Economics involving Gross Domestic Product...?

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1. Is it possible for real GDP to increase without an increase in employment?

2. Which of the components of the Expenditure Approach of calculating GDP must increase in order for a nation to experience greater rates of economic growth? The components include Personal Consumption Expenditures, Gross Domestic Investment, Government Consumption Expenditures and Gross Investment, and Net Exports.
 
1. Yes. If worker productivity increases, or technological advances are made that allow goods to be produced more efficiently, then GDP would increase.

2. Since all of the components contribute to GDP, then an increase in any or all components would cause an increase in GDP. The largest portion of GDP is consumer spending, so an increase in that would have the greatest impact.
 
1. Yes. If worker productivity increases, or technological advances are made that allow goods to be produced more efficiently, then GDP would increase.

2. Since all of the components contribute to GDP, then an increase in any or all components would cause an increase in GDP. The largest portion of GDP is consumer spending, so an increase in that would have the greatest impact.
 
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