Homework Answers
"C"
During the recession of 1990-91 the labor force participation dropped the most, that was from 75.1 to 73.6% that is 1.5%.
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For young people, a jobless summer In July 2009, the youth unemployment rate hit 18.5 percent—the...
Question 39 (13.5 points) At the end of 2009, unemployment rate in U.S. was 9.9 percent...
Question 39 (13.5 points) At the end of 2009, unemployment rate in U.S. was 9.9 percent and labor force participation rate was 63 percent. In mid 2010, unemployment rate was still at 9.9 percent, however, labor force participation rate went up to 65.2 percent. Many economic analysts were saying that U.S. economy is recovering as anticipation for labor market recovery is high. Why the economy is recovering when unemployment rate stays at the same rate at 9.9 percent? Explain succinctly....
The following table shows the inflation rate and unemployment rate, both in percent, for the years...
The following table shows the inflation rate and unemployment rate, both in percent, for the years 1981-2008. We will investigate some methods for predicting unemployment. 4.4 X (L1) y (L2) Year Inflation Unemployment 1981 8.9 7.6 1982 3.8 9.7 1983 3.8 9.6 1984 3.9 7.5 1985 3.8 7.2 1986 1.1 7 1987 6.2 1988 4.4 5.5 1989 4.6 5.3 1990 6.1 5.6 1991 3.1 6.8 1992 2.9 7.5 1993 2.7 6.9 1994 2.7 6.1 1995 2.5 5.6 1996 5.4 1997...
Question 10 (4 points) Between 2013 and 2014, the economy experienced a growth rate of 1.8%...
Question 10 (4 points) Between 2013 and 2014, the economy experienced a growth rate of 1.8% in real GDP per capita. If nominal GDP had increased by 3% and the population growth rate was 1%, then the annual inflation rate would be a) 0.2% Ob) - 1.2% OC) 1.2% d) 2% Question 11 (8 points) Before Great Recession in 2008-9, unemployment rate in U.S. was 4%. At the end of 2009, unemployment rate in U.S. was 9.9 percent and labor...
Using the table below, find the average duration, the minimum duration, and the maximum duration of...
Using the table below, find the average duration, the minimum duration, and the maximum duration of expansions in the United States since 1929 Recession Duration onths) Duration of subsequent expansion onths) 50 Highest Unesployment Rate (X) 24.9 19.0 3.9 5.9 5.5 6.8 Change in real GDP (3) 28.8 -5.5 RES Peak date (beginning) Aug. 1929 May 1937 Feb. 1945 Nov. 1948 July 1953 Aug 1957 Apr 1960 Dec. 1969 Nov 1973 Jan. 1980 July 1981 July 1990 Mar 2001 Dec....
Topic: Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any...
Topic: Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any Web browser to search for the words "European unemployment." Just by scanning the headlines, see how many possible explanations you can list. Why Is Unemployment So High in Europe? Between World War II and the mid-1970s, unemployment in Western Europe was low. From 1960 to 1974, for example, the unemployment rate in France never got as high as 4 percent. The worldwide recession of...
1) Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any...
1) Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any Web browser to search for the words “European unemployment.” Just by scanning the headlines, see how many possible explanations you can list. Why Is Unemployment So High in Europe? Between World War II and the mid-1970s, unemployment in Western Europe was low. From 1960 to 1974, for example, the unemployment rate in France never got as high as 4 percent. The worldwide recession of...
macroeconomic Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not...
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
A. Calculate the residual associated with 1990. Part I. A study was conducted to determine the...
A. Calculate the residual associated with 1990.
Part I. A study was conducted to determine the relationship between the number of new single family homes using annual U.S. data for the years 1959-2009: NEWHOME = 863.6 - 276.9 RECESS: +.002 POP - 8.7 INTRATE (62.0) (.0008) (9.5) NEWHOME=# of new single family homes (in thousands of homes) RECESS= 1 if economy is in recession; 0 else POP = civilian population (in thousands) INTRATE= inflation-adjusted prime rate (in %) AVERAGE NEWHOME=...
A. Provide a precise quantitative interpretation of the estimated coefficient on INTRATE Part I. A study...
A. Provide a precise quantitative interpretation of the
estimated coefficient on INTRATE
Part I. A study was conducted to determine the relationship between the number of new single family homes using annual U.S. data for the years 1959-2009: NEWHOME = 863.6 - 276.9 RECESS: +.002 POP - 8.7 INTRATE (62.0) (.0008) (9.5) NEWHOME=# of new single family homes (in thousands of homes) RECESS= 1 if economy is in recession; 0 else POP = civilian population (in thousands) INTRATE= inflation-adjusted prime...
