unemployment

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Title: unemployment

Essay Details:

Subject: Business

Author: Mabel P

Date: August 10, 2014

Level: University

Grade: A

Length: 17 / 4935

Essay text:

The macroeconomic model developed by Kitov [2005a,b] provides a consistent framework for such an analysis. The two principal findings of the model are as follows: 1) real economic growth in the USA depends only on the attained value of real GDP per capita and the relative change in the number of nine-year-olds in the population; 2) the personal income distribution (PID) is very rigid relative to real economic growth and inflation. The first finding allows effective decoupling of the study of inflation from the economic development ? the real economic growth in terms of GDP per capita does not depend on inflation and vice versa...

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