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xplain how the following changes will affect the total employment, average wage rate, labourproductivity and growth rate of GDP of an economy. (i) An increase
xplain how the following changes will affect the total employment, average wage rate, labourproductivity and growth rate of GDP of an economy.
(i) An increase in labour force participation rate
(ii) A growth in capital per worker accompanied by technological changeWhich of the above changes would contribute more toward a sustained high economic growth rate of an economy in the long run?
(b)Suggest three government policies which can be used to raise economic growth rate of aneconomy.
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