Instructions: _∙ Identify Each Item. Give an Explanation or Description of of the Item

question 53

Essay

Instructions:
_∙ Identify each item. Give an explanation or description of the item. Answer the questions who, what, where, and when.
Explain the historical significance of each item. Establish the historical context in which the
_∙ item exists. Establish the item as the result of or as the cause of other factors existing in the society under study. Answer this question: What were the political, social, economic,
and/or cultural consequences of this item?
-Johnson's Reconstruction plan

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Definitions:

Real GDP

Real Gross Domestic Product, accounting for the effects of inflation, calculating the total value of all goods and services generated by an economy in actual terms.

Stocks and Bonds

Are financial instruments where stocks represent ownership in a company and bonds are debt securities issued by entities to finance operations or projects.

Value Added

The increase in worth of a product or service as a result of a particular process.

Intermediate Product

An intermediate product is a product that might require further processing before it is ready for sale to the final consumer, often used as an input in the production of other goods.