Homework Answers
1. Retired population is not part of the labor , they are only counted as population aged 16 and above , & Total population.
2. The recent recession saw the largest fall in output , investment and consumption and also largest increase in unemployment that means in 2007-2009 there is largest fall in employment.
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checking to see if these are correct Many millions of people in the U.S. are retired. Which of the following (th...
Many millions of people in the U.S. are retired. Which of the following (there might be more than one) would they be cou...
Many millions of people in the U.S. are retired. Which of the following (there might be more than one) would they be counted in? Group of answer choices unemployed more than 27 weeks or more a discouraged worker working part time but wants full time work marginally attached frictionally unemployed structurally unemployed unemployed employed population aged 16 and above total population
Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one....
Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one. They lost their previous job but their skills are very current and in demand. Which of the following categories would they be in? There may be more than one. unemployed more than 27 weeks or more a discouraged worker working part time but wants full time work marginally attached frictionally unemployed structurally unemployed unemployed employed...
Consider an adult who lost their job last week and now has moved to a new...
Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one. They lost their previous job but their skills are very current and in demand. Which of the following categories would they be in? There may be more than one . Group of answer choices unemployed more than 27 weeks or more a discouraged worker working part time but wants full time work marginally attached frictionally...
Perhaps the part of the economy that people see most directly is the labor market. These...
Perhaps the part of the economy that people see most directly is the labor market. These include topics like employment, unemployment, and related aspects of this market. These questions and their answers (released after this assignment is due) will help you prepare for the next quiz. Category Millions total population 310 population 16 and above 250 employed 192 unemployed 8.00 structurally unemployed 4.00 frictionally unemployed 2.00 unemployed more 27 weeks or more 2.00 marginally attached workers 2.00 discouraged workers 1.00...
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....
2.5. Here are data on the number of people bitten by alligators in Florida over a...
2.5. Here are data on the number of people bitten by alligators in Florida over a 36-year period. Make two graphs of these data to illustrate why you should always make a time plot for data collected over time a) Make a histogram of the counts of people bitten by alligators. The distribution has an irregular shape What is the midpoint of the yearly counts of people bitten? b) Make a time plot. There is a great variation from year...
The figure shows the fluctuations in aggregate output since 1900. 17.000 TIL 11.000 Recession 2008-2009 Recession...
The figure shows the fluctuations in aggregate output since 1900. 17.000 TIL 11.000 Recession 2008-2009 Recession 1980-1982 Recession Recession 2001 1974-1975 Recession Vietnam 1990-1991 Firse oil shock ou shock Korean World War War Il Aggregate output (real GDP) in billions of 200 Roaring Twenties World War! Tie Cat mm 1920 1900 1910 LLLLLLLLL 1950 1960 Years LLLLLLLLLLLLLLLLLLL 1970 1980 1990 2000 2010 2017 MyLab Economics Real-time data According to the figure, which of the following is true regarding business cycles...
Based on the above table answer the following questions; What year is the base year? (15) ...
Based on the above table answer the following
questions;
What year is the base
year?
(15)
__________________________________________
In which year, did we experience deflation?
(15)
______________________________
What was the rate of inflation between 1970 and 1980?
(15) ________________________
If you earned $10,000 in 1990, how much would you have
had to earn in 2016 in order to maintain the same purchasing power?
(5) ___________________________________
Table 4.3 1970 - 2018 Consumer Price Index for All Urban Consumers Price Price Price Price...
Use it and Excel to answer this question. It contains the United States Census Bureau’s estimates...
Use it and Excel to answer this question. It contains the United States Census Bureau’s estimates for World Population from 1950 to 2014. You will find a column of dates and a column of data on the World Population for these years. Generate the time variable t. Then run a regression with the Population data as a dependent variable and time as the dependent variable. Have Excel report the residuals. (a) (4 marks) Based on the ANOVA table and t-statistics,...
Which of the following is a shortcoming of the unemployment rate? Choose one or more: A....
Which of the following is a shortcoming of the unemployment
rate?
Choose one or more:
A. There are too few observations collected monthly. The
small sample size causes inaccurate measurements.
B. Temporary workers are not counted as
employed.
C. If someone is working at a lower-paying job but is
qualified for a higher-paying job, he/she is counted as
unemployed.
D. The unemployment rate does not include discouraged
workers.
Which of the following can lower the level of frictional
unemployment over...
Consider an adult who lost their job last week and now has moved to a new city and is actively searching for a new one. They lost their previous job but their skills are very current and in demand. Which of the following categories would they be in? There may be more than one. unemployed more than 27 weeks or more a discouraged worker working part time but wants full time work marginally attached frictionally unemployed structurally unemployed unemployed employed...
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....
2.5. Here are data on the number of people bitten by alligators in Florida over a 36-year period. Make two graphs of these data to illustrate why you should always make a time plot for data collected over time a) Make a histogram of the counts of people bitten by alligators. The distribution has an irregular shape What is the midpoint of the yearly counts of people bitten? b) Make a time plot. There is a great variation from year...
The figure shows the fluctuations in aggregate output since 1900. 17.000 TIL 11.000 Recession 2008-2009 Recession 1980-1982 Recession Recession 2001 1974-1975 Recession Vietnam 1990-1991 Firse oil shock ou shock Korean World War War Il Aggregate output (real GDP) in billions of 200 Roaring Twenties World War! Tie Cat mm 1920 1900 1910 LLLLLLLLL 1950 1960 Years LLLLLLLLLLLLLLLLLLL 1970 1980 1990 2000 2010 2017 MyLab Economics Real-time data According to the figure, which of the following is true regarding business cycles...
Based on the above table answer the following
questions;
What year is the base
year?
(15)
__________________________________________
In which year, did we experience deflation?
(15)
______________________________
What was the rate of inflation between 1970 and 1980?
(15) ________________________
If you earned $10,000 in 1990, how much would you have
had to earn in 2016 in order to maintain the same purchasing power?
(5) ___________________________________
Table 4.3 1970 - 2018 Consumer Price Index for All Urban Consumers Price Price Price Price...
Which of the following is a shortcoming of the unemployment
rate?
Choose one or more:
A. There are too few observations collected monthly. The
small sample size causes inaccurate measurements.
B. Temporary workers are not counted as
employed.
C. If someone is working at a lower-paying job but is
qualified for a higher-paying job, he/she is counted as
unemployed.
D. The unemployment rate does not include discouraged
workers.
Which of the following can lower the level of frictional
unemployment over...
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