Below is a chart showing the Labor Force Participation rate for 15-64 year olds inthe U.S. vs. Japan (called the 'Activity Rate' in the OECD data). Based on this chart,answer the questions below:FREDActvity hate Aged 158 AN Persans r the thot StanosActvity RateAged 15 AN Persans for Apar22200220042006010201220Sdng areas ndicale US recessioHISSource Orgazation for Economc Co operaion and Develpmentmed souisled.orga) How could these trends in thé US & Japanese Labor Force Participation (LFP)rates impact per capita real GDP growth rates in their respective countries (i.e. inthe U.S & in Japan)? Are there any factors which could mitigate the impact ofthese LFP trends on growth?b) What factors are likely to impact the trends in U.S. and Japanese LFP in the nextyear? Over the next 10 years?

Real GDP is the product of base year price and current year output level during an year. It is the…

Below is a chart showing the Labor Force Participation rate for 15-64 year olds in the U.S. vs. Japan (called the 'Activity Rate' in the OECD data). Based on this chart, answer the questions below: FRED Actvity ate Aget 158t A Perses or the thot States Acty tAped 15A Persoes for an 2006 2000 2010 2012 014 2016 2018 2000 Sadoo aras macate US ecessions Source Organzation for Economic Co-operation and Deveiopment med soutsled org a) How could these trends in the US & Japanese Labor Force Participation (LFP) rates impact per capita real GDP growth rates in their respective countries (i.e. in the U.S & in Japan)? Are there any factors which could mitigate the impact of these LFP trends on growth? b) What factors are likely to impact the trends in U.S. and Japanese LFP in the next year? Over the next 10 years?

Below is a chart showing the Labor Force Participation rate for 15-64 year olds in the U.S. vs. Japan (called the 'Activity Rate' in the OECD data). Based on this chart, answer the questions below: FRED Actvity ate Aget 158t A Perses or the thot States Acty tAped 15A Persoes for an 2006 2000 2010 2012 014 2016 2018 2000 Sadoo aras macate US ecessions Source Organzation for Economic Co-operation and Deveiopment med soutsled org a) How could these trends in the US & Japanese Labor Force Participation (LFP) rates impact per capita real GDP growth rates in their respective countries (i.e. in the U.S & in Japan)? Are there any factors which could mitigate the impact of these LFP trends on growth? b) What factors are likely to impact the trends in U.S. and Japanese LFP in the next year? Over the next 10 years?

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter18: Income Distribution And Poverty

Section: Chapter Questions

Problem 4QFR

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