which of the following summarizes the impact of population growth on the labor market? course hero

How do follower countries achieve high rates of economic growth?

Which of the following summarizes the impact of population growth on the labor market? A.) This will increase the labor supply, reduce the equilibrium wage, and increase the quantity of labor ...

Which supply factors are apart of the “determinants of economic growth?

Which of the following summarizes the impact of population growth on the labor market? A. There will be an increase in the demand for labor. As a result, the wage rate will rise and the quantity of workers supplied will decrease. B. There will be an increase in both the demand for labor and the supply of labor.

What is the most important factor in US economic growth?

Decreased living standards in some of the poorest countries. Over the last decade, the world has experienced: A. Decreased living standards in some of the poorest countries. B. Increased living standards in all countries. C. Growth in output for all countries. D. Improvements in technology but little change in output. Production possibilities.

How does labor productivity affect economic growth?

If 1% of the population has 70% of the wealth, while the other 99% of the population has the remaining 30% of the wealth, GDP _____. ... All of the following can impact the demand for new workers in the labor market, except: unemployment benefits.

What is included in the calculation of a nation's gross domestic product?

The computation of a nation's gross domestic product includes the final price of all goods (which already includes the value of all the intermediate goods used to produce them).

What are the three macroeconomic goals?

none of the above scenarios reflect the goals of macroeconomic policy; The three goals of macroeconomic policy are economic growth of 3% or more, unemployment rates of 5% or lower, and inflation rates of 1−2%.

What happens if each stage of the production cost is reported as a final product value?

If each stage of the production cost is reported as a final product value, then the cost of the raw materials plus the value-added by the manufacturer would be more than the selling price of the final good.

What is GDP in economics?

GDP is the current value of all final goods and services produced in a nation in a year. What are final goods? goods at the furthest stage of production at the end of a year.

Does GDP include healthcare?

GDP includes what a country spends on healthcare, but does not measure actual levels of health in the country.

Does GDP account for quality changes?

GDP does not account for changes in the quality of goods.

Does GDP ignore social aspects of life?

GDP ignores all social aspects of life.

Why has economic growth occurred?

A. Economic growth has occurred because of increased length of the workweek.

When did economic growth begin?

A. Economic historians mark modern economic growth as beginning around A.D. 1500.

Which country had higher annual rates of growth than France?

A. the United States had higher annual rates of growth than France from 1960 through 2007.

Why did the Southern states threaten to secede from the Union?

Southern states threatened to secede from the Union if Congress passed any laws that harmed slave owners.

Who could organize and overthrow their white owners, who were in the minority?

Slaves could organize and overthrow their white owners, who were in the minority.

What did the Southerners do to the Union?

Southerners began to abandon their Free-Soil positions and threatened to leave the Union. Northern abolitionists proposed a constitutional amendment to outlaw slavery in the entire United States. For Northerners, the law confirmed that elite slave owners had undue influence on the federal government.

Did slaves realize how much their owners feared rebellions?

Slaves didn't realize how much their owners feared rebellions.