is netherlands experiencing a contractionary gap, an expansionary gap, or is the country producing at full employment gdp

Respuesta :

By the middle of the 17th century, the Dutch economy had the best quality of living in Europe (and perhaps the entire world), thanks in part to trade, an early industrial revolution (driven by wind, water, and peat), land reclamation from the sea, and an agricultural revolution.

A cash dividend is a sum of money distributed on a regular basis to The Industrial Revolution was the shift to new industrial techniques that took place in Great Britain, continental Europe, and the United States between roughly 1760 and 1820–1840. This transition encompassed the switch from manual to mechanical production methods, the invention of new ways for producing chemicals and iron, the expansion of steam and water power, the creation of machine tools, and the growth of the mechanized factory system. Production significantly rose, which led to an exceptional rise in population and population growth rate. In terms of employment, output value, and capital invested, the textile sector dominated the Industrial Revolution. The adoption of contemporary production techniques was also pioneered by the textile sector.

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