If a few industries contribute to a significant percentage of a country's GDP, the country is at a relatively higher risk of structural unemployment.
Correct Answer:
Verified
Q76: If incomes rise by 10% and the
Q77: Since the prices of goods and services
Q78: The output method of measuring GDP is
Q79: The claimant count in the UK is
Q80: Economic growth that is driven by increases
Q82: The Phillips curve suggests that a positive
Q83: Explain the trade-off between in?ation and GDP.
Q84: Inflation targeting by the central bank reduces
Q85: What is meant by in?ation? How is
Q86: The balance of payments measures all the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents