Essays on Thai Economic GDP Assignment

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The paper "Thai Economic GDP" is an outstanding example of a micro and macroeconomic assignment. If Thailand imposes coastal security and legal restriction to crack down on illegal immigrants and returns millions of workers to their home country then there will be an impact on the real GDP depending on the economic scenario. The unproductive population in a country has a negative impact on the real GDP of that particular country. When the population is high such that there is unemployment the income per capita reduces and this will result in poor living standards.

On the other hand, if the population matches the required labor such that there is no unemployment then population increase does not have an adverse effect on real GDP. Population refers to a number of people in a given area in relation to available economic resources. The world population has been changing of time so does the economic resources. However, the world population is said to have significantly changed with the industrial revolution. Under population arise where a number of then people in a given area are few compared to the resource available hence a number of people fall behind the optimum point.

When a labour force that is available is combined with resource it does not produce maximum output. The resources are many than labour force with underpopulation, specialization is difficult, resources are underutilized, industrialization is very slow, economic growth development is very slow, there lack of labour force, low demand for good and service and per capita income is very slow. The only solution is to pump more people into the economy to stimulate output. Similarly, overpopulation arises from the excess population.

Labour force is more than the resources available. People are beyond the optimum point. When labour is combined with resources no minimum output is realized with overpopulation. There is an unemployment problem, a high dependency ratio, a lot of poverty, social evils and slow industrialization.

References

The paper "Thai Economic GDP" is an outstanding example of a micro and macroeconomic assignment. If Thailand imposes coastal security and legal restriction to crack down on illegal immigrants and returns millions of workers to their home country then there will be an impact on the real GDP depending on the economic scenario.

The unproductive population in a country has a negative impact on the real GDP of that particular country. When the population is high such that there is unemployment the income per capita reduces and this will result in poor living standards. On the other hand, if the population matches the required labor such that there is no unemployment then population increase does not have an adverse effect on real GDP. Population refers to a number of people in a given area in relation to available economic resources. The world population has been changing of time so does the economic resources. However, the world population is said to have significantly changed with the industrial revolution. Under population arise where a number of then people in a given area are few compared to the resource available hence a number of people fall behind the optimum point. When a labour force that is available is combined with resource it does not produce maximum output. The resources are many than labour force with underpopulation, specialization is difficult, resources are underutilized, industrialization is very slow, economic growth development is very slow, there lack of labour force, low demand for good and service and per capita income is very slow. The only solution is to pump more people into the economy to stimulate output.

Similarly, overpopulation arises from the excess population. Labour force is more than the resources available. People are beyond the optimum point. When labour is combined with resources no minimum output is realized with overpopulation. There is an unemployment problem, a high dependency ratio, a lot of poverty, social evils and slow industrialization.

Download full paperFile format: .doc, available for editing
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