4 what is yolo county's location quotient intechnológy for the month of april 2021?PROBLEM BGiven below is a table of employment statistics in the Technology Industry, for both Yolo countyand the U.S. as a whole. Calculate the Location Quotient for Yolo county's technology sector ascompared the United States.All data here for April 2021Yolo County Employment, Technology TotalUS Employment, Technology TotalUS Employment, All-Industry TotalYolo County, Employment, All-Industry Total1,64788,1142,451,582178,014

Location Quotient is used to compare the employment status between two area and industries. It is…

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ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter8: Productivity And Growth

Section: Chapter Questions

Problem 3.6P

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While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
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 frictional unemployment? Give examples of frictional unemployment.
Assess whether the following would be counted as unemployed in the Current Employment Statistics survey. A husband willingly stays home with children while his wife works. A manufacturing worker whose factory just closed down. A college student doing an unpaid summer internship. A retiree. Someone who has been out of work for two years but keeps looking for a job. Someone who has been out of work for two months but isnt looking for a job. Someone who hates her present job and is actively looking for another one. Someone who decides to take a part time job because she could not find a full time position.
Why do you mink the U.S. experience with inflation over the last 50 years has been so much milder than in many other countries?
What is the difference between being unemployed and being out of the labor force?
Is it desirable to eliminate natural unemployment? Why or why not? Hint: Think about what our economy would look like today and what assumptions would have to be met to have a zero rate of natural unemployment.
How to Measure Changes in the Cost of Living introduced a number of different price indices. Which price index would be best to use to adjust your paycheck for inflation?

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what is yolo county's location quotient in technology for the month of april 2021?