ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The manufacturing industry employs 6.4 million people creating a large workforce
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Georgia film industry employs many Georgians
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Hosting the Super Bowl had a huge economic impact on Georgia
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The Booth Western Art Museum was ranked the #1 art museum in the U.S. in 2020
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Detailed explanation-1: -BLS defines full employment as an economy in which the unemployment rate equals the nonaccelerating inflation rate of unemployment (NAIRU), no cyclical unemployment exists, and GDP is at its potential.
Detailed explanation-2: -Transforming Economies: Making industrial policy work for growth, jobs and development. This book argues that industrial policy goes beyond targeting preferred economic activities, sectors and technologies. It also includes the challenge of accelerating learning and the creation of productive capabilities.
Detailed explanation-3: -Unemployment Rate = Unemployed / Civilian Labor Force The civilian labour force, as mentioned in the formula, consists of both employed and unemployed people.
Detailed explanation-4: -The unemployment rate measures the share of workers in the labor force who do not currently have a job but are actively looking for work. People who have not looked for work in the past four weeks are not included in this measure.