Explanation Immigrants add to the advantage of developing nations. Though being rich in natural resources and labor force these countries still lack the growth they should have. One of the reasons is the unavailability of skills to direct these resources in the right direction, here when immigrants help in pushing the economic growth with their skills and knowledge and channeling the resources in the right direction...

10th Edition

ISBN: 9781285859477

Author: William Boyes, Michael Melvin

Publisher: Cengage Learning

See similar textbooks

Question

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

Chapter 17, Problem 14E

To determine

Determine the importance of immigrants in developing the economics of poor nations. Their role in developing the economy of the early United States

Expert Solution & Answer

Chapter 17 Solutions

Macroeconomics (MindTap Course List)

Ch. 17 - Prob. 1E Ch. 17 - Prob. 2E Ch. 17 - Prob. 3E Ch. 17 - Prob. 4E Ch. 17 - Prob. 5E Ch. 17 - Prob. 6E Ch. 17 - Prob. 7E Ch. 17 - Prob. 8E Ch. 17 - Prob. 9E Ch. 17 - Prob. 10E

Ch. 17 - Prob. 11E Ch. 17 - Prob. 12E Ch. 17 - Prob. 13E Ch. 17 - Prob. 14E Ch. 17 - Prob. 15E Ch. 17 - Prob. 16E Ch. 17 - Prob. 17E

Knowledge Booster

Recommended textbooks for you

Economics:
Economics
ISBN:9781285859460
Author:BOYES, William
Publisher:Cengage Learning
Macroeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Survey of Economics (MindTap Course List)
Economics
ISBN:9781305260948
Author:Irvin B. Tucker
Publisher:Cengage Learning
Micro Economics For Today
Economics
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Cengage,
Survey Of Economics
Economics
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Cengage,