Country Q has experienced a rapid increase in its unemployment rate and a sharp decline in its GDP. What might policymakers do i

Question

3 years ago

5

Country Q has experienced a rapid increase in its unemployment rate and a sharp decline in its GDP. What might policymakers do i

n the face of these economic indicators? encourage a decrease in purchasing until employment figures increase try to trade with other nations to increase production and create new jobs increase taxes so the government has more money to spend implement controls on wages, forcing employers to pay higher wages.

Business

2 answers:

Sloan [31] · Answer 1 · 2022-11-03T15:49:16+03:00

Sloan [31]3 years ago

8 0

Answer:

B) Try to trade with other nations to increase production and create jobs

Explanation:

Nezavi [6.7K] · Answer 2 · 2022-11-03T14:26:56+03:00

Based on the situation facing Country Q, they might respond by trying to trade with other nations to increase production and create new jobs

Trading with other nations:

Allows for an economy to develop as it would produce more to export
Increases employment as people would work in the new companies created to produce export

It would therefore be in Country Q's best interest to trade as this would increase their employment figures and GDP on account of higher production.

In conclusion, Country Q should trade more.

Find out more benefits of trade at brainly.com/question/11317503