Help? Directions: Explain the impact on economic growth. In answering questions,

Question

Help?

Directions: Explain the impact on economic growth.
In answering questions, you should emphasize the line of reasoning that generated your results; it is not enough to list the results of your analysis. Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly labeled diagram must have all axes and curves clearly labeled and must show directional changes.

1. Twice as many trained workers are permitted to immigrate to the United States as in the past
2. Congress votes to halt all oil drilling in the Gulf of Mexico
3. Economists note there is a slowdown in labor productivity in the manufacturing sector.

Explanation / Answer

1.It will increase human capital of the country without any cost,because the country needs not to pay for education of these skilled workers.It is a gift that we are the destination. Many developed nations both in Japan and Europe need them badly.Based on Paul Romer,the new growth theory, knowledge and human capital are endogenous variables which positively stimulate growth of GDP.And it is cumulative.Skilled worker family seems to have a good care of their kids.They are also good educators and supporters. It will stimulate growth in the short run and long run

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