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Whats is included within the global economy?
Like the economy of individual nations, the world's economy is measured by GDP, or gross domestic product. In 2012, the global GDP was 71.83 trillion U.S. dollars.
What describes the part of the US' role in the global economy?
The US is interconnected with other parts of the world. Therefore, when our economy is doing poorly it reflects on the economies of other countries as well.
Why did economists invent the term stagflation to describe the economic problems in the United States during the 1970?
to describe a situation caused by a weak economy and rising prices
Match the theme of geography in column 1 with the characteristic of global citizenship in column 2 A Human-environmental interaction Understand how global trade affects a regional economy B Movem?
The correct answers are: Human-environmental interaction: Understand how people have affected the landscape; Movement: Understand how global trade affects a regional economy; Place: Appreciate how people feel about their homelands; Location: Estimate how long it might take to fly to another city.
Which statements below best describe the state of the Southern economic infrastructure during the Civil War?
Ample foreign trade bolstered the economy.
