The economic growth rates gives information on how fast the economy is growing,and is calculated by comparing the economic output (measured as the Gross Domestic Product or GDP) of two subsequent periods.
<u>The two main determinants of GDP/economic growth are:</u>
- Productivity increases caused by more efficient use of inputs (labor, capital) and implementation of innovation.
- Accumulation of physical capital
<u>Effects of economic growth</u>
- Larger amount of goods and services are available in the country and ready for consumption
- High employments levels, as workers are necessary to manufacture that large quantity of goods and services. As GDP has grown, so have done employment figures.
- More employment brings boosts on aggregate demand and generate further growth as business will keep on trying to serve the whole demand.
- As demand grows it is quite likely that prices do so too, therefore economic growth would increase the inflation rate (not necessarily a problem if such growth is not too large and remains stable).
- Productivity increases and implementation of innovations make national firms more efficient and competitive in the international markets.
Answer:
hmm I don't know-how to explain
C: had seen Islamic influence driven from the region by the joint French-Dutch “light” campaign
The majority of the Exodusters migrated to Oklahoma, Colorado, Ohio, Nebraska, North Dakota, South Dakota, New Mexico, Arizona after the Civil war.
<h3>Who are the Exodusters?</h3>
These refers to the African American migrants that left the South Region of U.S. after the Civil War to settle in the states of Colorado, Kansas, and Oklahoma.
Hence, the majority of the Exodusters migrated to Oklahoma, Colorado, Ohio, Nebraska, North Dakota, South Dakota, New Mexico, Arizona after the Civil war.
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This was known as the "iron curtain." It was a term used to describe the boundary in Europe, which formed at the end of WWII and lasted until the ending of the Cold War.