QUESTION 6 Save Answer Suppose last year, there are 122 million people employed in the economy....
QUESTION 7 3 points Save Answer Suppose last year, there are 101 million people employed in the economy. The total population last year was 234 and the unemployment rate was 2.596. How many millions of people are not in the labor force? Round your answer to 2 digits after the decimal point. Leave out the unit of measurement that is, if your answer is 1.23 millions, type 1.23, not "1.23 millions", not 1.230.000. QUESTION 8 3 points Save Answer Suppose...
QUESTION 29 3 points 3 points Save Answer Save Answer happens when there is a decrease in the overall price level. QUESTION 30 3 points Save Answer This morning in the supermarket, you found an old shopping list in your wallet and the receipt from the last year for all the things on the list. You wanted to do a quick economics experiment so you bought everything on the list again for $122. The receipt says that on the same...
In an economy, there are 61 million of employed people, 4 million of unemployed people, and the population is 109 million. What is the unemployment rate? Express your answer as percentages rounded to 2 decimals if necessary (i.e. 23.567% should be written as 23.57)
Suppose the economy has a population of 40 million people and a labor force participation rate of 50%. Furthermore, suppose the natural rate of unemployment in the economy is 7%. If the current number of unemployed people is 3 million people, what is the rate of cyclical unemployment rate? Answer: % Your Answer:
help Explan. 1.8 Suppose the number of employed people in an economy is 312,545,372. The unemployment rate in this economy is 7.4 percent, or 074, and the labor force participation rate is 80 percent, or 80. a. What is the size of the labor force? b. How many people are unemployed? c. What is the size of the working-age population? On og notion in Eurone nay higher unemployment
9. (3 points) Suppose there are 90 million people who are employed. The unemployment rate is 10%. 20 million people who are at least 16 years old are not in the labor force. The labor force has _ million people. The working age population is million. There are million unemployed people.
People hold $521 million of bank deposits but no currency. Banks have made $324 million dollars of loans and are fully loaned up. If now the banks choose to hold $28 million more in reserves, by how many millions would bank loans fall if the Fed takes no action at all? Round your answer to 2 decimal places. Do not include the unit of measurement in your answer. For example, if your answer is 1.23 millions, type 1.23 in the...
1. Suppose 21 million people are unemployed today in an economy. If the rate of job separation is 0.02 per month and the rate of job finding is 0.08 per month, what is the natural rate of unemployment? If labor force remains unchanged over time and 64 million people are employed in the steady-state of the economy, how many people are unemployed in the steady-state?
A.How many people are unemployed in each year? B. How many people are employed in each year? 5, Suppose the following data describe a nation's population: Year 1 310 million 150 million 8 percent Year 2 315 million Population Labor Force 160 million 7 percent Unemployment rate . How many people are unemployed in cach year? (5 pts) How many people are employed in ecach year? (5 pts)
Suppose an economy is given by: Population =219 million Working-age population =113 million Labor force =86 million The number of people employed =80 million The number of people unemployed =6 million The labor force participation rate for this economy is ______ %. (Enter your response rounded to one decimal place