Meier recognizes these as secondary goals for achieving economic development: Select one: a. An increase in real per capita income and economic diversification b. A reduction in Poverty and income inequality c. A reduction in unem

Meier recognizes these as secondary goals for achieving economic development: Select one: a. An increase in real per capita income and economic diversification b. A reduction in Poverty and income inequality c. A reduction in unem

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 9P

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Question

Meier recognizes these as secondary goals for achieving economic development:

Select one:

An increase in real per capita income and economic diversification

A reduction in Poverty and income inequality

A reduction in unemployment and crime and violence

An improvement in environmental condition

Definition Definition State in which an individual is without work, despite actively seeking employment opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed. Unemployment is one of the key indicators of the conditions prevailing in an economy. It is therefore considered a barometer that points out the condition of an economy.

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