What happens to the economic growth if the unemployment rate increases

Q: Find the growth rates of the trend below and interpret

A: Answer is given below

Q: |Population,Year 1 and Year 2 (Millions) Growth Rate Real Real GDP per Capita, Year 1 Inflation GDP…

A: (a)-$54,500 we have given, Real GDP per capita of year 1 = $50000 also population (N) = 300 million,…

Q: real GDP

A: GDP or gross domestic product is the value of the goods & services that are produced within the…

Q: Mexico's real GDP was 14,461 billion pesos in 2016 and 14, 702 bilion pesos in 2017 Mexico's…

A: Real GDP growth rate shows the  a percentage that shows the rate of change in a country's GDP  ,…

Q: Which one of the following is the most accurate description of growth theory? A) Growth theory…

A: Growth Theory:- The classical growth theory says that the growth of economy will reduce or end due…

Q: Why do poor countries often exhibit much stronger growth rates than rich countries ?

A: Poor countries are those which have low GDP, which have recently become independent. There are…

Q: Why is the long run U.S. economic growth rate slowing?

A: The US market has been growing at a rate that hasn't been witnessed in decades.

Q: what aggregate production function elements are most important in bringing about growth in GDP per…

A: GDP (Gross Domestic Product): It shows the production of goods and services in an economy which is…

Q: What happens to the economic growth if the unemployment rate is too high

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

Q: What would be the effect of each of the following events on actual and potential economic growth?…

A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…

Q: Studies about the effects of population growth on the economy are part of macroeconomics. True or…

A: Study of economics is broadly divided into 2 streams. One is microeconomics and another one is…

Q: Which of the following causes economic growth? (A A decrease in the money supply A decrease in the…

A: * SOLUTION :-  (7)   From given information  The OPTION E is correct answer.

Q: Which is NOT a source of productivity growth?

A: Firms try to increase productivity with various method.

Q: What creates or stimulates the rate of economic growth in the economy, in macroeconomics

A: In macroeconomics, the rate of economic growth comes from the demand side and supply side.…

Q: Explain the difference between long-run and short-run economic growth!

A: In an economy, economic growth is explained in two different periods such thay short-run and…

Q: Calculate the real GDP growth rate for 2019, if real GDP in 2018 is 500 Euros and real GDP in 2019…

A: GDP is the value of final goods and services produced in the country.

Q: balanced growth

A: Economic growth implies increase in production of goods and services. Increase in human capital,…

Q: The economy experiences faster economic growth: a)Inflation decreases b)Inflation increases…

A: Economic growth represents a market behavior under which an economy is able to generate more income…

Q: According to 2019 data, Japan will continue to be the most aged country in the world until 2050.…

A: In Japan, it is said thatthe labor force will decrease by 13 million by 2040.

Q: Explain why a fall in economic growth could lead to a rise in unemployment. Use a diagram to support…

A: Economic growth: It is the measure of the rise in the production of goods and services over a…

Q: Explain the different ways in which inequality can affect growth. Highlight any existing empirical…

A: Inequality refers to an economic phenomenon under which there exists unequal distribution of…

Q: Long-run economic growth can occur as a result of

A: Economic growth occurs as a result of increase in GDP.

Q: In 2020, the GDP was approximately $20 trillion.  If GDP is expected to double in 20 years, what is…

A: Given  GDP in year 2020 = $20 trillion  It is expected to double in the next 20 years  It means that…

Q: WHAT ARE ALL THE SOURCES OF LONG TERM ECONOMIC GROWTH

A: Economic Growth is referred to as increase in the production of various goods and services in an…

Q: Two ways in which the manufacturing sector can contribute to economic growth

A: Economic growth is a rise in the level of services and goods that are sustained over a long period…

Q: Describe Factors that may hinder economic growth

A: Economic growth refers to a rise in the production of economic goods and services, compared from one…

Q: Explain the consequences of both too low and too high a growth rate

A: Economic growth refers to the increasing production activities in a country over a specific period…

Q: Brazil’s real GDP was 1,520 trillion reais in 2011 and 1,585 trillion reais in 2012. Brazil’s…

A: GDP: The GDP or the gross domestic product can be defined as the value of the final goods and…

Q: During the course of the twentieth century, the average workweek in the United States has gotten…

A: The total monetary or market value of all finished goods and services produced within a country's…

Q: Governor Mitch Daniels advocates that the government intervene less in business to promote jobs and…

A: Supply-side Economics The macroeconomic view of supply-side economics is conservative and…

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

A: Economic growth is the expansion of output and income of an economy. Unemployment rate is the rate…

Q: Why might it be necessary to reduce consumer spending in order to attain faster economic growth?…

A: Sustainable economic growth implies a rate of growth that, particularly for future generations, can…

Q: Explain what policies can a government undertake to achieve faster economic growth?

A: In an economy, faster economic growth can be achieved to improve the overall efficiency of markets…

Q: Which of the following would not necessarily lead to long-term economic growth

A: A rise in the output of goods and services in an economy is referred to as economic development.…

Q: List as many causes of economic growth

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

Q: What information does this fact give us about the growth rates of other variables?

A: Real GDP per person refers to the national income of the country in real terms divided by the…

Economic Growth

It means the rise in the manufacturing levels of a country’s products/services over a while. It is calculated in terms of the real income of the people of the country. When the production of products/services begins, the manufacturers will hire employees, which in turn raises the income of the people and it will also raise the buying power, this eventually leads to the circulation of money that directly helps in the increase in the Gross Domestic Product (GDP). Thus, GDP is calculated by economists to calculate the growth in the country.