Descriptive measurement obtained from a whole population is termed as what? Why do rates and measures of population change using total mid year population instead of the end of year population data? What makes one measurement more effective than the other one? Give areal example using end of the...
and shop. But we already know this. What we have not yet understood is the way the tiny machines in front of us are changing our skeletons. Possibly altering not just the way we behave but even the very shape of our bodi...
Another notable development in my hometown is the rapid economic growth. New industries and businesses have emerged, creating job opportunities and boosting the local economy. More and more tourists also come to my hometown and visit the local museums and theaters. In conclusion, my hometown has ...
A population projection is a mathematical equation that calculates the estimated growth rate or change of future populations based on current populations. Governments use population projections for planning for public health, preparedness, housing, assistance, and school and hospital costruction. Such inform...
What is the process used to separate the change in GDP due to an increased output of goods and services, from the change due to increased prices? Why do we make this distinction? How can changes in real GDP equilibrium occur in the aggregate expenditures model and how do...
How is population density calculated? How do economists measure consumption? What two things does GDP measure? What is the difference between national income and personal income? How is economic growth measured in the U.K.? For the purpose of calculating GDP, investment is spending on ...
Understand the definition of per capita income in macroeconomics and how the per capita income is calculated. Explore examples of per capita income calculations. Related to this Question Explain how the rate of population growth influences the level of GDP per...
Economists and financiers are not so much interested in how much a country owes, but whether a country is able to pay off its debts. A country that has a large annual income has a greater capacity of paying off a particular sum of money than a country that doesn’t earn much money eac...
Growth rates refer to the percentage change of a specific variable within a specific time period. Growth rates can be positive or negative, depending on whether the size of the variable is increasing or decreasing over time. Growth rates were first used by biologists studying population sizes, bu...
Frictional is short-term; when people leave jobs for new jobs. Cyclical deals with changes in the economy, such as when the economy or some industries experience upturns or downturns. Structural is when there is a fundamental change in the structure of how society operates, ...