Asked by dreya flores on Apr 24, 2024
Which of the following was true of the U.S.job market between 1929 and 2011?
A) The number of jobs created in the organized sector was less than that in the unorganized sector.
B) The number employed people increased by less than five percent.
C) The average education of workers increased over the years.
D) The productivity of workers declined over the years.
E) The growth in employment opportunities was slower compared to the growth in population.
U.S. Job Market
The labor market in the United States, encompassing the supply of labor and demand for workers.
Average Education
The mean level of formal schooling completed by a population, often used as an indicator of human capital in economic studies.
Productivity Of Workers
A measurement of the efficiency and effectiveness of labor in producing goods and services, often quantified as output per worker.
- Acknowledge critical occurrences of economic hardships throughout history and their repercussions on the economic landscape, particularly during stagflation and significant economic crises.
- Attain knowledge on the constituents and value of GDP and GDP per capita in gauging economic performance.
Learning Objectives
- Acknowledge critical occurrences of economic hardships throughout history and their repercussions on the economic landscape, particularly during stagflation and significant economic crises.
- Attain knowledge on the constituents and value of GDP and GDP per capita in gauging economic performance.
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