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This cuts costs for businesses which would enable them to reinvest the spare cans and hire more workers.
There are also other ways that should be considered to address the problem of unemployment. These include training programs that are better than those in the past. This will ensure that the skills of employees are better matched to the jobs that are newly available.
The full-time employment policies should also push for full-time employment a bit faster. This is because when labor markets grow tight, companies go ahead and hire any individual even those who have been unemployed for a time greater than one year.
The gross domestic product is defined as the output of the final goods and services that are produced by a country. The GDP is calculated as Personal Consumption Expenditure plus Investment plus Government Expenditure plus (Exports minus Imports)
The advantage of using real GDP is that it is dynamic because it changes with the constantly new figures. It is the best indicator of the overall economic health of a nation. The past figures show that GDP has increased since the last quarter and has been showing an increasing trend for the past two years.
GDP is used as a coincident indicator as it changes at the same time the economy does. A negative economic growth for two quarters that are consecutive is considered a recession and the Federal Reserve usually lower the interest rates in this period in order to increase the rate at which the economy is growing and to stimulate the economy. Real GDP takes into account inflation as we multiply the nominal GDP with a deflator. GDP tells us if the economy is growing more quickly or slower than past years. The US sustainable rate as believed by economists is between 2.5% and 3 % as that has been the average rate in the past.
The five components of GDP as cited above are private consumption, government consumption, investment and net exports. The
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Indicators may be applied to different projects for the purpose of being aware and alert of any problem that may arise during the course of developing and applying it. Indicators are also useful in finding out solutions to the impediments faced during the course.
In order to evaluate the health characteristics of different population, three countries with various income levels have been chosen. The selected countries for the analysis are the United States (high-income), India (middle-income), and Bangladesh (low-income).
Economic indicators are useful only when the researcher has the idea to interpret. There has been strong correlation between economic growth and profits of organizations. Data on economic indicators Unemployment rate: The following provides the data on unemployment rate of United States.
They are structural unemployment, frictional unemployment and cyclical or seasonal unemployment. Structural unemployment arises out of the change in demand of technology and taste in the industry. For instance, the typewriter industry has no demand now because of the emergence of computers.
However, it depends on how well of an indicator is being used by the community. A good indicator alerts and verifies the problem to the user. It gives us an idea of what needs to be done to rectify this problem ("Traditional vs. sustainability indicators | Sustainable Measures").
The information presented in these reports is supplied by two resources that include reporting from police across the country and British Crime Survey (BCS). The statistics computed by these resources present a contradicting indication of crime levels in the country and have been criticised by many for their limited scope and indifferences on certain issues which diminishes their legitimacy and accuracy as measurement.
Business cycle fluctuations are often explained against the model of Keynesian economy where the economy or an industry reaches short term equilibrium in a state of less than or above full employment status. (Sullivan and Sheffrin, 2003) When an economy or a industry
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