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Current Situation and Outlook of Asia and the Pacific Key message
Current Situation and Outlook of Asia and the Pacific Key message

... It is essential to strengthen social safety nets for migrant workers, generate employment opportunities at home and formulate regionally coordinated migration policies and laws. ...
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... problem. The Middle East and North Africa region has the highest regional youth unemployment rate in the world, with nearly three in ten of all young people (28.1%) unemployed in 20124. The youth-to-adult unemployment ratio is the highest in the world, with young people under the age of 24 more than ...
The following section is for those of you who prefer
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... increase the cost of producing a given quantity of output. If this occurred across the economy, then prices would rise, even under competitive conditions, undermining any real gain in worker purchasing power. On the other hand, if labor productivity is rising, then nominal wage growth is expected to ...
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... has been some debate about the validity of this argument. A recent San Francisco Fed paper6 disputes this view and suggests that it may be the interaction of growth, saving and investment at a global level, rather than developments in any single country, that determine the real interest rate. One of ...
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... •GDP is a measure of production, and production represents economic activity. Note that the sale of output is simply a transfer of ownership (or wealth), while the production of output is the process of generating wealth. The production generates incomes to the factors of production, which are then ...
Turnover Tax - Amazon Web Services
Turnover Tax - Amazon Web Services

... Economic Growth ...
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Economic growth



Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP. Of more importance is the growth of the ratio of GDP to population (GDP per capita, which is also called per capita income). An increase in growth caused by more efficient use of inputs (such as physical capital, population, or territory) is referred to as intensive growth. GDP growth caused only by increases in the amount of inputs available for use is called extensive growth.In economics, ""economic growth"" or ""economic growth theory"" typically refers to growth of potential output, i.e., production at ""full employment"". As an area of study, economic growth is generally distinguished from development economics. The former is primarily the study of how countries can advance their economies. The latter is the study of the economic development process particularly in low-income countries.Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure.
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