MACRO ECON 6
6th Edition
ISBN: 9780357689820
Author: MCEACHERN
Publisher: CENGAGE L
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Chapter 8, Problem 5P
To determine
Impact of technological change on
Introduction: Technological unemployment is the loss of jobs caused by technological change. Such change typically includes the introduction of advanced machines which saves labor hours. The change in technology can cause short-term job losses.
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Section III: Empirical Findings: Descriptive Statistics and inferential statistics………………..40%
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Section III: Empirical Findings: Descriptive Statistics and inferential statistics………………..40%
Descriptive statistics provide details about the Y variable, based on the sample for the 10-year period. Here, you use Excell or manually compute
Mean or the average income per capita. Interpret the meaning of average income per capita.
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Chapter 8 Solutions
MACRO ECON 6
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