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- Do you think perfect indexing is possible? Why or why not?Unemployment rates have been higher in many European countries in recent decades than in the United States. Is the main reason for this long-term difference in unemployment rates more likely to be cyclical unemployment or the natural rate of unemployment? Explain briefly.What is indexing?
- 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 AustraliaA basket of goods in 2005 costs $625; the same basket of goods cost $800 in 2010.If the base year is 2005, what is the value of this price index in 2005? Question 6Answer a. 78.125 b. 155 c. 128 d. 100Describe in detail the household survey of unemployment and, in the context of the survey, explain what is meant the terms below and give the number or rate of each based on the table below for the following dates-- December 2007; June 2009; and February 2020, Arpil 2020, May 2020, and January 2021: the unemployment rate the labor force participation rate if the answer for '2' in December 2007 were the same as in February 2020 and the number of employed in February 2020 remained the same at 158,759,000, how many people would be unemployed in February 2020 and what, therefore, would the unemployment rate be in February 2020? December 2007 June 2009 February 2020 April 2020 May 2020 January 2021 Civilian noninstitutional population >16 233,290,000 235,695,000 259,835,000 260,045,000 260,197,000 260,849,000 Civilian labor force 153,918,000 154,730,000 165,546,000 137,224,000 156,481,000 160,161,000 Employed…
- Examine the unemployment rate of Trinidad and Jamaica and discuss how they have changed over the 20- year period of 2000 to 2019 (iii) research and discuss factors that could account for the difference(s) observed in the unemployment rate between the two countries. Factors should be supported using either quantitative evidence and/or real-world examples obtained from the assigned countries.Macroeconomics For a country in a given year, it applies that (the figures are given in thousands) The population of working age (15-74 years) 21 540 The labor force 15 510 Eemployed 13 959 What is the relative unemployment rate. Give the answer in percent rounded to one decimal.Between 1929 and 1933, NNP measured in current prices fell from $96 billion to $48 billion. Over the same period, the relevant price index fell from 100 to 75. a. What was the percentage decline in nominal NNP from 1929 to1933?b. What was the percentage decline in real NNP from 1929 to 1933? Show your work.
- If the consumer price index was 96 in 2012, 100 in 2013, and 102 in 2014, then the base year must be a. 2012. b. 2013. c. 2014. d. The base year cannot be determined from the given information. i believe the answer is B, i just dont understand whyQuestion1) a) A labor market is in steady state equilibrium with unemployment rate u = 0.04 and probability of re-employment per month λ = 0.12. What is the probability of becoming unemployed in a month? b) What is the size of the labor force when the number of unemployed is U = 20,000? How long does an unemployment spell last on average? c) An increase in unemployment benefits makes the duration of unemployment spells 10 months. What is the new level of unemployment? d) In a simple job search model, the probability of an unemployed worker finding a job (λ) is equal to the probability of receiving a job offer (µ) times the probability of accepting it (p). Assume that the reduction in λ from part a) to part c) is not due to changes in unemployment benefits, but rather due to changes in µ. If p remains constant at 0.2, what is the reduction in µ? e) It is not realistic to assume that p remains constant. Explain why. Assuming that the wage distribution is fixed, in which direction…Isn't the market basket suppose to be base year units x current price? I can see we ended up with the same answer for 2011 but its beacuase its the base year. But the other years I'm confused. For example, for the year 2013, wouldn't it be 90 textbooks x $65 = $5850 75 hamburgers x $2.25 = $168.75 50 shirts x $25 = $1250 100 cotton x $0.70 = $70 with a market basket value for 2012 being 7338.75? I've uploaded a screenshot of our notes unless the tutor is wrong cause we all make mistakes. We are humans after all.
