One factor which did not influence the levels of real output and employment in the labor market was the a. Stock of money b. Level of technology c. The price level d. Size of the labor force
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- What is labor force a- the toal employment divided by the total number of unemployment b- the total number of employment c- the sum of emplou]\yment and uneemployment d- the sum of employment minus the sum of unemploymentNeed help with this. Thanks! 3. This year Anjun's monthly pay rose from $1000 (last year's rate) to $1100 (this year's rate). During the year the inflation rate for consumer products was 12%. A. What happened to Anjun's nominal income? (up or down, and by what percent?) B. What happened to Anjun's real income? (up or down and by what percent?Computing labor force statistics: Adult population of the U.S. by group, 2019 # of employed 151.1 million # of unemployed 7.8 million not in labor force 94.5 million 1. Based on the above table, compute the labor force, u-rate, adult population, and labor force participation rate. Evaluating “U” measure: 2. In each of the following, what happens to the u-rate? Does the u-rate give an accurate impression of what’s happening in the labor market? A. Sue lost her job and begins looking for a new one. B. Jon, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work. C. Sam, the sole earner in his family of 5, just lost his $80,000 job as a research scientist. Immediately, he takes a part-time job at McDonald’s until he can find another job in his field. Natural unemployment: 3. In each of the following scenarios, which type of unemployment would change (if any) and in what direction? Which of these scenarios would be most…
- John's employer tells him that he will be getting an decrease in his hourly wage of 10%. John also learns that his cost of living is falling by 15%. In economic terminology, John is getting a: Question 35 options: A) A nominal wage increase and a real wage decrease B) A nominal wage decrease and a real wage decrease C) A nominal wage increase and a real wage increase D) A nominal wage decrease and a real wage increaseThe last decade was free of recessions and from the opening bell in January 2010 to the closing bell in December 2019, the Dow Jones Industrial Average and S&P 500 soared 173.60% and 189.35%, respectively. The Gross Domestic Product increased from $14.992 trillion to $21.433 trillion. Yet during that same period, the labor force participation rate actually declined. So, how could it drop when the economy was booming and labor force participation ages 65 and over. The oldest baby boomers were 64 in 2010 and 73 in 2019. As they aged, a large segment of the population shifted into 65 and older age groups. Because older Americans are less Likely than younger ones to be in the labor force, this demographic shift reduced the overall labor force participation rate. According to this, which of the following statements best explain the labor participation change? Hint: Use the labor Force Participation Formula A. The labor force participation rate grew in every age category because…The last decade was free of recessions and from the opening bell in January 2010 to the closing bell in December 2019, the Dow Jones Industrial Average and S&P 500 soared 173.60% and 189.35%, respectively. The Gross Domestic Product increased from $14.992 trillion to $21.433 trillion. Yet during that same period, the labor force participation rate actually declined. So, how could it drop when the economy was booming and labor force participation ages 65 and over. The oldest baby boomers were 64 in 2010 and 73 in 2019. As they aged, a large segment of the population shifted into 65 and older age groups. Because older Americans are less Likely than younger ones to be in the labor force, this demographic shift reduced the overall labor force participation rate. According to this, which of the following statements best explain the labor participation change? Hint: Use the labor Force Participation Formula A. The labor force participation rate grew in every age category because baby…
- 4 Calculate unemployment rate and labor force participation rate for both 2020 and 2021 given the following information: In 2020, there were 18,000 people employed, 1,200 people unemployed, and 1,600 people not in the labor force. In 2021, the following events occurred: 900 people who were looking were hired, 900 people were fired from their jobs and only one third started looking for a new job, 300 people quit their jobs and did not look for new, 100 people who were not working decided to start looking, 700 people retired, and 300 people who were looking decided to stop looking due to lack of success.Question 1Evaluate how each of the following individuals would be affected by unanticipated inflation:a) A department store clerkb) A heavily indebted farmerc) A private pensionerQuestion 2a) What is the Consumer Price Index (CPI)?b) Consider an economy that produces and consumes shoes and houses. In thetable below are data for two different users.Year2000Year2001 Price of a house $120,000 $145,000Price of a pair of shoes $150 $170Number of houses produced 1,000 1,050Number of pairs of shoes 650,000 525,000(i) Calculate the CPI for both years.(ii) Calculate the rate of inflation for 2001 using the CPI.(iii) Calculate the GDP deflator for both years.(iv) Calculate the rate of inflation for 2001 using the GDP…Only typed answer over the last 50 years, in the united states the labor force participation rate for women ________, the labor force participation rate for men ________, and the over−all labor force participation rate ________. a.decreased; increased; increas b.increased; did not change; increas c.did not change; increased; increas d.increased; decreased; increas e.increased; decreased; did not change edededednot change
- In January 2019 , the labor force was 163.2 million, employment was 156.9 million, and the working-age population was 258.2 million. Calculate the labor force participation rate in January 2019 . The labor force participation rate was enter your response here percent. >>> Answer to 1 decimal place.Suppose the number of employed people in an economy 121,166,640. The unemployment rate in this economy is 10.4 percent, or .104, and the labor force participation rate is 72.5 percent, or .725. a. What is the size of the labor force? is b. How many people are unemployed? c. What is the size of the working-age population?4. A country in which a large majority of the population resides and works outside the country is most likely a country in which...? a. the relationship between GDP and GNP cannot be determined b. GDP is roughly equal to GNP. c. GDP is much larger than GNP. d. GNP is much larger than GDP. 5. As the workforce ages, a. structural and frictional unemployment increase. b. cyclical unemployment declines. c. cyclical unemployment increases. d. the natural rate of unemployment declines.