How can GDP per capita and poverty rates indicate standards of living in each system? [They can indicate standards of living in each system because GDP per capita is generally lower, and poverty rates are generally higher, in countries with lower standards of living.]

Write out a reference sheet. document your findings. use a presentation to show the findings. give a detailed outline to each individual.

In financial aspects, a depression is a sustained, long haul downturn in monetary movement in one or more economies. it is a more extreme monetary downturn than a recession, which is a slowdown in financial action through the span of a typical business cycle. a depression is an irregular and extreme type of recession. so depression is always followed by recession but it is not correct to state that a depression always follow a recession.