A country is experiencing rapid economic growth and a significant decrease in its unemployment rate. Which of the following statements best explains this phenomenon in relation to skilled labor and economic productivity?

When a country experiences rapid economic growth and a decrease in unemployment, it often means that more businesses are opening and expanding, which creates more jobs. Skilled labor plays a crucial role in this process because workers with specialized training and education can produce goods and services more efficiently. For example, if a technology company hires more skilled engineers, they can create innovative products faster, leading to higher sales and profits. As businesses grow and need more employees, they hire more skilled workers, which helps lower the unemployment rate. This cycle of hiring skilled labor and increasing productivity drives the economy forward and contributes to overall growth.