:
- Many Farmers sold their Land and Farming equipment ( B )
- Many Farmers borrowed money against the profits of future crops ( D )
Explanation:
These farming practices were very bad practices that lead to economic downturns because it resulted mostly to drastic reduction of agricultural produce and availability of food in the open market which might lead to importation of food that would have been produced locally and add to the country's GDP.
Farmers selling off their Land and Farming equipment is not a good farming practice because it means that the farmer is no longer into farming leading to decrease in potential agricultural produce in the market.
Farmers borrowing money against the profits of his future crops is a very bad farming practice because the profits were supposed to be used to invest into the farm and not to service loans.
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:
Explanation:
The Native Americans believed that nobody owned the land. Instead, they believed the land belonged to everybody within their tribe. The Europeans, on the other hand, believed that people had a right to own land. They believed people could buy land, which would then belong to the individual.
