This essay focuses on implement to stimulate economic growth.Self-Check Question #6 What policies can the government of a free-market economy implement to stimulate economic growth.
Self-Check Question #6 What policies can the government of a free-market economy implement to stimulate economic growth?
Review Questions #16 How do gains in labor productivity lead to gains in GDP per capita?
Review Questions #19 What do economists mean when they refer to improvements in technology?
Critical Thinking Question #22 Over the past 50 years, many countries have experienced an annual growth rate in real GDP per capita greater than that of the United States. Some examples are China, Japan, South Korea, and Taiwan. Does that mean the United States is regressing relative to other countries? Does that mean these countries will eventually overtake the United States in terms of the growth rate of real GDP per capita? Explain.
Review Questions #11 If you are out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full-time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greeter at Wal-Mart are you considered employed or not in the labor force?Review Questions #14 What are some of the problems with using the unemployment rate as an accurate measure of overall joblessness?
Review Questions #16 Assess whether the following would be counted as “unemployed” in the Current Employment Statistics survey.
b. A manufacturing worker whose factory just closed down.
c. A college student doing an unpaid summer internship.
d. A retiree.
e. Someone who has been out of work for two years but keeps looking for a job.
f. Someone who has been out of work for two months but isn’t looking for a job.
g. Someone who hates her present job and is actively looking for another one.
h. Someone who decides to take a part time job because she could not find a full-time position.
Critical Thinking Question #42 Is it desirable to pursue a goal of zero unemployment? Why or why not?