User Account

All Pages

Does productivity growth increase unemployment

Assignment Help Other Subject
Reference no: EM13746885

QUESTION 1:

Consider this statement: ‘When the average level of prices of goods and services rises, the inflation rate rises. ' Do you agree or disagree with this statement? Explain.

QUESTION 2:

The following table shows data on the Australian economy in 2007 and 2013.

 

2007 (%)

2013 (%)

Unemployment rate

4.25

5.8

Inflation rate

3.0

2.2

Economic growth rate

4.3

2.3

(i) Define and explain how these three key economic indicators are calculated.

(ii) Consider the data for 2007 and 2013 and comment on the changes in terms of whether they are good for the economy or not.

(iii) What are some of the reasons why there is such a significant decline in growth rate?

QUESTION 3:

"Does productivity growth increase unemployment and therefore reduce economic wellbeing?"

Given the outcome of the scenario that you have just read, where the community is no worse off than before but it is no better off either, can you think of alternative actions that the little island community could have taken to make use of the potentially very beneficial, but socially disruptive new technology? What could have happened to the community's economic well-being if such actions were taken? How could short-term transitional costs be handled?

Verified Expert

Reference no: EM13746885

Questions Cloud

Represent a cause-and-effect relationship : Which of the following does NOT represent a cause-and-effect relationship?
Execute tasks associated with the recruitment cycle : This assessment project is to be completed in addition to the learning and assessment activities you complete in class. The project is designed to assess the knowledge and skills you have to execute tasks associated with the recruitment cycle.
Capital budgeting and capital structure : Discuss two (2) pros and two (2) cons of a business applying different capital budgeting techniques when it is faced with making wealth-maximizing decisions around investing corporate funds.
How did the war of 1812 affect the us industry : How did the war of 1812 affect the US industry?
Does productivity growth increase unemployment : Does productivity growth increase unemployment and therefore reduce economic wellbeing - ‘When the average level of prices of goods and services rises, the inflation rate rises. ' Do you agree or disagree with this statement? Explain.
Weird organisms : Weird Organisms-The living organisms that exist upon the earth exhibit a wide array of physical, chemical, and behavioral variation
Write an essay on involving impressionists : Write an essay on Involving Impressionists and Post-impressionists.
Nike sustainable strategy : From the e-Activity, evaluate the success of Nike's global network structure in terms of centralization of authority and horizontal differentiation.
Analysis of the cause of defects in production : The Door Company manufactures doors. Classify each of the following quality costs as prevention costs, appraisal costs, internal failure costs, or external failure costs. Analysis of the cause of defects in production

Reviews

Write a Review

Other Subject Questions & Answers

  Which cup is most likely to hold the coin

You decide to play a game with your friend where your friend places a coin under one of three cups. Your friend would then switch the positions of two of the cups several times so that the coin under one of the cups moves with the cup it is under. Yo..

  What are the two interlocking theories

What are the two interlocking theories that are proposed for the formation of the solar system? Give three examples of how the condensation theory explains features in our solar system. How did the temperature structure of the solar nebula determine ..

  Is there a difference in time frame as to when industrialism

Is there a difference in time frame as to when industrialism began in America as compared to when the Industrial Revolution in America itself began in the United States? Or are these two particular events in America one of the same and, therefore, so..

  Describe how native american traditional music

Describe how Native American traditional music in Latin America is different from Native American music in the USA. Be clear about specific areas and instruments you are discussing

  Tempature of gas affects its volume

keisha wants to measure how the tempature of gas affects its volume. Explain which variable she should change, which variable she should measure, and which variable she should hold constant during her experiment

  Can you think of recommendations or examples of big

what would your recommendation be regarding oil drilling in the arctic national wildlife refuge? why? can you think of

  Under the federal sex offender registration

Under the Federal Sex Offender Registration and Notification Act, sex offenders must register and update their registration as sex offenders when they travel from one state to another.

  Knowledge of professional development for educators

Choose an artifact that you will you use to reflect on your knowledge of professional development for educators (professional development training, strategies to engage learners, effective communication skills, meetings, and etc.).

  Assumptions-critical thinking and logic

Critically discuss the essential components of a logical argument? Explain the meaning of validity, truth, and soundness as they relate to the area of logical syllogisms?

  Embryonic development includes-negative feedback loops act

Embryonic development includes all of the following except. Random changes in gene frequency that occur in small populations describes the concept of. Negative feedback loops act to. On a molecular level, all organisms

  Define the three broad purposes for performance management

define the three broad purposes for performance management and provide an example of a situation that relates to each

  Discuss the psychological impact of puberty

Puberty, physical growth, brain growth in adolescence and sexual maturation are signs of physical maturation. discuss the psychological impact of puberty?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd