Reasons on the demand-side of the labour market for increasing unemployment in South Africa could include i. An increase in population growth. ii. An increase in the capital intensity of production. iii. An increase in immigration. iv. A decrease in the production of goods and services. v. An increase in the cost of employing labour. (4 marks) A i, iii and v B i, ii and iv C ii, iv and v D ii and iv

Reasons on the demand-side of the labour market for increasing unemployment in South Africa could include i. An increase in population growth. ii. An increase in the capital intensity of production. iii. An increase in immigration. iv. A decrease in the production of goods and services. v. An increase in the cost of employing labour. (4 marks) A i, iii and v B i, ii and iv C ii, iv and v D ii and iv

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter18: The Markets For The Factor Of Production

Section: Chapter Questions

Problem 1CQQ

See similar textbooks

Similar questions

7 - : What is it called when the economy is deprived of the production and the gain of this factor if the labor is not employed? a) Ta employment B) Increase in crimes NS) Direct product and revenue loss D) loss of human capital TO) natural unemployment
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.
5. You are given the following information about an economy: $millions GDP at Market Prices 1,,669.4 Imports 290.5 Gross Domestic Capital Formation 48.7 Income accruing to the Public Sector 39.0 Retained Business Earnings 75.9 Exports 273.4 Subsidies 16.8 Factor Payments from Abroad 10.0…
16. 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 than
5. You are given the following information about an economy: $millions GDP at Market Prices 1,,669.4 Imports 290.5 Gross Domestic Capital Formation 48.7 Income accruing to the Public Sector 39.0 Retained Business Earnings 75.9 Exports 273.4 Subsidies 16.8 Factor Payments from Abroad 10.0…
1. How does an increase in labor-productivity increase income? a. An increase in productivity, increases the marginal product of labor which increases the demand for labor. As demand for labor increases, the wage rate increases. b. An increase in productivity, decreases the marginal product of labor which increases the demand for labor. As demand for labor increases, the wage rate increases. c. An increase in productivity, increases the marginal product of labor which decreases the demand for labor. As demand for labor decreases, the wage rate increases. d. An increase in productivity, increases the marginal product of labor which decreases the demand for labor. As demand for labor decreases, the wage rate decreases.
The following data relates to the economy of a country over a one-year period. K’B Subsidies ………………………………………… 1 000 Gross domestic fixed capital formation……………. 2 400 Exports of goods and services ……………………. 2 000 Government final consumption ……………………. 3 000 Property income from abroad …………………… 300 Imports of goods and services ……………………. 2 500 Value of physical decrease in stocks …………… 10 Consumer’s expenditure ……………………. 8 000 Capital consumption/Depreciation ………………… 1 500 Taxes on expenditure……………………………... 1 750 Property income paid abroad ……………………. 500 Required Calculate the following from the above data: (a) Gross domestic product at market prices (b) Gross domestic product at factor cost (c) Gross national product at factor cost (d) Net national product at factor cost
1. does the manufacturing sector contributes to the Gross Domestic Product of a country? 2. How does it contributes to the GDP?
J 4 ‘If workers accepted lower wages, there would be no unemployment.’ Discuss
ENGLISH QUESTIONS 1)write the meaning of acculturation in your own words. 2)How can TNCs be a blessing and a curse at the same time? 3)what role do the TNCs play in the economy of country? 4)Which countries benefit most from the TNCs?Justify 5)How can the hosting country control the work of TNCs?JUSTIFY
Assume there are only two producing sector Y & Z in an economy. Calculate a) Gross value added at market price by each sector b) National income from the followings: Items Amount in Crores Net factor income from abroad- 20 Sales by Y- 1000 Sales by Z- 2000 Change in stock of Z- 200 Closing stock of Y- 50 Opening stock of Y- 100 Consumption of fixed capital by Y & Z- 180 Indirect taxes paid by Y & Z- 120 Purchase of raw material by Y- 500 Purchase of raw material by Z- 600 Exports by Z- 70
$Millions GDP at market prices 1,669.4 Imports 290.5 Gross domestic Capital Formation 48.7 Income Accruing to the public Sector 39 Retained Business Earnings 75.9 Exports 273.4 Subsidies 16.8 Factor Payments From Abroad 10 Capital Consumption Allowance 10.05 Income Payments to Foreigners 19.2 Direct Taxes 355.6 Public Sector Consumption Expenditure 490.1 Indirect Taxes 297.3 Transfer Payments 25.7 calculate the following: a) National Income b) Net investment c) Personal Income