2010, the total population was 10 million with an adult population of 7.8 million, and real output for the year was $270 billion. In the same year, 4.5 million people were employed, 1.5 million people were part-time workers, and 300,000 people were unemployed. Furthermore 400,000 dividuals stated that they were discouraged from searching for a job. Question 7 of 7) low, consider that at the beginning of 2011, the government implemented a five-year economic growth plan- a set of policies aimed at encouraging foreign investment in the information technology industry. The shift towards the information technology industry impacted the labor market. In ddition, initial spillover effect from these investments includes changes in the nation's infrastructure, population (migration) and worker productivity (human capital changes included). 2015 (at the end of five years), the total populatiom was 12.8 million with an adult population of 10.8 million, and real output was $320 billion. In the same year, 6.5 million people were employed, 2.8 million were part-time workers, and 450,000 people were unemployed. Furthermore, 600,000 tated that they were discouraged from searching for a job. sing the measures calculated for 2010 and 2015, what can be said about the macroeconomic environment, and the impact of the five-year plan? (complete the sentences below) was less than the ✓ over the five-year period. Given that the official unemployment rate in 2015 is ✓the u-6 unemployment rate, and given that the ✓ resulted from the government's five-year plan, it is likely that the official unemployment rate ✓the true labor environment in 2015. Furthermore, it is likely that over the five-year period, the country experienced ✓ unemployment as a result of the government's planned shift towards the information technology industry, and as such, one would expect the natural rate of unemployment to be 5% after the government's five-year pla 2010 the economy was experiencing uggests that the economy's employment situation "as implemented. as the ✓ In 2015 the official unemployment rate was it was in 2010, and th

2010, the total population was 10 million with an adult population of 7.8 million, and real output for the year was $270 billion. In the same year, 4.5 million people were employed, 1.5 million people were part-time workers, and 300,000 people were unemployed. Furthermore 400,000 dividuals stated that they were discouraged from searching for a job. Question 7 of 7) low, consider that at the beginning of 2011, the government implemented a five-year economic growth plan- a set of policies aimed at encouraging foreign investment in the information technology industry. The shift towards the information technology industry impacted the labor market. In ddition, initial spillover effect from these investments includes changes in the nation's infrastructure, population (migration) and worker productivity (human capital changes included). 2015 (at the end of five years), the total populatiom was 12.8 million with an adult population of 10.8 million, and real output was $320 billion. In the same year, 6.5 million people were employed, 2.8 million were part-time workers, and 450,000 people were unemployed. Furthermore, 600,000 tated that they were discouraged from searching for a job. sing the measures calculated for 2010 and 2015, what can be said about the macroeconomic environment, and the impact of the five-year plan? (complete the sentences below) was less than the ✓ over the five-year period. Given that the official unemployment rate in 2015 is ✓the u-6 unemployment rate, and given that the ✓ resulted from the government's five-year plan, it is likely that the official unemployment rate ✓the true labor environment in 2015. Furthermore, it is likely that over the five-year period, the country experienced ✓ unemployment as a result of the government's planned shift towards the information technology industry, and as such, one would expect the natural rate of unemployment to be 5% after the government's five-year pla 2010 the economy was experiencing uggests that the economy's employment situation "as implemented. as the ✓ In 2015 the official unemployment rate was it was in 2010, and th

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter6: Business Cycles And Unemployment

Section: Chapter Questions

Problem 19SQ

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