2. The unemployment rate is the number of unemployed divided by the sum of the number of employed and unemployed. labour force divided by the number of unemployed. number of employed minus the labour force, divided by the labour force. number of employed divided by the labour force.
Q: 2. In February 2009, BLS statistics for the American population were: Employed 29.164 million…
A: Here, information about employed, unemployed and not in labot force is given using which one is able…
Q: 25) The amount by which potential GDP (a atural rate of unemployment. (b) aggregate cost of…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: 2. The table below shows GDP deflator and CPI for 2019 and 2020. Calculate the inflation rate from…
A: Inflation rate with GDP deflator = deflator in 2020 / 2019 – 1 * 100 = 1.29 % Inflation rate with…
Q: 1. A country with a population of eight million adults has five million employed, 500,000…
A: Total Population=8 million=8,000,000 Number of People employed=5 million=5,000,000 Number of people…
Q: 19. Write out the formula for the relationship between the rate of change of real GDP, the rate of…
A: Nominal GDP is the number of commodities that are produced in a country (nation) in a particular…
Q: 1. Measuring employment, unemployment, and labor force participation Consider a small economy…
A: People who are working or has a job are considered employed. People who are actively looking for a…
Q: 2. Alternative price indexes Because there isn't one single measure of inflation, the government and…
A: Nominal GDP, or unadjusted GDP, is the market value of all last/final products created in a…
Q: 9) Use the following data for Simcity to find the employed, the unemployed, the labor force and…
A: Total population eligible to work = Total Population(1) - Under 16(2)…
Q: Year Unemployment rate(%) 20XX 7.3 30XX 7.9 40XX 6.8 50XX 5.6 60XX 4.8 70XX 4.0 80XX…
A: The trend of the unemployment rate over the years from 20XX to 80XX can be explained as follows:
Q: The table shows employment statistics for a fictional country. Use the information to answer the…
A: The people who are willing and able to work but are not able to find a suitable job are known as…
Q: 3- The hypothetical output and prices of juice and skittles in 2018 and 2019 are shown in the table:…
A: Nominal GDP uses prices of current year.Real GDP uses prices of the base year. Price index for…
Q: 6. The Consumer Price Index (CPI) Which of the following does the consumer price index (CPI)…
A: Average changes in the prices of a basket of goods and services consumed by a consumer over a period…
Q: 3. Thera are 100 people in the economy. 25 have full-time jobs, 20 have one part-time job, 5 have…
A: The unemployment rate is calculated by expressing the number of unemployed persons as a percentage…
Q: 2. Assume that the employment data (in millions) are Population (16 and over) = 243.190 Labor force…
A: Unemployment means a population want to do work and have skills as well , but dont have work so ,…
Q: Labor force participation rate population 60% Total population is 16 years of age and older 200…
A: Given Information Labor force participation rate = 60%Unemployment rate 5%Total population = 200…
Q: 9) Use the following data for Simcity to find the employed, the unemployed, the labor force and…
A: Employed are those people who are working for a long time and are above the age group of 16 years.…
Q: QUESTION 23 Suppose that some country had an adult population of about 46 milion, a labor-force…
A: Given information, Adult population= 46 million Labor force participation rate= 75% Unemployment…
Q: 1. Labor Force A. When the labor force is seeking employment but cannot find it B. The total number…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: 5505 Unemployed 452 Not in the labor force 571 What is the total labor force? What is the labor…
A: * ANSWER :-
Q: Does an increase in the price of imported Belgian chocolate affect the CPI or the GDP deflator more?…
A: We know, import is not a part of the calculation for GDP. The goods that are imported(M) is deducted…
Q: 2. Alternative price indexes Because there isn't one single measure of inflation, the government and…
A: The GDP deflator is calculated by dividing the value of final goods and services produced in an…
Q: What is the unemployment rate when the number of unemployed = 170,000; labour force = 5,000,000 and…
A: Labor force refers to the total number of employed and unemployed able and willing to work.…
Q: a) Assume the number of employed people in Pakistan is 22.5 million in 2020. The number of…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: 68. The unemployment rate is the number of unemployed people, expressed as a. a ratio of total…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: 4. Suppose the unemployment rate is 11%, the total working-age population is 110 million, and the…
A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only…
Q: (5) In 1913, the President of the United States earned a salary of $75,000 and the price level,…
A: ANS Purchasing power is the actual amount of goods & services that can be purchased using the…
Q: 12) In a small town of 125 people there are 25 people under 16. Out of the remaining persons, there…
A: The unemployment rate is the percentage of the total labor force that is unemployed but actively…
Q: 12) In a small town of 125 people there are 25 people under 16. Out of the remaining persons, there…
A: here we calculate the unemployment rate by using the given information , we classified the employed…
Q: c) The unemployment rate is the number of Group of answer choices people looking for work divided by…
A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: Question 1: In an economy, there are only two goods (Cars and cycles) produced. The data for last…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 2. Number of people • Working age population • Unemployed • Employed 3,000 100 1,900 • What is the…
A: Size of labour force= employed + unemployed = 1900+100…
Q: Suppose that the unemployment rate is 10 percent, and the employment rate is 63 percent in an…
A: The participation rate is the percentage of the population that is either working or actively…
Q: (1) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force.…
A:
Q: 1.Based on the following statistic, form a price index (consider 2015 as the base year) for the…
A: "Since you have asked multiple questions, we will solve the first one for you. If you want any…
Q: 1. Calculate for the employment and unemployment rate when the total population of a country is…
A: Unemployment rate refers to the rate at which people of an economy are unemployment over the total…
Q: Number of people employed 120,500; number of people unemployed = 4050 What is the number of people…
A: Unemployment is a situation when a person is in working age , actively finding job but not able to…
Q: Civilian population of a country is equal to 237,8 million. Labor force was only 153,8 million. What…
A: The unemployment rate is the percent of the labor force that is jobless. It is a lagging indicator,…
Q: A person who works part time for economic reasons is reported as employed and…
A: On the off chance that you lose your low maintenance employment, or move from a regular task to low…
Q: in the household survey for December, 1996. The working-age population, employment, unemployment,…
A: The labour force participation rates is calculated as the labour force divided by the total…
Q: Also define employed person, unemployed person and unemployment rate.
