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Define potential GDP under what circumstances does actual real GDP fall short of potential GDP equal potential GDPand exceed potential GDP?
Potential GDP is basically the sum of growth in productivity, growth in labor force, and growth in number of hours worked. In a mature economy like the US, change in number of hours worked is insignificant and often ignored. -Potential GDP is the level of real GDP that the economy would produce if it were at full employment. When real GDP falls short of potential GDP the economy is not at full employment. When the economy is at full employment real GDP equals potential GDP. Real GDP can exceed potential GDP only temporarily as it approaches and then recedes from a business cycle peak.
In 2000 18 percent of men were outside the labor force what percent of women were outside the labor force in 2000?
30 percent
The potential labor force is the same as the civilian labor force?
false
What are the potential impacts of computers on the labor force?
There are two possibilities that computers can have on the labor force. If computers are considered as capital that increases the productivity of the labor force, then firms will hire more labor. This is because the labor force can produce more at the same or lower cost than before because of the new capital. Another possibility is if the computer allows the same amount of work to be done with only one person instead of many, the labor force will decrease. This is because the firm only needs one person to do a job that many were doing before. These possibilities can be applied to any new technology or capital that increases productivity, which possibility depends on the technology and what plans the firm has for the future.
Is potential labor force the same as civilian labor force?
children under 18
What was the effect of labor force?
An increase in the labor force can lead to higher productivity levels and economic growth. However, if there is a surplus of labor relative to available jobs, it can result in unemployment and downward pressure on wages. Conversely, a shortage of labor can lead to labor shortages, wage inflation, and potential bottlenecking of economic activity.
Define potential GDP under what circumstances does actual real GDP fall short of potential GDP equal potential GDPand exceed potential GDP?
Potential GDP is basically the sum of growth in productivity, growth in labor force, and growth in number of hours worked. In a mature economy like the US, change in number of hours worked is insignificant and often ignored. -Potential GDP is the level of real GDP that the economy would produce if it were at full employment. When real GDP falls short of potential GDP the economy is not at full employment. When the economy is at full employment real GDP equals potential GDP. Real GDP can exceed potential GDP only temporarily as it approaches and then recedes from a business cycle peak.
What is qualitative relationship between force and potential energy?
The qualitative relationship between force and potential energy is that potential energy is associated with the position of an object within a force field. As an object moves against or with a force field, its potential energy changes accordingly. The force acting on an object is related to the change in potential energy through the gradient of the potential energy function.
What is force measured in volts?
'Force' isn't measured in volts. Potential and potential difference are measured in volts.
In 2000 18 percent of men were outside the labor force what percent of women were outside labor force in 2000?
30 percent
In 2000 18 percent of men were outside the labor force what percent of women were outside the labor force in 2000?
30 percent
What is the quality of labor force measured by?
The quality of a labor force is typically measured by factors such as education levels, skills and training, productivity, work experience, and overall health and well-being of workers. These indicators help determine the efficiency and effectiveness of the workforce in contributing to economic growth and performance.
What is the connection between the agrarian an industrial revolution?
The agrarian revolution preceded the industrial revolution and laid the foundation for it by increasing agricultural productivity, leading to surplus food production and population growth. This population growth created a larger labor force that could be employed in the industrial sector, fueling the growth of factories and urbanization during the industrial revolution.
What is the force behind weathering by crystal growth?
it is the force
Is a potential energy associated with the buoyant force?
Yes, potential energy is associated with the buoyant force. When an object is submerged in a fluid, it experiences an upward force due to buoyancy. This potential energy is stored as the object moves against the buoyant force.
Why the unit of potential difference and electromotive force is the same?
Because an electromotive force is a potential difference (voltage) -specifically, an electromotive force is the open-circuit or no-load potential difference of a source such as a battery or generator.
What is the relationship between force and potential energy, specifically in terms of their derivative?
The relationship between force and potential energy can be described in terms of their derivative. The derivative of potential energy with respect to position gives the force acting on an object. This means that the force is the rate of change of potential energy with respect to position.
