Asked by Yousef Boresli on May 31, 2024
Verified
If unemployed workers leave a nation, the standard of living (national income per capita)will rise in that nation.
Standard of Living
The degree of prosperity, comfort, material possessions, and essential needs accessible to a specific socioeconomic group or region.
National Income
The total value of all goods and services produced by a country over a specific period, typically a year, representing the economic performance of a nation.
- Comprehend the effects of workforce mobility on per capita national income and corporate earnings.
Verified Answer
PA
Prince AbabioJun 06, 2024
Final Answer :
True
Explanation :
When unemployed workers leave a nation, the denominator in the national income per capita calculation (total population) decreases while the numerator (national income) remains the same or could potentially increase due to a more efficient allocation of resources. This results in an increase in the national income per capita, which is often used as an indicator of the standard of living.
Learning Objectives
- Comprehend the effects of workforce mobility on per capita national income and corporate earnings.
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