A: The economies around the world tend to emphasize on their growth, and development of the nation.…
Q: Q-2 Compute the (a) Number of unemployed, (b) Unemployment-rate, (c) Population, and (d) Labor force…
A: The unemployment rate is derived by dividing the total number of people in the labour force by the…
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- Explain how investment tax credit and employment tax credit can be used to address unemployment. Outline and discuss the effects of unemployment. In your discussion you should include benefits and costs of unemployment to unemployed persons and the society. Explain two (2) limitations of GDP as an indicator of performance and social welfare of an economyQ) Examine the fundamental causes of a nation’s business cycle fluctuations. Also, examine the relationship between total spending by government and consumers in a nation and the location of the countries’ GDP on the business cycle. Chapter: Business cycles and economic growthAnswer the following macroeconomics questions.i. What is the difference between nominal GDP and real GDP? Which one of them is used to calculate the economic growth rate? Justify your answer.ii. Give the equation used to calculate the unemployment rate. State the different types of unemployment. In your opinion, which type is the most problematic one? Justify your answer.iii. Governments may achieve certain economic goals; say controlling inflation, by implementing fiscal and/or monetary policies. Briefly explain the difference between fiscal and monetary policies.
- 1- Examine the fundamental causes of a nation’s business cycle fluctuations. Also, examine the relationship between total spending by government and consumers in a nation and the location of the countries’ GDP on the business cycle. 2-Suppose you have $200,000 in a bank term account. You earn 5% interest per annum from this account.You anticipate that the inflation rate will be 4% during the year. However, the actual inflation rate for the year is 6%. Calculate the impact of inflation on the bank term deposit you have and examine the effects of inflation in your city of residence with attention to food and accommodation expenses. 3- Use the Aggregate supply and Aggregate Demand Model below to answer the questions that follow. Aggregate Supply and Aggregate Demand Model (i) Examine the influence of government expenditure on investment in a nation. Use Jot Inc. Ltd a multinational construction company in which you are the Chief Exec of the firm that that is highly diversified and…Question 8 (a) Identify two macro-economic aims of the government. (b) Explain two reasons why someone may be of working age but not in the labor force? (c) What can cause an increase in a country’s labor force? (d) Explain how different types of unemployment may be caused and consider which might be the most serious. (e) Can a rise in unemployment cause a fall in inflation? (f) What are some policies government may take to reduce unemployment2. List some limitations of GDP as a perfect measure of economic wellbeing. How are each of the following likely to impact the unemployment rate?a) The length of time workers are eligible to receive unemployment insurance payments doubles.b) The minimum wage is increased.c) More companies make information on job openings easily available on Internet job sites.
- 4) d. The consequence of a negative GDP gap is that it requires public policy to correct. interest rates will fall and lower national saving. people will not be able to afford to go to college. what is not produced is lost forever and future economic growth will be less. e. The noneconomic effects of unemployment include a sense of failure created in parents and in their children the costs of moving for unemployed persons. the additional expense of helping unemployed family members. the unemployment benefits that are paid.1) Refer to Table 3. Assume that this economy produces only two goods Good X and GoodY. If year 1 is the base year, the value for this economy’s GDP deflator in year 2 isA) 93.9.B) 100.C) 106.5.D) 179.2) Refer to Table 3. Assume that this economy produces only two goods Good X and GoodY. If year 1 is the base year, the value for this economy’s inflation rate between year 1 andyear 2 isA) -6.1%.B) -5.5%.C) 6.5%.D) 79%.Question The rate of output and planned expenditures for the economy of Timbuktu are shown in the following table: Total Output Planned Aggregate Expenditures (Two-Sector Economy) (Real GDP in billion dollars) (in billions) 5,000 5,250 5,500 5,500 6,000 5,750 6,500 6,000 7,000 6,250 a) If the economy's full employment rate of output is $6.0 trillion, what will happen to the unemployment rate assuming that it will persist into the future? b) What would happen to the equilibrium level of output/income if there will be an autonomous increase in investment of $250 billion?
- 16) Doing a contractionary phase of the business cycle which of the following most likely of occurs?Explain what will happen in a nation that tries to solve a structural unemployment problem using expansionary monetary and fiscal policy. Draw one AD/AS diagram, based on the Keynesian model, for what the nation hopes will happen. Then draw a second AD/AS diagram, based on the neoclassical model, for what is more likely to happen.Think about the business cycle: during a recession, unemployment increases; it decreases in an expansionary phase. Explain what happens to TANF, SNAP, and Medicaid programs at each phase of the business cycle (recession, trough, expansion, and peak).