You are given the following information. Savings S = 150 Investment I = 100 Taxes T = 250 Government Purchases G = 500 Compute the level of private savings, public savings, and national savings. Answer: The labor force in Pakistan is 15,000,000 and the number of employed is 12,000,000. Calculate the number of unemployed and the unemployment rate. Also discuss it in few lines by comparing it with NRU (natural rate of unemployment 5%). (150 words)
You are given the following information. Savings S = 150 Investment I = 100 Taxes T = 250 Government Purchases G = 500 Compute the level of private savings, public savings, and national savings. Answer: The labor force in Pakistan is 15,000,000 and the number of employed is 12,000,000. Calculate the number of unemployed and the unemployment rate. Also discuss it in few lines by comparing it with NRU (natural rate of unemployment 5%). (150 words)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
- You are given the following information.
Savings S = 150
Investment I = 100
Taxes T = 250
Government Purchases G = 500
Compute the level of private
Answer:
- The labor force in Pakistan is 15,000,000 and the number of employed is 12,000,000. Calculate the number of unemployed and the
unemployment rate. Also discuss it in few lines by comparing it with NRU (natural rate of unemployment 5%). (150 words)
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