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EC 1.
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Natural rate of unemployment is given as:
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EC.1. Suppose the Bureau of Labor Statistics found that in the current month 2% of the...
1. Find data from the Bureau of Labor Statistics website (www.bls.gov) indicating the current unemployment rate...
1. Find data from the Bureau of Labor Statistics website (www.bls.gov) indicating the current unemployment rate in the United States. How many people are actually unemployed? What kind of unemployment would you say most of these people are? Why? Unemployment Rate: _______________ Number unemployed: ________________
Number 2 and 3 please. 2. Using the data for income distribution found in the table...
Number 2 and 3 please.
2. Using the data for income distribution found in the table below, compare the extent of income inequality between USA and Sweden using as many measures of income inequality as possible. % of Total National Income United States Sweden Top quintile of income earners 50.2 Fourth quintile of income earners 23.4 Middle quintile of income earners 14.6 Second quintile of income earners 8 Bottom quintile of income earners 3.3 37.0 22.7 17.6 14.0 3. The...
Ε Haiti $810.00 Germany $57.990.00 45% Ecuador $6,000.00 23% lapan $38,880.00 12% Kenya $1,310.00 B 1...
Ε Haiti $810.00 Germany $57.990.00 45% Ecuador $6,000.00 23% lapan $38,880.00 12% Kenya $1,310.00 B 1 The World Bank World Development ihdicators 2 2015 Statistics Philippines 3 Gross National Income per Capita $3,520.00 4 Agricultural land (% of Land Area) 42% Current health expenditure (% of 5 GDP) Current health expenditure per capita $126.90 6 (current USS) Educational attainment, at least Bachelor's or equivalent, population n/a 7 25+, total (%) (cumulative) 7% 115 9% 11% 5% $53.60 $4,591.80 $530.10 $3,732.60...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
Multiple choice. Circle the best answer. 3 points each 1) Silver is an example of a...
Multiple choice. Circle the best answer. 3 points each 1) Silver is an example of a A) commodity money, B) barter money, C) fiat money. D) representative money. 2. Which of the following functions of money would be violated if inflation were high? A) unit of account B) store of value C) certificate of gold D) medium of exchange 3. If nominal GDP is $600 billion and the money supply is SO billion, the velocity of money is A) 0.125....
Q1 Which of the following are included and which are excluded in calculating this year's GDP....
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
Year Period 1 2. Current Widget Price $0.75 1.35 Base Widget Price $0.75 0.75 0.75 0.75...
Year Period 1 2. Current Widget Price $0.75 1.35 Base Widget Price $0.75 0.75 0.75 0.75 1.60 2.10 According to the above table, in Year 3, the price index for widgets is 180. 46.9. 213.3. 100. Component Currency Coins Transaction Deposits Saving Deposits Travelers' Checks Small Denomination Time Deposits Money Market Mutual Fund Shares Ovemight Eurodollars Available Credit on Credit Cards Amount (Billions of dollars) $600 35 570 450 8 2,144 1,430 16 1,000 According to the above table, the...
Labor Economics, multiple choice questions 1. In the leisure-income model, the wage constraint shows a. the...
Labor Economics, multiple choice questions
1. In the leisure-income model, the wage constraint shows a. the points that maximize a worker's utility b. all points that are equally preferred c. the wage rates that affect work decisions d. the available combinations of leisure and income 2. The slope of a wage constraint reflects the: a. rate at which a person is willing to substitute leisure for income c. income effect b. price of leisure d. substitution effect 3. When a...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED....
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
1. Structural unemployment is the result of A) short-term movement of workers between jobs. B) job...
1. Structural unemployment is the result of A) short-term movement of workers between jobs. B) job search for first-time job seekers. C) technological change or permanent changes in industry demand. D) business cycle fluctuations. E) recurring changes in the hiring needs of certain industries. 2. The real interest rate equals A) the nominal interest rate minus the rate of unexpected inflation. B) the rate of expected inflation minus the nominal interest rate. C) the nominal interest rate minus the rate...
Number 2 and 3 please.
2. Using the data for income distribution found in the table below, compare the extent of income inequality between USA and Sweden using as many measures of income inequality as possible. % of Total National Income United States Sweden Top quintile of income earners 50.2 Fourth quintile of income earners 23.4 Middle quintile of income earners 14.6 Second quintile of income earners 8 Bottom quintile of income earners 3.3 37.0 22.7 17.6 14.0 3. The...
Ε Haiti $810.00 Germany $57.990.00 45% Ecuador $6,000.00 23% lapan $38,880.00 12% Kenya $1,310.00 B 1 The World Bank World Development ihdicators 2 2015 Statistics Philippines 3 Gross National Income per Capita $3,520.00 4 Agricultural land (% of Land Area) 42% Current health expenditure (% of 5 GDP) Current health expenditure per capita $126.90 6 (current USS) Educational attainment, at least Bachelor's or equivalent, population n/a 7 25+, total (%) (cumulative) 7% 115 9% 11% 5% $53.60 $4,591.80 $530.10 $3,732.60...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
Multiple choice. Circle the best answer. 3 points each 1) Silver is an example of a A) commodity money, B) barter money, C) fiat money. D) representative money. 2. Which of the following functions of money would be violated if inflation were high? A) unit of account B) store of value C) certificate of gold D) medium of exchange 3. If nominal GDP is $600 billion and the money supply is SO billion, the velocity of money is A) 0.125....
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
Year Period 1 2. Current Widget Price $0.75 1.35 Base Widget Price $0.75 0.75 0.75 0.75 1.60 2.10 According to the above table, in Year 3, the price index for widgets is 180. 46.9. 213.3. 100. Component Currency Coins Transaction Deposits Saving Deposits Travelers' Checks Small Denomination Time Deposits Money Market Mutual Fund Shares Ovemight Eurodollars Available Credit on Credit Cards Amount (Billions of dollars) $600 35 570 450 8 2,144 1,430 16 1,000 According to the above table, the...
Labor Economics, multiple choice questions
1. In the leisure-income model, the wage constraint shows a. the points that maximize a worker's utility b. all points that are equally preferred c. the wage rates that affect work decisions d. the available combinations of leisure and income 2. The slope of a wage constraint reflects the: a. rate at which a person is willing to substitute leisure for income c. income effect b. price of leisure d. substitution effect 3. When a...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
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