Use the case to explain why international growth rates vary?
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The poem Bharat Desh has an interesting theme that raises awareness regarding the patriotism of a country.
The poem also highlights the responsibility of the citizens that they should take the name of their country with respect.
They should overcome their fears and troubles.
They should be kind to each other.
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❥An economic growth rate is the percentage change in the value of all of the goods and services produced in a nation during a specific period of time, as compared to an earlier period. The economic growth rate is used to measure the comparative health of an economy over time. The numbers are usually compiled and reported quarterly and annually.
❥In most cases, the economic growth rate measures the change in a nation's gross domestic product (GDP). In nations with economies that are heavily dependant on foreign earnings, gross national product (GNP) may be used. The latter takes into account net income from foreign investments.
❥An increase in the economic growth rate is usually seen as a positive. If an economy shows two consecutive quarters of negative growth rates, the nation is officially in a recession. To put it baldly, if an economy shrinks by 2% from the previous year, its overall population has experienced a reduction in income of 2% in that year.
❣︎KEY TAKEAWAYS❣︎
♥︎In the U.S. and most other nations, the economic growth rate is the change in the nation's gross domestic product.
♥︎The economic growth rate is tracked over time as an indicator of the general direction of a nation's economy.
♥︎Broadly speaking, increased demand leads to increased production and a higher economic growth rate.
Hope it helps♡︎
Mark my answer as brainliest :)
❥An economic growth rate is the percentage change in the value of all of the goods and services produced in a nation during a specific period of time, as compared to an earlier period. The economic growth rate is used to measure the comparative health of an economy over time. The numbers are usually compiled and reported quarterly and annually.
❥In most cases, the economic growth rate measures the change in a nation's gross domestic product (GDP). In nations with economies that are heavily dependant on foreign earnings, gross national product (GNP) may be used. The latter takes into account net income from foreign investments.
❥An increase in the economic growth rate is usually seen as a positive. If an economy shows two consecutive quarters of negative growth rates, the nation is officially in a recession. To put it baldly, if an economy shrinks by 2% from the previous year, its overall population has experienced a reduction in income of 2% in that year.
❣︎KEY TAKEAWAYS❣︎
♥︎In the U.S. and most other nations, the economic growth rate is the change in the nation's gross domestic product.
♥︎The economic growth rate is tracked over time as an indicator of the general direction of a nation's economy.
♥︎Broadly speaking, increased demand leads to increased production and a higher economic growth rate.
Hope it helps♡︎
Mark my answer as brainliest :)
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