Considering the above statement, the person that is most likely to be the author is Thomas Paine.
Thomas Paine is known as the Author of Common Sense in 1776 towards the American War of Revolution.
He was known for being a political activist who constantly challenged the supremacy of the British over the American colonies.
He claimed many times that America needs to be on its own and free from Great Britain.
Given that this excerpt challenges the advantages gained from Great Britain by North America, this reflects the continental mind of Thomas Paine.
Hence, in this case, it is concluded that the correct answer is Thomas Paine.
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Answer:
<h2>National Benchmark Teats</h2>
<span>Since you live in close quarters with 30 other "brothers" in the fraternity house, you take preventive measures to help prevent getting sick from the cold virus.
These preventive measures include wearing masks, avoid inhaling droplets from the brothers of fraternity house as well as taking vitamins to boost immunity. </span>
If real GDP falls from one period to another, we can conclude that:
<u>deflation occurred.</u>
Real GDP adjusts the level of output for any potential price adjustments that may have occurred over time; nominal GDP adjusts the level of output for changes in the price level using prices from a base year (constant prices) rather than the "current prices" used in nominal GDP.
The GDP deflator is a price index that tracks the average prices of all finished products and services produced inside a country's boundaries over time. It is used to adjust nominal GDP to determine real GDP.
So when the real GDP falls it can be concluded that deflation has occurred in the economy that is fall in prices .
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