LABOR ECON-CONNECT ACCESS
LABOR ECON-CONNECT ACCESS
8th Edition
ISBN: 9781264604197
Author: BORJAS
Publisher: MCG
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Chapter 12, Problem 13P
To determine

Explain how the probability of finding a job over time is different under the status quo and proposed scheme.

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Your salary is currently $95,000.  The CPI last year was 220 and the CPI today is 235.  What should your new salary equal once it is adjusted for inflation?   Question 10 options:   a)  $101,477   b)  $98,921   c)  $96,000   d)  $99, 557
There are 6060 million unemployed people in a country, 29%29% of which have been unemployed for less than five weeks. The number of people who have been unemployed for five to fourteen weeks is 1212 million less than the number of people who have been unemployed for less than five weeks. People who have been unemployed for fifteen to twenty-six weeks account for 14%14% of the total unemployed population.Calculate the percentage of people who have been unemployed for twenty-seven weeks or more. Enter your answer in the box below..
John works for a government agency in California making $70,000 per year. He is being transferred to a branch office in Tennessee. The salary reduction associated with transfer is 11%. The Cost of Living Index (similar to consumer price index or equipment price index) in California is 132 whereas the Cost of Living Index in Tennessee is 95. a. How much extra income does John made as a result of the reduced Cost of Living? b. What is the adjusted salary of John based on the Cost of Living?
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