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For example, with an annual growth rate of 4.8% the doubling time is 14.78 years, and a doubling time of 10 years corresponds to a growth rate between 7% and 7.5% (actually about 7.18%). When applied to the constant growth in consumption of a resource, the total amount consumed in one doubling period equals the total amount consumed in all ...
Jaromir Benes and Michael Kumhof of the IMF Research Department, argue that: the "deposit multiplier" of the undergraduate economics textbook, where monetary aggregates are created at the initiative of the central bank, through an initial injection of high-powered money into the banking system that gets multiplied through bank lending, turns ...
The earlier term for the discipline was "political economy", but since the late 19th century, it has commonly been called "economics". [22] The term is ultimately derived from Ancient Greek οἰκονομία (oikonomia) which is a term for the "way (nomos) to run a household (oikos)", or in other words the know-how of an οἰκονομικός (oikonomikos), or "household or homestead manager".
AD 69 – In the Second Battle of Bedriacum, troops loyal to Vespasian defeat those of Emperor Vitellius. [1]1260 – Chartres Cathedral is dedicated in the presence of King Louis IX of France.
With only 0.3% of the world's population, Australia contributed 4.1% of the world's published research in 2020, making it one of the top 10 research contributors in the world. [ 350 ] [ 351 ] CSIRO , Australia's national science agency, contributes 10% of all research in the country, while the rest is carried out by universities. [ 351 ]
Lal Bahadur Shastri (pronounced [lɑːl bəˈɦɑːd̪ʊɾ ˈʃɑːst̪ɾiː] ⓘ; born Lal Bahadur Srivastava; 2 October 1904 – 11 January 1966) was an Indian politician and statesman who served as the 2nd Prime Minister of India from 1964 to 1966.
The 2022 projections from the United Nations Population Division (chart #1) show that annual world population growth peaked at 2.3% per year in 1963, has since dropped to 0.9% in 2023, equivalent to about 74 million people each year, and could drop even further to minus 0.1% by 2100. [4]
It has been estimated that there are 10 million to over 20 million (~0.5–1% of all Muslims) Alevis worldwide. [ 371 ] Quranism is a religious movement of Islam based on the belief that Islamic law and guidance should only be based on the Quran and not the sunnah or Hadith , [ 372 ] with Quranists notably differing in their approach to the ...