Homework Answers
| The price index for a particular year is the weighted average of prices of goods included in a basket of goods for that year. | |||||||||||
| Inflation = (Price index in 2013 - price index in 2012)/price index in 2012 | |||||||||||
| Inflation = (91 - 86)/86 | |||||||||||
| The inflation rate between 2012 and 2013 is 5.81%. | |||||||||||
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Assuming the price index in 2012 was 86 and 91 in 2013, what
was the inflation...
7. Assuming the price index in 2012 was 86 and 91 in 2013, what was the...
7. Assuming the price index in 2012 was 86 and 91 in 2013, what was the inflation rate between 2012 and 2013? (Show all work) (4 pls)
6. Suppose the following data describe a nation's Year 2 Year I 310 million 150 million...
6. Suppose the following data describe a nation's Year 2 Year I 310 million 150 million 8 percent 315 million Population Labor Force Unemployment rate 160 million 7 percent How many people ure unemployed in each year? (5 pts) b. How many people are employed in each ycar? (5 ps) c. If in Year 1 the full-employment level of output was $3,000 billion and the full-employment rate of unemployment was 5.5%, how much potential GDP was lost in Year l...
Suppose the following data describe a nation’s population gap siven the Or found in part (o)...
Suppose the following data describe a nation’s
population
gap siven the Or found in part (o) and -6 understanding of market economies und tdhe uctois teys ned topleasc discuss factors that may cause inlarion or unenaoymcn t6gy Wagal Assuming that the inflation rate from 2015 a $50,000 income in each of the (6 pts) 4. ree years? (Show all workt) What doses t through 2017 is 6%per year, what would be the real value of s. Why are prices important...
A.How many people are unemployed in each year? B. How many people are employed in each...
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)
Year - Suppose the following data describe a nation's population Year 1 Year 2 Population Labor...
Year -
Suppose the following data describe a nation's population Year 1 Year 2 Population Labor force Unemployment rate 300 million 140 million 6 percent 310 million 150 million 6 percent (a) How many people are unemployed in each year? (b) How many people are employed in each year? (c) Compute the employment rate(i.e, Number employed Population) in each year Year 1: Year 2: Year : Year 2: Year l: Year 2: Based on the data in the previous problem,...
I need some help completing this exercise on unemployment and inflation and labor force participation In...
I
need some help completing this exercise on unemployment and
inflation and labor force participation
In an economy, the working-age population is 400 million. Of this total, 320.0 million workers are employed. 12.0 million workers are unemployed 56.0 million workers are not available for work (homemakers, full-time students, etc.) 8.0 million workers are available for work but are discouraged and thus are not seeking work 4.0 million workers are available for work but are not currently seeking work due to...
After the financial crisis that hits the country of Cinfuria in 2012, a total of 4...
After the financial crisis that hits the country of Cinfuria in 2012, a total of 4 million people are unemployed. If 35 million individuals are lucky enough to keep their jobs, what is the unemployment rate? Please specify your answer to two decimal places. Unemployment rate= % The labour force is comprised of the number of people counted as employed, unemployed, and discouraged workers. the number of people counted as full-time employees. the number of people counted as employed and...
2.3 The CPI is a fixed-weight index. It compares the price of a fixed bundle of...
2.3 The CPI is a fixed-weight index. It compares the price of a fixed bundle of goods in one year with the price of the same bundle of goods in some base year. Calculate the price of a bundle containing 50 units of good X, 125 units of good Y, and 100 units of good Z in 2013, 2014, and 2015. Convert the results into an index by dividing each bundle price figure by the bundle price in 2013 and...
7. The BLS reported that in July 2012, employment decreased by 195,000 to 142,220,000 and the...
7. The BLS reported that in July 2012, employment decreased by 195,000 to 142,220,000 and the unemployment rate increased from 8.2 percent in June 2012 to 8.3 percent in July 2012. About 3.4 million people were marginally attached workers and 0.9 million of them were discouraged Part 1. In July 2012, the number of unemployed changed by? (If the number of unemployed decreases, include a minus sign. If the number of unemployed increases, do not include a plus sign). Part...
