1. The government reduces the cost of sending children to daycare centers. What happens to the...
1. The government reduces the cost of sending children to daycare centers. What happens to the labor force participation rate?
2. Assume tuition and fees at North Carolina State University cost $5,000 in 2004 and $9,000 in 2012. If the price index was 190 in 2004 and 230 in 2012, convert the 2004 tuition in 2012 dollars.
Homework Answers
1) labor force participation rate is the proportion of working age population which is either working or looking for work,
Government reduces cost of sending children to daycare centers which reduces the expenses of labor class to run their family which will induce them to enjoy some leisure and reduce their working hours. It will reduce the efforts which people put on looking for a work and reduce labor force participation rate.
2) University cost in 2004 = $5,000
University cost in 2012 = $9,000
Price Index in 2004 = 190
Price Index in 2012 = 230
2004 tuition cost in 2012 dollars = [University cost in 2004 * (Price Index in 2012 / Price Index in 2004)] = [$5,000 * (230 / 190)] = 6,052.63
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1. The government reduces the cost of sending children to
daycare centers. What happens to the...
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1. The government decreases the amount of unemployment benefits received by the unemployed. Which type of unemployment will this policy decrease? 2. The government reduces the cost of sending children to daycare centers. What happens to the labor force participation rate? 3. Assume tuition and fees at North Carolina State University cost $5,000 in 2004 and $9,000 in 2012. If the price index was 190 in 2004 and 230 in 2012, convert the 2004 tuition in 2012 dollars.
The government reduces the cost of sending children to daycare centers. What happens to the labor...
The government reduces the cost of sending children to daycare centers. What happens to the labor force participation rate?
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Assume tuition and fees at North Carolina State University cost $5,000 in 2004 and $9,000 in...
Assume tuition and fees at North Carolina State University cost $5,000 in 2004 and $9,000 in 2012. If the price index was 190 in 2004 and 230 in 2012, convert the 2004 tuition in 2012 dollars.
.Assume tuition and fees at North Carolina State University cost $5,000 in 2004 and $9,000 in...
.Assume tuition and fees at North Carolina State University cost $5,000 in 2004 and $9,000 in 2012. If the price index was 190 in 2004 and 230 in 2012, convert the 2004 tuition in 2012 dollars.
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Hi, i just need the highlighted ones. Thank you!
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