How gdp increase if re are labour force participant

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Q. Marshall-Lerner condition under which a real depreciation leads to an increasing net exports. B.2. When account is taken of its effect on expectations; decrease in government spending need not lead to a decrease in output. Explain this statement.

Q. If average worker produces $70,000 of GDP, by how much will GDP increase if re are 140 million labour force participants and unemployment rate drops from 5.2 to 4.5 percent?

Reference no: EM1369271

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