Why can growth lead to a more unequal distribution of income

Reference no: EM131302562

1. Why can growth lead to a more unequal distribution of income? By assuming this is true, how is it possible for the poor to benefit from economic growth?

2. According to the Bureau of Labor Statistics, productivity in the United States grew at an annual rate of 3.7 percent from 2008 to 2009. During this same time, real GDP in the United States declined by 2.5 percent. Explain how productivity can increase when real GDP is declining. 9. The data in the table below represents real GDP from 2006 to 2009 for five countries.

a. Calculate the growth rate in real GDP for all five countries from 2006 to 2007. Which country experienced the highest rate of economic growth from 2006 to 2007?

b. Calculate the growth rate in real GDP for all five countries from 2007 to 2008. Which country experienced the highest rate of economic growth from 2007 to 2008?

c. Calculate the growth rate in real GDP for all five countries from 2008 to 2009. Which country experienced the highest rate of economic growth from 2008 to 2009?

d. Calculate the average annual growth rate in real GDP for all five countries from 2006 to 2009. Which country experienced the highest average annual rate of economic growth from 2006 to 2009?

Reference no: EM131302562

Questions Cloud

Participate in supply chain decisions : Make a list of products you believe failed because of poor marketing channel choices and why - Why do marketing professionals care about and participate in supply chain decisions?

Explain the financial institutions and markets appropriate : Explain the financial institutions and markets appropriate for Salty Pawz needs. Describe available loan options and processes required for Salty Pawz to obtain funds to expand.

Competitiveness and inventory management : To be competitive, many fast-food chains expanded their menus to include a wider range of foods. Although contributing to competitiveness, this has added to the complexity of operations, including inventory management. In what ways did the expansi..

Identify specific training initiatives that would recommend : Design a training proposal and identify three specific training initiatives that you would recommend for these employees. Make sure to include in your proposal the expected outcomes for the three training initiatives.

Why can growth lead to a more unequal distribution of income : Why can growth lead to a more unequal distribution of income? By assuming this is true, how is it possible for the poor to benefit from economic growth?

Which countries around the world are growing more slowly : Which countries around the world are growing more slowly? Flip through the stories in The Economist to see if there is any explanation for the pattern that you observe. Write a brief essay on current general economic conditions around the world.

Explain importance of correctly stating objective function : Explain the importance of correctly stating the objective function and constraints in linear optimization problems. Using examples from your professional experience

What would you do if you were kerri : What would you do if you were Kerri? Why? Please elaborate on your reasoning.Stay with Medequip and hope that things will get better.Take the job offer from the competitor. Request a meeting with her sales manager and key sales-team members to ..

Importance of a project charter to the project manager : Describe the importance of a project charter to the project manager. How does a strong project sponsor and clear project scope apply to the overall success of a project?

User Account

All Pages