Economics, Economic Growth
Between 2008 and 2009, the US economy _____ the same .Between 2008 and 2009, GDP changed by about _____ .Between 2008 and 2009, the unemployment rate changed by about _____ .
- Shrank - -3.0% - 1.5%
Robert just found out that he is going to be unemployed within a month because his factory has invested in a robotic factory line and his skills are no longer needed. This means that Robert is _____ .The GDP within Country D has begun to decline. As a result of decreased production, Thomas lost his job designing cars. This means that Thomas is ______ .R aquel has just been offered a job, but she has decided not to take it because she feels her skills merit better pay and a better position. This means that Raquel is ______ .
- Structurally unemployment - Cyclically unemployment - Frictionaly unemployment
What do the graphs tell you about Bolivia's labor force?
About 1/3rd of Bolivians work in agriculture
The government of Country M has determined that it needs to take action to encourage the growth of its economy. In order to do this, the government has instituted an incentive policy that offers citizens free education. This is extended to all individuals who sign a contract agreeing to work within their specific industry for the next ten years. How is Country M planning on encouraging economic growth?
By investing in education to reduce unemployment and increase production
Use the graphs to answer the question.Which sector of Germany's economy had the highest GDP compared to its labor force?
Industry
Use the graphs to answer the question.Which sector uses labor most efficiently?
Industry
How did the contribution of the goods-producing sector to GDP growth change between 2010 and 2011?
It fell by 2.3%.
What do the graphs tell you about Germany's labor force?
Many people in Germany work in services
Go to this link to find out more about Bolivia's economy to answer the question.Use the information and the graphs to write two sentences about how Bolivia's labor force by occupation compares to its GDP by sector.Why might the percentages differ?
The percentage of workers in agriculture is higher than the GDP percentage. This could be because industry and service workers contribute more to output on average.
Scroll through the figures presented within the link, and look for the information presented within these statements.Then, use what you have found to complete each sentence.According to the website, Bolivia is one of the poorestrichestfastest-growing nations in Latin America.Bolivia's GDP per capita in 2012 was 5.2%$5,000$27.12 billion .The unemployment rate in Bolivia during 2012 was 5.5%5.7%49.6% .
- Poorest - $5,000 - 5.5%
A normal unemployment rate in the US is considered to be around 5%. According to the graph, in what years was the unemployment rate nearest to this average?2006 through 20082009 through 2011According to the graph, in what years did the US unemployment rate rise most steeply?2007-20082009-20102011-2012According to the graph, individuals would have the most difficult time finding employment during which year?200720092010
- 2006 to 2008 - 2009-2010 - 2010
Scroll through the figures presented within the website, and look for the information presented within these statements.Then, use what you have found to complete each sentence.According to the information on the website, Germany is the _______ largest economy in the world and the ________ in Europe.In 2012, Germany's GDP per capita was______ trillion .In 2012, Germany's unemployment rate was ______ .
- Fifth - Largest - $39,100 - 6.5%
