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D Question 19 1 pts Suppose the labor force is 100 workers while the number of...
Question 15 1 pts Official unemployment is identified as when: a worker leaves her job to...
Question 15 1 pts Official unemployment is identified as when: a worker leaves her job to attend school full-time. O a worker who is not currently employed is searching for a job unsuccessfully. O a worker retires from her job. a worker who is not currently employed stops searching for a job because she feels there is no job available for her. a worker who is not currently employed stops searching for a job. Question 16 1 pts The main...
Which of the three measures of inflation measures the average price level of the largest number 19. of goods? a. The CP b. The GDP Deflator c. The Producer Price Index d. The Wholesale Price Inde...
Which of the three measures of inflation measures the average price level of the largest number 19. of goods? a. The CP b. The GDP Deflator c. The Producer Price Index d. The Wholesale Price Index 20. Which of the following is NOT a reason why people save a. To smooth consumption over their lives b. To finance their future retirement c. As a way to transfer income from good times to bad d. To increase investment 21. If the...
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...
The overall population for Region A is 90 million people. The labor force contains 44 million...
The overall population for Region A is 90 million people. The labor force contains 44 million people, 35 million people are employed, and 9 million are unemployed. What is the unemployment rate? Round your answer to the nearest whole number. Suppose that a baby boom occurs between the years 2025-2030, similar to the baby boom following World War II. What do you expect to happen to the labor force participation rate in the year 2090-2100, holding all else constant? The...
pls answer all. i will like and thumbs up While economists measure unemployment at the macroeconomic...
pls answer all. i will like and thumbs up
While economists measure unemployment at the macroeconomic level, microeconomic forces are often responsible for this macro aggregate. In other words, the tie between microeconomics and macroeconomics is inevitable when discussing the level of unemployment in an economy. Suppose the following graph represents the market for unskilled labor in a fictional economy. These workers typically represent the young, inexperienced, or uneducated part of the labor force and are therefore most effected by...
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...
1. If the money demand does not depend on the interest rate, then the LM curve...
1. If the money demand does not depend on the interest rate, then the LM curve ______. a. is horizontal b. is vertical c. shifts up to the right d. shifts down to the right 2. If money demand becomes more income elastic, the LM curve will __________. a. become flatter b. shift to the right c. become stepper d. shift to the left 3. The labour force is defined as _________. a. the total number of working age individuals...
In positive economic models of the labor market, it is assumed that workers maximize utility (happiness)....
In positive economic models of the labor market, it is assumed that workers maximize utility (happiness). firms maximize profits. resources are scarce. all of these are true. 2 points QUESTION 13 Because of the principle of __________, marginal product of labor decreases as labor increases. economies of scale. diseconomies of scale. diminishing returns. constant returns to scale. 2 points QUESTION 14 The unemployment rate is computed as the number of employed divided labor force. the number of unemployed...
19. Suppose an island economy's real GDP is $10,000 in 2008 and 512,000 in 2018. The...
19. Suppose an island economy's real GDP is $10,000 in 2008 and 512,000 in 2018. The population is 100 people in 2008 and 110 people in 2018. Show work a. What is the growth rate of real GDP? b. What is the growth rate of real GDP per capita? 20. How many years would it take for real GDP to double if its growth rate is 2962 21. The quantity of goods and services that can be produced by one...
QUESTION 1 1 points Let L represent the number of workers hired by a firm, and...
QUESTION 1 1 points Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (1.8,Q-97) and (L·9,Qo1433. Then the marginal product of h worker is a 46 units of output. b. 143 units of output c1 unit of output. d. 59 units of output. 1 points QUESTION 2 Table t Bob's Bulldozers Cost Table Quantity able Margina erage age Average otal...
Question 15 1 pts Official unemployment is identified as when: a worker leaves her job to attend school full-time. O a worker who is not currently employed is searching for a job unsuccessfully. O a worker retires from her job. a worker who is not currently employed stops searching for a job because she feels there is no job available for her. a worker who is not currently employed stops searching for a job. Question 16 1 pts The main...
Which of the three measures of inflation measures the average price level of the largest number 19. of goods? a. The CP b. The GDP Deflator c. The Producer Price Index d. The Wholesale Price Index 20. Which of the following is NOT a reason why people save a. To smooth consumption over their lives b. To finance their future retirement c. As a way to transfer income from good times to bad d. To increase investment 21. If the...
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...
The overall population for Region A is 90 million people. The labor force contains 44 million people, 35 million people are employed, and 9 million are unemployed. What is the unemployment rate? Round your answer to the nearest whole number. Suppose that a baby boom occurs between the years 2025-2030, similar to the baby boom following World War II. What do you expect to happen to the labor force participation rate in the year 2090-2100, holding all else constant? The...
pls answer all. i will like and thumbs up
While economists measure unemployment at the macroeconomic level, microeconomic forces are often responsible for this macro aggregate. In other words, the tie between microeconomics and macroeconomics is inevitable when discussing the level of unemployment in an economy. Suppose the following graph represents the market for unskilled labor in a fictional economy. These workers typically represent the young, inexperienced, or uneducated part of the labor force and are therefore most effected by...
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...
19. Suppose an island economy's real GDP is $10,000 in 2008 and 512,000 in 2018. The population is 100 people in 2008 and 110 people in 2018. Show work a. What is the growth rate of real GDP? b. What is the growth rate of real GDP per capita? 20. How many years would it take for real GDP to double if its growth rate is 2962 21. The quantity of goods and services that can be produced by one...
QUESTION 1 1 points Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (1.8,Q-97) and (L·9,Qo1433. Then the marginal product of h worker is a 46 units of output. b. 143 units of output c1 unit of output. d. 59 units of output. 1 points QUESTION 2 Table t Bob's Bulldozers Cost Table Quantity able Margina erage age Average otal...
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