They often specializes in some particular area of reponsibility
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:
With anger
Explanation:
The colonists got mad at Britain, and the King was mad because he saw the fact Britain was in debt as the colonists fault, so he thought it was fair to tax them.
Answer:
it persuaded many Americans to take up arms and support or join the war for independence.
I think the answer is A. The Babylonians put more value on art, and the Assyrians focused heavily on warfare. I think this because the paragraph says the Assyrians are skilled warriors+goes on to talk about military advancements and it says the Babylonians had great art.