Problem 4 and 5-7 House Appreciation and Mortgage Payments Say that you purchase a house for...
Problem 4 and 5-7 House Appreciation and Mortgage Payments Say that you purchase a house for $272,000 by getting a mortgage for $240,000 and paying a $32,000 down payment. If you get a 30-year mortgage with an interest rate of 7 percent, what are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Рayment What would the loan balance be in ten years? (Round the payment amount to the nearest cent but...
Question 39 (13.5 points) At the end of 2009, unemployment rate in U.S. was 9.9 percent and labor force participation rate was 63 percent. In mid 2010, unemployment rate was still at 9.9 percent, however, labor force participation rate went up to 65.2 percent. Many economic analysts were saying that U.S. economy is recovering as anticipation for labor market recovery is high. Why the economy is recovering when unemployment rate stays at the same rate at 9.9 percent? Explain succinctly....
The following table shows the inflation rate and unemployment rate, both in percent, for the years 1981-2008. We will investigate some methods for predicting unemployment. 4.4 X (L1) y (L2) Year Inflation Unemployment 1981 8.9 7.6 1982 3.8 9.7 1983 3.8 9.6 1984 3.9 7.5 1985 3.8 7.2 1986 1.1 7 1987 6.2 1988 4.4 5.5 1989 4.6 5.3 1990 6.1 5.6 1991 3.1 6.8 1992 2.9 7.5 1993 2.7 6.9 1994 2.7 6.1 1995 2.5 5.6 1996 5.4 1997...
Question 10 (4 points) Between 2013 and 2014, the economy experienced a growth rate of 1.8% in real GDP per capita. If nominal GDP had increased by 3% and the population growth rate was 1%, then the annual inflation rate would be a) 0.2% Ob) - 1.2% OC) 1.2% d) 2% Question 11 (8 points) Before Great Recession in 2008-9, unemployment rate in U.S. was 4%. At the end of 2009, unemployment rate in U.S. was 9.9 percent and labor...
Using the table below, find the average duration, the minimum duration, and the maximum duration of expansions in the United States since 1929 Recession Duration onths) Duration of subsequent expansion onths) 50 Highest Unesployment Rate (X) 24.9 19.0 3.9 5.9 5.5 6.8 Change in real GDP (3) 28.8 -5.5 RES Peak date (beginning) Aug. 1929 May 1937 Feb. 1945 Nov. 1948 July 1953 Aug 1957 Apr 1960 Dec. 1969 Nov 1973 Jan. 1980 July 1981 July 1990 Mar 2001 Dec....
Topic: Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any Web browser to search for the words "European unemployment." Just by scanning the headlines, see how many possible explanations you can list. Why Is Unemployment So High in Europe? Between World War II and the mid-1970s, unemployment in Western Europe was low. From 1960 to 1974, for example, the unemployment rate in France never got as high as 4 percent. The worldwide recession of...
macroeconomic
Macroeconomics HW 6 Unemployment 1. How would you classify the labor-force status (employed, unemployed, not in LF) of the following? a. A bank manager who is currently not working because she took a year off to take care of a newborn child. b. A 14 year old who works 10 hours per week at Six Flags. c. A 16-year-old who is doing 20 hours per week of unpaid work in his father's business. d. An auto worker whose union...
A. Calculate the residual associated with 1990.
Part I. A study was conducted to determine the relationship between the number of new single family homes using annual U.S. data for the years 1959-2009: NEWHOME = 863.6 - 276.9 RECESS: +.002 POP - 8.7 INTRATE (62.0) (.0008) (9.5) NEWHOME=# of new single family homes (in thousands of homes) RECESS= 1 if economy is in recession; 0 else POP = civilian population (in thousands) INTRATE= inflation-adjusted prime rate (in %) AVERAGE NEWHOME=...
A. Provide a precise quantitative interpretation of the
estimated coefficient on INTRATE
Part I. A study was conducted to determine the relationship between the number of new single family homes using annual U.S. data for the years 1959-2009: NEWHOME = 863.6 - 276.9 RECESS: +.002 POP - 8.7 INTRATE (62.0) (.0008) (9.5) NEWHOME=# of new single family homes (in thousands of homes) RECESS= 1 if economy is in recession; 0 else POP = civilian population (in thousands) INTRATE= inflation-adjusted prime...
Problem 4 and 5-7 House Appreciation and Mortgage Payments Say that you purchase a house for $272,000 by getting a mortgage for $240,000 and paying a $32,000 down payment. If you get a 30-year mortgage with an interest rate of 7 percent, what are the monthly payments? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Рayment What would the loan balance be in ten years? (Round the payment amount to the nearest cent but...
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