Chapter 9: Q.c - For Critical Thinking (page 198)
Who benefits from the exclusion of skilled foreign workers?
Short Answer
The local population and workforce and the government benefits from the exclusion of skilled foreign workers.
Chapter 9: Q.c - For Critical Thinking (page 198)
Who benefits from the exclusion of skilled foreign workers?
The local population and workforce and the government benefits from the exclusion of skilled foreign workers.
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Get started for freeConsider Figure 9-7, and suppose that we round the rate of growth of per capita real GDP experienced in the European Union between 1981 and 1990 to the nearest full percentage point. Based on the information in Table 9-3, by what percentage would per capita real GDP has increased between 1990 and 2020 if the economic growth rate will have remained at this rounded level?
Consider Figure 9-8. According to rule of 70, about how many years would have been required for US per capita real GDP to double if it had remained at the average level observed between 1961 and 1980 ? Between 2001 and 2017 .?
In the situation described in Problem , suppose that vocational training during the past year enables the people of this nation to repair all capital goods so that they continue to function as well as new. All other factors are unchanged, however. In light of this single change to the conditions faced in this nation, will the nation's economic growth rate for the current year be negative, zero, or positive?
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Define economic growth and recognize the importance of economic growth rates.
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