the number of people unemployed equals a. the labor force minus the number of people employed. b. the labor force plus the number of people employed. c. the number of people employed divided by the labor force. d. the number of people employed minus the labor force.
Q: If the inflation rate is 7% per year, and your nominal income increases by 6% per year, your real…
A: Nominal income and real income are two concepts that are commonly used in economics to measure the…
Q: Consider the labour market represented in the following graph: real wage W P equilibrium employment…
A: In the macroeconomic model of WS-PS, the wage (WS) setting curve is upward rising implying that the…
Q: The table below shows hypothectical figures of revenue and spending for the Canadian government. For…
A: Net tax revenue will be calculated as tax revenue minus transfer payments. The transfer payments…
Q: If the FC is $661 and the variable cost is $450 find the total cost.
A: Total cost means the sum of all the costs that take place for producing a particular amount of…
Q: Now suppose the government imposes a quantity tax of $t per lesson on consumers. System (4. A) above…
A: The demand function is the mathematical relationship between the quantity demanded and the price.…
Q: A consumer has a utility function 9*sqrt(x1)+x2 and a budget constraint of 8x1+6x2 ≤10000. How much…
A: Utility means satisfaction. Utility is maximized where the MRS is equal to the price ratio of two…
Q: Using the supply and demand framework, predict the impact on the equilibrium quantity of cars if…
A: Consumer income is one of the determinants of the demand curve. When consumer income decrease then…
Q: The unemployment rates began to increase sharply in 2008, as the financial crisis deepened and…
A: From late 2007 to early 2009, the world experienced a global financial crisis (GFC). During the GFC,…
Q: Exported goods and services were worth $2500 which were $500 more than what it had imported in 2016.…
A: From the given facts: X = Y + $500 (the exports were $500 extra than the imports) consumption…
Q: Find Future value of the following Cash Flow and Plot the Yearly End balance if the interest rate is…
A: The future value of a cash flow refers to its value at a later point in time in accordance with its…
Q: If the GDP deflator rose from 106.2 in 1998 to 112.3 in 2000, what was the rate of inflation?
A: Nominal GDP is the measure of GDP in current year price. Real GDP is the measure of GDP in base…
Q: using the toilet paper rise in demand in early 2020 due to thee pandemic, illustrate a diagram of…
A: The term "equilibrium" in economics refers to the situation where there is an equal amount of supply…
Q: The table below is the current balance sheet for the Maple Leafs Bank. Answer the following…
A: Required reserves are the minimum amount of funds that a financial institution, such as a bank or…
Q: d) Suppose that for every $1 change in investment spending, aggregate demand changes by $4. Draw the…
A: Aggregate demand refers to the total amount of goods and services that all buyers in an economy are…
Q: hy were banks originally created? How has their purpose evolved over time?
A: A bank is a type of financial institution that takes client deposits and lends or invests the money.…
Q: Fill in the blanks to make the following statements correct. a. Macroeconomic equilibrium occurs at…
A: Aggregate demand refers to the term used in macroeconomics to tell us the total demand for products…
Q: True or false question: If you co-sign for a loan you are responsible if the other doesn’t pay?
