How do you determine a positive relationship between economic growth and unemployment.

Q: What is worker productivity when it comes to economic growth? How can we express this productivity?…

A: Worker productivity is the number of workers divided by output.It denotes the efficiency of workers.…

Q: Consider a closed economy. Do we observe changes in total factor productivity? How are they…

A: A closed economy refers to an economic system that operates independently without engaging in…

Q: What are at least nine determinants of economic growth.   Discuss at least two of them in detail.

A: Economic growth implies an increase in the natural level of output, which is the long run output of…

Q: With regards to economic growth, can Foreign Direct Investment (FDI) affect poverty? and how?

A: FDI straightforwardly advances economic development without anyone else as well as by implication…

Q: What is productivity and why is it an important determinant of economic growth?

A: In economics, the economic growth of an economy depends upon various determinants and productivity…

Q: technological advancement create unemployment

A: Technological advancement refers to the changes that have been brought in the process of production.

Q: Explain how a technological advancement in one sector of the economy can lead to a change in the…

A: Answer - Technological advancement in one sector of the economy can lead to change in the number of…

Q: What is the impact of productivity growth on a nation's inflation rate or level

A: Inflation rate: It means a general rise in the price level in an economy over a period of time.

Q: In 2010 USA had 100 people and RGDP was $100. In 2011, USA had 102 people and RGDP was $103. What is…

A: The number of people in the economy is given to be 100 in the year 2010 and the number increases to…

Q: what is the impact of economic growth and per capita income measurements.

A: Answer:- Оkun's  lаw  investigаtes  the  stаtistiсаl  relаtiоnshiр  between  а  соuntry's…

Q: Modern economics growth was made possible by

A: The definition's three components are all critical. Economic growth can be characterised as a…

Q: How is the indian economy doing? What is the growth rate of the real GDP? What is the trend in this…

A: The Indi economy was considered as one of the fastest growing economies of the world along with the…

Q: What is the implication of economic growth for our economy , society and environment?

A: Economic growth occurs when the production of goods and services in the economy rises. It can be…

Q: Show graphically and explain how a rise in labor productivity affects the real wage rate.

A: Higher productivity refers to an increase in the real output per hour. This means labor is able to…

Q: What are the effects of an increase in labor productivity on potential GDP, the quantity of labor,…

A: Gross Domestic Product is the total amount of goods and services that an economy can produce within…

Q: What policies should the United States pursue to encourage economic growth? In what ways do these…

A: Introduction Compared to a prior period, economic growth is a rise in the production of products and…

Q: Understanding of growth is important because it means that the country wants to grow in which region…

A: Economic growth refers to an increase in the value of goods and services produced in the economy…

Q: An article in the Wall Street Journal observes: “For 2008, productivity grew an astounding 2.8% from…

A: Labor productivity is the ratio of the total output to the total labor hours.

Q: 1. What are growth indicators, how can we measure them

A: Growth indicators are the indicators that show how the economy is performing in a specific time…