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What is one of the major shortcomings of GDP as a measure of economic well-being?
excludes international transactions
What is one important measure of a country's economic health?
"Gross domestic product" is the most commonly used as is the % growth or decline in that number.A key driver of economic growth is the degree of corruption in the country. This correlates very highly with retarded growth in the future.
What is one of the benefits of increasing economic interdependence'?
Greater economic growth is one of the benefits of increasing economic interdependence.
How would you define the term 'economic growth'?
Economic growth is an increase in production levels of goods and services within a country. To measure and distinguish weather or not a country is growing, we need to observe the total amount of goods and services being produced in the country at the time, the real gross domestic product (GDP), and compare it to changes from one year to the next as a percentage. Common factors associated with economic growth are increases in capital stock, advances in technology, and improvement in the quality and level of literacy are considered to be the principal causes of economic growth.
Why is economic growth important goal of the US?
I'm trying to figure it out too.... It's either A) Americans have discovered that economic growth i the only way to achieve economic equity B) Americans have discovered that economic growth is needed to bettter satisfy the wants and needs of a growing population C) Economic growth leads to price stability One of those answers... >_<
What is one of the major shortcomings of GDP as a measure of economic well-being?
excludes international transactions
What is one important measure of a country's economic health?
"Gross domestic product" is the most commonly used as is the % growth or decline in that number.A key driver of economic growth is the degree of corruption in the country. This correlates very highly with retarded growth in the future.
What is Labor Productivity and how is it important to economic growth?
Labour productivity is defined by the OECD to be "the ratio of a volume measure of output to a volume measure of input" OECD Manual: "Measuring Productivity; Measurement of Aggregate and Industry-Level Productivity Growth. Labour productivity is important to economic growth because without it no one would be working.
One measure of industrial development in the South was the growth of?
One measure of industrial development in the South was the growth of industry
What is one of the benefits of increasing economic interdependence'?
Greater economic growth is one of the benefits of increasing economic interdependence.
The growth of towns was one factor in the growth o this economic activity?
commerce
What is on of the benefits of increasing economic interdependence?
Greater economic growth is one of the benefits of increasing economic interdependence.
What is one of the benefits of increasing interdependence?
Greater economic growth is one of the benefits of increasing economic interdependence.
What do economic indicators do?
One thing that economic indicators measure is the unemployment rate.
How would you define the term 'economic growth'?
Economic growth is an increase in production levels of goods and services within a country. To measure and distinguish weather or not a country is growing, we need to observe the total amount of goods and services being produced in the country at the time, the real gross domestic product (GDP), and compare it to changes from one year to the next as a percentage. Common factors associated with economic growth are increases in capital stock, advances in technology, and improvement in the quality and level of literacy are considered to be the principal causes of economic growth.
What is one of the ways that it can attract entrepreneurs and business investments while creating positive economic growth?
Suppose the federal government is trying to create initiatives that will create economic growth. What is one of the ways that it can attract entrepreneurs and business investments, while also creating positive economic growth?
Why is economic growth important goal of the US?
I'm trying to figure it out too.... It's either A) Americans have discovered that economic growth i the only way to achieve economic equity B) Americans have discovered that economic growth is needed to bettter satisfy the wants and needs of a growing population C) Economic growth leads to price stability One of those answers... >_<
