12) In a small town of 125 people there are 25 people under 16. Out of the remaining persons, there are 10 retired people, 63 people will full-time jobs, 5 people with part-time jobs, 2 full-time students, 4 full-time homemakers, and 16 people who do not have jobs, but want them. Only 12 of these latter 16 people without jobs had actively looked for a job in the preceding four weeks. In this town, the unemployment rate, (U3), is 6. A) 17.0 B) 25.0 C) 15.0 D) 16.0 E) 12.0
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- Compute the GNP using the Income Approach and Expenditure Approach. Personal Consumption ExpendituresP 1,059,000 Compensation of employees and entrepreneurial & propertyIncome of persons980,000 Government Income31,000 Indirect Taxes132,500 Exports of goods and non-factor services648,200 Fixed Capital Formation232,400 Government Services116,000 Imports of goods and non-factor services648,100 Subsidies3,900 Trade237,000 Increase in Stocks7,200 Corporate Income16,000 Depreciation Allowance176,000 General Government Consumption Expenditures86,500 Net Factor Income From Abroad20,60031. What are three methods of calculating GDP. Do they end up with the same number? Please elaborate 32. What are intermediate goods? Why do economists exclude the value of intermediate goods while calculating national income? 33. Compare and contrast the U.S. economic record prior to 1940 and after 1950. How do the two time periods differ? What best explains the differences according to a macroeconomist? 34. Why do price levels increase when government adopts fiscal or monetary policy to correct the economy when it faces a recession and high unemployment? 35. Are there key differences between an increase in the capital stock and an improvement in the level of technology? 36. Describe how the labor force, the nation's capital stock, and the rate of technical progress contribute to potential GDP growth and labor productivity. 37. High unemployment is socially wasteful. Why?22. Those without any health insurance in the U.S. tend to be the following groups, except: A. Those who are in excellent health and those with the poorest healthB. Workers in small firmsC. Minimum-wage workersD. Workers in large, multi-national firms
- An American retailer purchased 100 pairs of shoes from a company in Mexico in the second quarter of 2016 but does not sell them to a consumer until the third quarter of 2016. In which quarter(s) does(do) the value of the shoes add to U.S. GDP? O the third but not the second quarter O the second quarter but not the third quarter O the second and third quarters O neither the second nor the third quarter Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.ich of the following statements is true? O. GDP calculated by the income approach is greater than GDP calculated by the expenditure approach. O. All three approaches for calculating GDP will result in identical values for GDP. O. GDP calculated by the expenditure approach is greater than GDP calculated by the product approach. O. All three approaches will result in approximately the same results and the category "statistical discrepancy" is needed to balance out the three approaches. O. GDP calculated by the product approach is greater than GDP calculated by the expenditure approachQuestion 1 Gross domestic product is the market value of all: O final goods and services produced by a country's citizens, wherever located, in a year final goods and services produced within a country in a year O goods and service sold within a country in a year O all goods and services produced within a country in a year
- Manufacturing is classified as a 1) Primary Activity 2) Secondary Activity 3) Tertiary Activity 4) Quaternary Activity 5) Quinary Activity.Yo16. If South Africa’s GDP is greater than its GNI, then the income earned by foreign owners of companies and foreignworkers in South Africa is ________ the income earned by South Africans who have invested, or who areworking, abroad. (4 marks)A Greater thanB Added toC Subtracted fromD Less thanHarry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10 each. This year Harry’s produced 10,000 large pepperoni pizzas (identical to last year's pizzas) but sold them for $12 each. Based on this information, we can conclude that Harry's production of large pepperoni pizzas
- 12 Suppose 20 million people are employed, and 5 million are unemployed. What is the unemployment rate? Does that number change if we also state that there are an additional 30 million people who are not in the civilian labor force?2. Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor Total population 24,512,311 personnel 98,539 People below 16 years of age 4, 240, 102 People in elderly care centers 1, 232, 130 People who didn't look for jobin 4 weeks 831,304 House wives whose sole activity is home - making 3, 424, 204 Volunteers 313,200 Self employed people 3,423,042 People who are jobless, actively looking for a job, and 2, 234 available for work Calculate the unemployment rate and the labor force of New Zombie Show your calculation (See next page for the formula and directions for this problem )QUESTION TWORecently, the government of the republic of Zambia conducted a 2022 Census of Population and Housing. From the summary results, Zamstats indicated that the 2022 Zambian population is 19,610,769. Assume that 35% of the population are not in the labour force. Suppose also that from those in the labour force, 40% are employed. Determine the total number of people who are;a) not in the labour force.b) in the labour force.c) employed.d) unemployed.