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Maylin Kim
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What are the two basic limitation of GDP?
compositions of output and impact of production on quality of life
How does GDP impact standard of living?
Changes in GDP (Gross Domestic Product) do not necessarily affect standards of living, unless the change is greater than the change in population over the same period. However, changes in GDP per person make more income available per person and, assuming constant shares of GDP, will raise living standards.
What impact will a negative demand shock have on the main measures of economic performance?
REal GDP will increase , inflation will increase, and unemployment will decrease
What is the relationship between agriculture and specialization?
Agriculture uses specialization and specialization does not
How growth in the GDP may impact negatively on the standard of living of a country?
two ways in which growth in a country's gross domestic product may negatively impact the country's standard of living
What are the GDP limitations?
Impact of production on quality of life. Or, "A" for e2020.
How will the US government's 700 billion dollar bailout affect the GDP and the unemployment rate?
It is unclear the affect the bailout will have on GDP and unemployment. GDP growth has the biggest impact on employment so how the economy responds to the bailout is the critical factor, If credit markets loosen up and credit begins to flow again it will have a very positive impact on GDP growth. In that instance the impact of the bailout will be a reduction in unemployment.
How does literacy rate impact a GDP?
the GDP does not affect the literacy rate. The literacy rate affects the GDP. normally the higher the literacy rate, the higher the GDP, but not always. Some countries can have a very high literacy rate, but not a high GDP. but most of the time the higher the literacy rate, the higher the GDP and standard of living.
What are the two basic limitation of GDP?
compositions of output and impact of production on quality of life
What is the impact of domestication of animals on specialization?
Animals is one of those cases that is important, and that requires trained attending about
What are the effect of international trade to GDP domestic market and university student?
The effects of international trade to GDP domestic markets and university students is direct. This entails imports and exports and it has an impact of job creation for university students and generally raises the GDP>
What countrys are effected by water scarcity?
the impact on water scarcity is a good variety of the world loosing water. but no body really knows why the ocean is up.
How does GDP impact standard of living?
Changes in GDP (Gross Domestic Product) do not necessarily affect standards of living, unless the change is greater than the change in population over the same period. However, changes in GDP per person make more income available per person and, assuming constant shares of GDP, will raise living standards.
Describe the impact of job specialization on Neolithic societies?
Job specialization in Neolithic societies allowed individuals to focus on specific tasks, leading to increased efficiency and productivity in activities such as agriculture, pottery-making, and tool production. This specialization also contributed to the development of social hierarchies and increased complexity within these early societies.
What is a synonym for specialization?
specialization
What is the relationship between agriculture and specialization?
Agriculture uses specialization and specialization does not
What impact will a negative demand shock have on the main measures of economic performance?
REal GDP will increase , inflation will increase, and unemployment will decrease
