1 Microeconomics deal with a) O General price level b) O Individual consumer behaviour c)O Productive capacity of economy d) O Employment/unemployment Leave blank
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- Question 4 2. The Australian Bureau of Statistics (ABS) reported in May 2017 that the civilian population in Australia over 15 years of age was 20.8 million.Of this population of 20.8 million Australians, 13.5 million were employed and 0.7 million were unemployed.Calculate Australia’s labor force and the number of people in the civilianpopulation who were not in the labor force? Also, with examples examine thecauses of structural unemployment in Australia.1. In April 2020, at the trough of the Covid-19 recession – which lasted a whopping two months – the Bureau of Labor Statistics announced that of all adult Americans, 133,320,000 were employed, 23,038,000 were unemployed, and 103,538,000 were not in the labor force. Use this information to calculate: a. the adult population: b. the labor force: c. the labor-force participation rate (enter this as a three-decimal number, e.g., 0.123, not as a percentage): d. the unemployment rate (enter this as a three-decimal number, e.g., 0.123, not as a percentage):While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
- 15 Which economics analyzes all level of employment in the economy Select one: a. None b. Financial economics c. Microeconomics d. Industrial EconomicsSA hits record unemployment rateSouth Africa's unemployment rate reached a record 34.9% for the third quarter - half a percentage point higherthan in the second quarter.This is the highest number since the start of the Quarterly Labour Force Survey (QLFS) in 2008.The quarter's economic performance was hit by civil unrest in July affecting Gauteng and KwaZulu-Natal - thesetwo provinces account for half of the country's economic activity.The increase in the unemployment rate as a result of the civil unrest is referred to as… a) Cyclical unemploymentb) Structural unemploymentc) Seasonal unemploymentd) Frictional unemployment27 Macroeconomics studies individual economic unit Select one: a. True b. False
- TheAustralianBureauofStatistics(ABS)reportedinMay2017thatthecivilian population in Australia over 15 years of age was 20.8 million.Of this population of 20.8 million Australians, 13.5 million were employed and 0.7 million were unemployed.Calculate Australia’s labor force and the number of people in the civilian population who were not in the labor force? Also, with examples examine the causes of structural unemployment in Australia2. The Australian Bureau of Statistics (ABS) reported in May 2017 that the civilian population in Australia over 15 years of age was 20.8 million.Of this population of 20.8 million Australians, 13.5 million were employed and0.7 million were unemployed.Calculate Australia’s labor force and the number of people in the civilianpopulation who were not in the labor force? Also, with examples examine thecauses of structural unemployment in AustraliaQuestion 2Explain each of the four types of unemployment. Explain how Statistics Canada measures the actual unemployment rate for Canada for a given year. Why does every economy have a natural rate of unemployment (NRU)? Can the actual unemployment rate measured by Statistics Canada be greater or lesser than the NRU? If so why?
- Workers Bracelets MPLMPL 0 0 --- 1 7 7 2 * 28 3 53 18 4 * 6 5 * 0 Betsy's Bangles produces and sells woven bracelets. The table shows information about the number of workers employed, daily bracelet production, and the marginal product of labor (MPL)(MPL) . Use this to answer the questions. You must calculate the bracelet values that are absent to answer the question. How many bracelets can be produced by 5 workers? bracelets from 5 workers: braceletsbracelets Between which levels of bracelet production does Betsy's firm experience increasing marginal returns and diminishing marginal returns? a. There is insufficient information to answer the question. b. Marginal returns increase from 0 to 7 bracelets then diminish from 35 to 59 bracelets. c. Marginal returns increase from 35 to 59 bracelets then diminish from 59 to 59 bracelets. d. Marginal returns increase from 0 to 35 bracelets, then diminish from 53 to 59 bracelets.Hello, i have posted this question many times in chegg, but every time people answering this question to use ai tool like chatgpt, please dont use gpt and other ai tool. Provide me original answers with proper explanations. thank you. Qs 22: Structural unemployment refers to the unemployment due to (a) people changing from one job to another. (b) non-availability of work throughout the year. (c) cyclical nature of businesses. (d) mismatch between the jobs available and the skill levels of the unemployed.Only typed answer and please don't use chatgpt 11) Marginal product is: A) total product divided by the number of workers employed. B) the increase in total cost attributable to the employment of one more worker. C) the increase in total revenue attributable to the employment of one more worker. D) the increase in total output attributable to the employment of one more worker.
