Answer:
a. rise in unemployment
Explanation:
Aggregate demand is a term describing the total demand for goods and services in the economy. If the aggregate demand rises, it means the country's population is requesting more goods and services. Production will increase to meet the new demand, and consequently, the GDP will grow.
Should the economy experience a fall in aggregate demand, industries will reduce the level of production. GDP is the total production in the economy. If the output is below the potential GDP, it implies a decline in production. The economy is slowing down. The manufacturing and service sectors will cut down production. Reduction in production mean industries will lay-off employees. Unemployment will rise as industries will not create employment opportunities for job seekers.
Looking at the relationship between elasticity and total revenue, we can say that the option that is right to chose is
<em>e. None of the above</em>
Explanation:
Relationship between elasticity of the product revenue and the good price is so that there are a lot of variables to determine its effect on the total revenue of that said product.
This can be the demand supply change as well as the demand cost and the production cost of the production that must be taken into account before we begin to find a relation between their elasticity.
This makes them more vulnerable to change and thus leaves little chance to determine a relation,
In economics an externality is the cost or benefit that affects someone who did not choose this. It is the true cost of a product that can be both positive or negative. Pollution can be an example of this. An educated labor force producing more is a positive example of this. The government rewards positive externality and punishes negative externality. Rewards can be surpluses and taxes can be punishments.
1. The statement is true
Export taxes are paid by the exporters. These taxes include customs and shipment changes a as a as well.
2. The statement is uncertain
We cannot make out which industry will use technological spril overs and which industry will not use it.
3. The statement is false
Child employment is in non-tradeable sector for most of the poor countries.
4. The statement is true
low GDP per capita mean the country does not have enough output per person. It is not able invest in the human capital of the Country. Each of facilities like education, hospitality is another result of low GDP per capita and thus, eventually. Low GDP per capita lead to child labor because these children and their parents does not have money & basic facilities and that is why choose this option.
Non-tradable sectors are composed of production, distributive alternate, repairs, shipping, accommodation, meals services sports (GHI), actual property activities (L), enterprise offerings (MN), and public administration (OPQ). All sorts of tradable sectors can create productivity increase
Learn more GDP per capita here:-
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