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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Answer:
List three ways that Islamic love of learning influenced West Africa. Timbuktu became a center of learning with many universities. Local schools were set up where children could learn the Qur'an. Muslims' love of books led to the development of large libraries.
Explanation:
Answer:
<em>It advocated Independence for the American Colonies from Britain.</em>
Explanation:
Answer:
YES
Explanation:
According to psychology experts such as Dr. John Dovidio, this is a form of unconscious racism. One may not discriminate in a situation where right and wrong are clearly stated but due to inner bias would discriminate in situations where there are no clear cut rules.
Based on the fact that Esperanza was predicted and expected to do poorly in a math class. At the <em>end of the semester</em>, Esperanza got an F in math. This is an example of
- A self fulfilling prophecy
<h3>What is a Prediction?</h3>
This refers to future forecasts which are done by a person concerning a particular event and the projections which are expected.
With this in mind, we can see that Esperanza was predicted to fail and do very poorly at maths and at the end of the semester, her expectations came to pass and this is an example of self fulfilling prophecy.
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