Question

be Employment/Business Cycles Assignment Chp.9 Use your textbook and lecture notes to answer the following questions The discussion question (1 and 2) must be a minimum of 2 paragraphs each, either typed (12 font) or written on a separate sheet of paper,f can't read your writing, please, type to receive full credit. 1. Discuss the worst economic times and the best economic times use economic terms. 2. Discuss the best periods of employment using a periodic time table. 3. Using the following data, compute the (a) Unemployment rate, (b) Employment rate, and (c) Labor force participation rate. The civilian, institutional, persons age 16 and older, retired individuals, people serving in the military are as well included. Total Population 310 million Number of employed persons 137 million Unemployed persons 12 million 4. Based on the following data, compute the (a) unemployment rate rate (b) cyclical unemployment rate, and (c) structural unemployment The frictional unemployment rate-2.7% Natural unemployment rate-6.5% Civilian labor force 173 million Employed persons total 152 million

Answer 1

1. Unemployment is the major factor influence the economy of a country. The government in most of the countries provide employment for all the citizens of the country. Suppose, if it has failed to give employment, the government give at least unemployment fund to all the respective persons. In most of the developed countries, either they provide employment OR they give unemployment fund for the respective persons. For example of the countries U.S, U.K etc.

In some other developing countries, they are unable to provide employment and also unemployment fund to the respective person. They failed in both cases so their economy will completely fell in the bad scenario. Because the goods and services consumption of the country will not reach more so this negative impact show on GDP(Gross Domestic Product). If the GDP percentage recorded low, other foreign countries will not initiate to do Investments in this country so the FDI(Foreign Direct Investments) freeze completely. If the FDI’s not done in a country so the other foreign companies and industries will not establish. If the companies not established, the unemployment percentage increased day by day or year by year. Example of developing countries like India and underdeveloped country is Zimbabwe etc. So this is the worst economic times will happen based on the lack of employment in the country.

2. Everything has a particular time like the same for periodic time table had for employment also. Normally the financial period beginning is the very most important for all the newly started activities like that employment have a good opportunities’ at this time so the periodic table will start at the moment of every year January 1^st onwards.

In the period of December 31^st is the financial year end so the employment opportunities are very less so we may not expect any opportunity in the last couple of month in the period of fiscal year end. In the U.S, the financial year beginning is a very crucial time and most of the opportunities will open at this periodic time. As per the periodic time table of employment will gradually decreasing to the year mid and end period of December.