A: Co-signer liability refers to the legal obligation of co-signer to repay the debt if the primary…
Q: In the model SIM of chapter 3 of the book of Godley, Wynne, and Marc Lavoie. 2012. Monetary…
A: To simulate the effect of an increase in government expenditure, we can use the SIM model presented…
Q: The federal funds rate is the interest rate at which: prominent companies borrow from banks. banks…
A: The interest rate at which depository institutions (such as banks and credit unions) lend and borrow…
Q: Year 1 -2345 Output of Cheese 7 10 13 16 25 Price $15 18 25 23 21 Price Index PI: 120, NGDP: $180,…
A: Price index is calculated by dividing the base year price from current year price and then…
Q: Consider a hypothetical closed economy in which households spend $0.80 of each additional dollar…
A: Marginal propensity to consume is the proportion of change in consumption due to change in…
Q: Which of the following statements hold true for the sampling distribution of B and B₁ under the…
A: Ordinary Least Square Assumption states that the error term is independent of the values of the…
Q: A news website might have this headline: “Today the Fed lowered the federal funds rate from 5.5…
A: The interest rate at which depository institutions (like banks) lend reserve balances to other…
Q: the system of GDP accounting, which of the following is counted towards government purchases? All…
A: GDP by Expenditure Method = personal consumption Expenditure + Gross private Investment + Government…
Q: The dollar depreciated against the euro by: a. -33%. b. 3%. c. 50%. d. 33%. Table: Currency Values :…
A: Given that: Currency 2007 2008 1 dollar 1.5 Euros 1 Euro
Q: Capital Budgeting using Net Present Value Method PV of Cost of Investment PV of Net Cashflow: Net…
A:
Q: 5. How can lowering replacement rates or increasing the retirement age affect the Social Security…
A: The Social Security tax rate refers to the percentage of an individual's earnings that is paid as…
Q: True or false question: Credit Card companies make the most money when you pay them back right away?
A: The bank or credit union that issues the credit card and extends the loan for the money used in a…
Q: 3. Let the economy be under a fixed exchange rate regime. Suppose the foreign interest rate…
A: Introduction A fixed interest rate is an unchanging rate charged on a liability, such as a loan or…
Q: Consider a firm's short-run and long-run supply curves, pictured below. In the short run, one of the…
A: The marginal cost (MC ) refers to the rise in production costs calculated by the production of…
Q: Student question Time Left : 00:09:39 5) Quasimodo consumes earplugs and other things. His utility…
A: The utility function quantitatively depicts the value or satisfaction that a person derives from…
Q: Cobb-Douglas: u(x₁, x₂) = x5x25; mo = 200; p₁ = 10; P₂ = 20; p₁ = 8. Solve for the CV and EV due to…
A:
Q: Windies Cricket manufactures Windies supporter jerseys. The quantity q, of these jerseys demanded…
A: Revenue is the profit of the firm from the sale of products in the market at market price and the…
Q: A country's Central Bank is characterised by the following Loss function (L) and Phillips Curve…
A:
Q: ou estimated the following regression. What value would you predict for Y, if X = 56? (Round your…
A: Regression analysis is primarily used to identify formulae that can accurately describe the data.…
Q: 2. [This question shows that our marginal utility calculations for consumer behav- ior essentially…
A: Marginal utility: The utility function determines all those consumption bundles that provide the…
Q: Q1. What is a void contract? A contract that is not legally binding. A contract that is enforceable…
A: A void contract is a contract that is not enforceable by law.
Q: O E. studies the statistical dependence of an outcome variable on an exogenous variable (or…
A: Regression is a statistical tool that is associated with dependent and independent variables. Here…
Q: why do credit cards charge higher interest than home and car loans? please help me with this…
A: A credit card is a type of payment card that enables the cardholder to borrow money from a bank or…
Q: Using the figures below, construct a complete picture of the vicious circles of economic and…
A: The vicious cycle of poverty is a self-perpetuating circle of poverty from which it is almost…
Q: Could you use formulas instead of tables? please
A: To determine the present value the flows of cash in future will be discounted at the given rate of…
Q: Which of the following is true of intra-industry trade? Multiple Choice Intra-Industry trade is…
A: Trade refers to the exchange of goods, services, or capital between countries or regions.…
Q: Typically, the marginal cost curve is marginal returns suggests that added units are O…
A: In economics the marginal cost (MC) curve is defined as the change in total cost divided by the…
Q: 1. Define Gross Domestic Product (GDP) and discuss how it is used as a measure of living standard…
A: Since you have posted multiple questions, we will provide the solution to only the first question as…
Q: Discuss the milestones of capital market effeciency from 1970 to date
A: The Efficient market Hypothesis (EMH) is a theory in finance that suggests that financial markets…
Q: 1. Calculate the elasticities of the Marshallian demand function for good 1.
