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Q: What does increasing the number of laborers in an economy generally mean?
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What economic indicators are use full in assessing an economy?

Generally speaking an economy can be measured by its GDP or gross domestic product. Other measures include unemployment, number of people below the poverty level and the balance of trade figures. This refers to the ratio between imports and exports.


How was the economy in 1963?

The economy in the United States was relatively stable in the early 1960's because of the legislation passed after John F. Kennedy was assinated. Our National GDP was ranked number 1 (about 612 billion) of all the countries currently involved in international trade at that time. Although we had a high GDP, our debt was fast increasing during that time due to increased government spending on legislation to help the elderly of our nation and to lower taxes, to name a few. All in all though, our economy compared to the rest of the international spectrum, was rapidly increasing and the number 2 country in GDP (France) was about 500 billion dollars away from the United States.


Why agriculture is consider as the back bone of the Philippine economy?

Agriculture is important because it is the source of food (the major component of household expenditure in the Philippines) for the economy. Aside from that, it is the source of foreign exchange, the number of laborers that can be absorbed , the source of raw materials for manufacturing and related industries, and a potential market for products of other economic sectors. To read more on this topic, google... * bit(dot)ly/1AzpggJ * (without asterisks and change the (dot) to its symbol)


What is the role of agriculture in the Italian economy today?

The economy is going down. Agriculture is their number one import


What does an HDI number tell us about a country and its economy?

nothing

Related questions

What does the increasing number of laborers in an economy generally cause?

increase in production possiblities. (novanet)


What does the number of laborers in an economy generally cause?

increase in production possiblities. (novanet)


If the government increases the supply of money circulating in the economy How might this impact individuals?

An increase in the money supply can result in a greater demand by increasing the number of potential buyers. This can cause inflation, which means generally higher prices for goods and services.


How the atomic number properties generally change as you go from left to right in the periodic table?

The atomic number properties generally change as you go from left to right in the Periodic Table by increasing 1 each element.


What is the general trend that you observe from a graph that plots atomic number vs atomic mass?

Atomic mass generally increasing with atomic number, although there are a few exceptions.


In the periodic table the elements are arranged in order of increasing?

In modern periodic table, elements are listed by increasing atomic number.


What caused the number of convicts laborers to increase?

Black codes


What increases on the periodic table?

The atomic number increases. The atomic number identifies a particular element and the elements are arranged in increasing order on the periodic table. Also, the atomic weight generally increases as well.


What does gorwth mean?

"Growth" generally refers to the process of increasing in size, number, or amount. It can apply to various contexts such as personal development, economic expansion, or physical enlargement.


What does a probability tree look like?

A tree on its side, with the trunk on the left and an increasing number of branches to the right.A tree on its side, with the trunk on the left and an increasing number of branches to the right.A tree on its side, with the trunk on the left and an increasing number of branches to the right.A tree on its side, with the trunk on the left and an increasing number of branches to the right.


Are Australian frogs increasing or decreasing in number?

I think that australian frogs are increasing


What species of animal is increasing and decreasing in number in amimal farm?

pigs are increasing.