If the Consumer Price Index was 170 in one year and 180 in the next year, then the rate of inflation was approx...
If the Consumer Price Index was 170 in one year and 180 in the next year, then the rate of inflation was approximately Multiple Choice O 5.9 percent 7.2 percent O 0 5.5 percent O O 6.3 percent < Prev 35 of 50 !! Next > Walte unit you sig ingin Which of the following measures the changes in the prices of a 'market basket of some 300 goods and services purchased by typical urban consumers? Multiple Choice O the...
7. Assuming the price index in 2012 was 86 and 91 in 2013, what was the inflation rate between 2012 and 2013? (Show all work) (4 pls)
6. Suppose the following data describe a nation's Year 2 Year I 310 million 150 million 8 percent 315 million Population Labor Force Unemployment rate 160 million 7 percent How many people ure unemployed in each year? (5 pts) b. How many people are employed in each ycar? (5 ps) c. If in Year 1 the full-employment level of output was $3,000 billion and the full-employment rate of unemployment was 5.5%, how much potential GDP was lost in Year l...
Suppose the following data describe a nation’s
population
gap siven the Or found in part (o) and -6 understanding of market economies und tdhe uctois teys ned topleasc discuss factors that may cause inlarion or unenaoymcn t6gy Wagal Assuming that the inflation rate from 2015 a $50,000 income in each of the (6 pts) 4. ree years? (Show all workt) What doses t through 2017 is 6%per year, what would be the real value of s. Why are prices important...
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)
Year -
Suppose the following data describe a nation's population Year 1 Year 2 Population Labor force Unemployment rate 300 million 140 million 6 percent 310 million 150 million 6 percent (a) How many people are unemployed in each year? (b) How many people are employed in each year? (c) Compute the employment rate(i.e, Number employed Population) in each year Year 1: Year 2: Year : Year 2: Year l: Year 2: Based on the data in the previous problem,...
I
need some help completing this exercise on unemployment and
inflation and labor force participation
In an economy, the working-age population is 400 million. Of this total, 320.0 million workers are employed. 12.0 million workers are unemployed 56.0 million workers are not available for work (homemakers, full-time students, etc.) 8.0 million workers are available for work but are discouraged and thus are not seeking work 4.0 million workers are available for work but are not currently seeking work due to...
After the financial crisis that hits the country of Cinfuria in 2012, a total of 4 million people are unemployed. If 35 million individuals are lucky enough to keep their jobs, what is the unemployment rate? Please specify your answer to two decimal places. Unemployment rate= % The labour force is comprised of the number of people counted as employed, unemployed, and discouraged workers. the number of people counted as full-time employees. the number of people counted as employed and...
2.3 The CPI is a fixed-weight index. It compares the price of a fixed bundle of goods in one year with the price of the same bundle of goods in some base year. Calculate the price of a bundle containing 50 units of good X, 125 units of good Y, and 100 units of good Z in 2013, 2014, and 2015. Convert the results into an index by dividing each bundle price figure by the bundle price in 2013 and...
7. The BLS reported that in July 2012, employment decreased by 195,000 to 142,220,000 and the unemployment rate increased from 8.2 percent in June 2012 to 8.3 percent in July 2012. About 3.4 million people were marginally attached workers and 0.9 million of them were discouraged Part 1. In July 2012, the number of unemployed changed by? (If the number of unemployed decreases, include a minus sign. If the number of unemployed increases, do not include a plus sign). Part...
If the Consumer Price Index was 170 in one year and 180 in the next year, then the rate of inflation was approximately Multiple Choice O 5.9 percent 7.2 percent O 0 5.5 percent O O 6.3 percent < Prev 35 of 50 !! Next > Walte unit you sig ingin Which of the following measures the changes in the prices of a 'market basket of some 300 goods and services purchased by typical urban consumers? Multiple Choice O the...
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