A: Price elasticity of demand: It measures the percentage change in the quantity demanded for a 1%…
Q: A series of oil price increases in the 1970s drove the U.S. economy into stagflation. In response to…
A: When the supply of bonds increased => money supply in the economy decreased => for the given…
Q: An individual is consuming two goods, good x and good y. His utility function is given as Perfect…
A:
Q: Which statement about banks and risk is not correct? Select one: a. Banks face liquidity risks from…
A: While it is actually the case that banks make money through their loaning exercises, how much bank…
Q: If the U.S. Congress passes a budget for this year that includes goverment spending of $5 trillion…
A: When the U.S. Congress passes a budget, it sets out how much money the authorities plans to spend on…
the number of people
a. the labor force minus the number of people employed.
b. the labor force plus the number of people employed.
c. the number of people employed divided by the labor force.
d. the number of people employed minus the labor force.
Step by step
Solved in 2 steps
- Compute the (a) Number of unemployed, (b) Unemployment-rate, (c) Population, and (d) Labor force participation rate, using this data: Number of employed = 1800 million Not in labour force =730 million Number of Labour force =2500 millionSuppose in Myanmar for 2012, the number of adult population was 239.67 million Among them, 20% are unemployed and 30% were employed. Calculate the number of people who are not in the labor force Calculate the labor force. Calculate the unemployment rate Calculate the labor force participation rateSuppose in Myanmar for 2012, the number of adult population was 239.67 million Among them, 20% are unemployed and 30% were employed. a. Calculate the number of people who are not in the labor force b. Calculate the labor force. c. Calculate the unemployment rate d. Calculate the labor force participation rate
- Adult population 2,189,000 Employed 1,043,000 Not in the labour force 723,000 How many adults are in the labour force? What is the unemployment rate? How many adults are unemployed? What is the labour force participation rate?30. In a country total population is 365 million. Of that, the number of under the age of 16 is 255 million. Among the rest of the population, 10 million are out of labor force. 95 million are employed among those who are in labor force. What is the unemployment rate?In a given community, the unemployment rate is 5% and their working-age population is 4 Million. Labor force participation was 82% in this community in December of 2009. In January 2010 a new social security policy was implemented, allowing people to retire and collect their social security benefits earlier than expected. 200 thousand older workers retired at the end of January due to the new policy. Further, 2000 senior citizens that were out of the labor force(in December) started collecting their social security retirement benefits in January due to their past contributions. What is the Unemployment rate in February assuming everything else was fixed at their December values? ( Please round your answer to include 2 decimal places, do not include the percent sign in the answer. That is, If you find 8.33333% is the new unemployment rate, input your answer as 8.33)
- The CPI measures approximately the same economicphenomenon asa. nominal GDP.b. real GDP.c. the GDP deflator.d. the unemployment rate.Suppose the unemployment rate is 5%, participation rate is 80%, out of the labour force is 100 million. What is employment (in million)A painting from an Italian art gallery bought by a Canadian citizen a month ago, is considered when computing the current Canadian ________. An investment in some new machines, made by Roots, a publicly held Canadian brand, is taken into account when computing the current Canadian ________ but not the ________ Select one: a. CPI, GDP deflator, CPI b. GDP deflator, CPI, CPI c. CPI, CPI, GDP deflator d. GDP deflator, CPI, GDP deflator
- 2020 Q1 GDP (billions of 2010 NZ Dollars) 63.8 2020 Q1 GDP (billions of 2020Q1 NZ Dollars) 79.2 2020 Q2 GDP (billions of 2010 NZ Dollars) 57.5 2020 Q2 GDP (billions of 2020Q2 NZ Dollars) 71.2 2020 Q1 CPI (2017 Q2 = 100) 105.2 2020 Q2 CPI (2017 Q2 = 100) 104.7 Calculate Africa's inflation (using the GDP deflator) between the first and second quarters of 2020.Considering the other variables constant which of the following statement is true?a) The CPI is less than the GDP deflatorb) The CPI is greater than the GDP deflatorc) The CPI and the GDP deflator are always equald) The CPI and the GDP deflator are not always equalSuppose 35 000 000 people are in the labour force, 18 000 000 people are employed in the public sector and 15 000 000 people are employed in the private sector. How many people are unemployed?