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Explain about the term underemployment and unemployment rate.
Discouraged employees are non-working people who are able of working although are not actively in search of a job.
Underemployment:
It is the number of people who work throughout a recession although receive lower wages than they would throughout an expansion because of smaller number of hours employed, lower-paying jobs, or both.
The unemployment rate:
It is the ratio of the number of people unemployed to the whole number of people into the labor force, either recently working or search for jobs.
How do currency speculators harm for Less Developed Countries? Private capital inflows can be short term and speculative. Speculators shift funds in a Less Developed Countries
What are the critics of advocates of World Bank in promotion of development? Critics of the World Bank argue: • A one-size-fits all strategy which does not take account
purely competitive firms increase total revenue by
First, explain the concepts of income, wealth and money and show how each is related to the other. Next, explain the concept of the monetary base and indicate its economic signific
Draw a Supply or Demand Diagram A) Suppose that several months of data showed the CPI increasing at a 4.5% annual rate due largely to increases in the price of energy and food
How does population growth produce development? The impact of population growth depends upon the form: • By net migration. When the increase into population is highly skill
What policies can less developed countries follow to resolve their debt problem? Highly indebted countries can resolve by less developed countries: Seek help by internat
with a water park going in town. What kind of externality is this?
What are Harrod-Domar predictions? The economy is rate of growth, its predictions depends onto: • Capital formation and accumulation and capital output is the critical to de
What is the development gap? The development gap refers to the divergence between standards of living in the developed and developing world. As like Source World Bank:
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