Exploring Economics
8th Edition
ISBN: 9781544336329
Author: Robert L. Sexton
Publisher: SAGE Publications, Inc
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Chapter 19, Problem 12P
To determine
To compute:
The missing data.
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Fill in the missing data for the following data.
From the information in the table below, calculate the following statistics.
Personal consumption
N1,344
Investment
456
Net nonbusiness interest income
270
Government purchases
480
Profit
406
Employee compensation
1520
Net exports
24
Rents
2
Depreciation
278
Indirect business taxes
156
Corporate retained earnings
249
Net foreign factor income
5
Interest
98
Social Security taxes
150
Transfer payments
300
Personal taxes
214
Statistical discrepancy
0
Gross domestic product b. Gross national product c. Net domestic product
National income e. Personal income f. Disposable personal income
Calculate and interpret the Coefficient of Correlation between the following indicators:
GDP (Current $US) and Goods exports (BoP, current US$)
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- question 2 Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: Total population 24,512,311Military personnel 98,539People below 16 years of age 4,240,102People in elderly care centers 1,232,130People who didn't look for job in last 4 weeks 831,304Housewives whose sole activity is homemaking 3,424,204Volunteers 313,200Employed people by private sector 8,000,690Employed people by public sector and state and local government (federal employees are not included) 715,000Self-employed people 3,423,042People who are jobless, actively looking for a job, and available for work 2,234,100 Calculate the unemployment rate and the labor force of New Zombie. Show your calculation. (See attachment for the formula and directions for this problem). The attachment shows how to calculate the above…arrow_forwardquestion 2 Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: Total population 24,512,311Military personnel 98,539People below 16 years of age 4,240,102People in elderly care centers 1,232,130People who didn't look for job in last 4 weeks 831,304Housewives whose sole activity is homemaking 3,424,204Volunteers 313,200Employed people by private sector 8,000,690Employed people by public sector and state and local government (federal employees are not included) 715,000Self-employed people 3,423,042People who are jobless, actively looking for a job, and available for work 2,234,100 Calculate the unemployment rate and the labor force of New Zombie. Show your calculation. (See attachment for the formula and directions for this problem).arrow_forward13. List the basic trend patterns within the projection methods and determine which is the most commonly used when analyzing demand.arrow_forward
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