EconomicQ7 onlys 7. Assuming the total population is 100 million, the civilian labor force is 60 million, and 54million workers are employed, the unemployment rate is:A. 3 percent.B. 6 percent.C. 7 percent.D. 10 percent.8. Suppose there are 5 million unemployed workers seeking jobs. After a period of time, 1million of them become discouraged over their job prospects and cease to look for work. As aresult of this, all else equal, the official unemployment rate would:A. decline.B. increase.C. increase in the short run but eventually decline.D. be unchanged.9. Suppose there are 10 million part-time workers and 90 million full-time workers in anFive million of the part-time workers switch to full-time work. As a result:economy.A. the official unemployment rate will fall.B. the official unemployment rate will rise.C. the official unemployment rate will remain unchanged.D. the size of the labor force will increase.10. If the marginal propensity to consume is .9, then the marginal propensity to save must be:A. 1.B. .1.C. 1.1.D..9.

Q7) Given Total population = 100 million. Civillian labour force = 60 million. 54 million are…

7. Assuming the total population is 100 million, the civilian labor force is 60 million, and 54 million workers are employed, the unemployment rate is: A. 3 percent. B. 6 percent. C. 7 percent. D. 10 percent.

7. Assuming the total population is 100 million, the civilian labor force is 60 million, and 54 million workers are employed, the unemployment rate is: A. 3 percent. B. 6 percent. C. 7 percent. D. 10 percent.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: What is Lerner index? How is it calculated? What does it calculated outcome tell us?

A: In economics, a Lerner index is a tool that helps to measure the market power of a firm. This was…

Q: In 2020 the Fancy Footwork Shoe Company delivered $1,000 worth of fancy shoes to a retail outlet.…

A: An investment refers to an asset or item accrued with the goal of generating income or recognition.…

Q: (2) Percentage Of (3) Percentage Of (1) All Households All Households Personal Income In This In…

A: In column 3 there is a case of cumulative addition i.e successive addition.

Q: The only nail salon in town offers two services: manicures and pedicures. The salon has two types of…

A: Firms tries to maximize their revenue by selling the goods in bundle .Generally , the firms set the…

Q: Year/Age (%) 1981 1989 1996 2007 2008 2009 2010 Children < 18 years 12.6 11.9 18.4 9.5 9.0 9.4 8.2…

A: According to the world bank organization, Poverty refers to hunger. Poverty refers to a lack of…

Q: None

A: We are given the following table: Here , prices are shown for a number of items over different…

Q: 45 people were surveyed at the Sunway Pyramid Mall to investigate coffee preferences. The results of…

A: Introduction Here total 45 peoples were given. Children Adult Senior Latte 3 9…

Q: A measure that is high in validity a) measures what it is intended to measure. D) demonstrates a…

A: Answer: a (measures what it is intended to measure) Explanation: A test has high validity if it…

Q: Year Month GOIL December 0.241667 2011 January 0.258333 February 0.258333 March…

A: The price of stock is given here. And the price is determined by demand and supply of stocks. If…

Q: This is a table of average earnings for various immigration cohorts as well as native-born Canadians…

A: The average earnings of Immigrants are given below: Average Earnings by Immigrant Cohort…

Q: MUIntiie of hst Population Quintile's % of Income, Ecuador, 2000 Quintile's % of Income, Ecuador,…

Q: Solve only if all subparts

A: An extensive game is a concept in game theory that represents a strategic interaction between…

Q: Suppose Marcus eats nothing but burritos for dinner. He buys 30 burritos each month. During the last…

A: The initial price of burritos is $5.00 per burrito.Marcus income is fixed and it is equal to $150.…

Q: Assume that MPL=540 and MRTS = -70, what is MPK?

A: MPL is the marginal product of labor. MPL is the change in output with the additional unit of…

Q: A sales tax is imposed on the market for good H. Refer to the demand curve before the sales tax is…

A: The initial demand and supply curves are D1 and S respectively. Equilibrium in the market occurs at…

Q: MCQ 7 A firm is considering whether to adjust the price it charges for units of output, but it first…

A: Here, it is given that the given firm is estimating the price elasticity of demand to lie between…

Q: PLS HELP ASAP ON BOTH

A: 2. The correct answer is c) Measure the throat and multiply by 1.414 to obtain the equivalent leg…

Q: Calculate the equiibrium level of income

A: According to the given information:

Q: S1 S2 S3 P. b. Quantity (barrels of oil) Price (dollars per barrel of oil)

A: A change in supply is represented by shift in the supply curve while change in quantity supplied is…

Q: a) Figure 1 reports a scatter plot of hhinc (horizontal axis) and size (vertical axis). Do you see…

A: Introduction: There are other categories of profit margins, but this definition concentrates on net…

Q: RIBU Council currently com e (9) members, all of whom are elected in en (7) members all of whom are…

A: The RIBO (Registered Insurance Brokers of Ontario) Council membership is the topic at hand. It…

Q: receives an overtime bonuS of 150% of his hourly rate for all ho Hours Worked Per Week Income Earned…

A: here we calculate the number of hours Johnny works and the income he earns by following method as…

Q: The coefficient of determination does not tell the reader if the relationship is positive or…

A: Coefficient is the value that when other things remain the same change in one unit of independent…

Q: Which two populations use the Revised Measure (Base Period)? Why do they use this measure?

A: Two measures in terms of economic performances: Real GDP Consumer price index Two measures in…

Q: The portfolio manager of the High Income Fund has 90% of the mutual fund invested in bonds. What is…

A: The question includes investment in bonds, income, and portfolios, which are key concepts in…

Q: 35. In the MSR test, what does the animals reaction to the mirror indicate? - a) Interest level - b)…

A: The Mirror Self-Recognition (MSR) test, also known as the mirror test, is an experiment developed by…

Q: ce brok Under Supervision the following pers Office manager.

A: a) Office Manager:A vital administrative player in every company, including insurance brokerage, is…

Q: Wokwkwkekdkxkdkxd

A: To address Exercise 2.13, we need to draw an extensive game tree with perfect information,…

Q: Which of the following questions might a statistically literate person ask? Select all that apply.…

A: The image shows a multiple-choice question asking, "Which of the following questions might a…

Q: The President of ALS Society of America asks you to determine whether the level of ALS research in…

A: Effective demand refers to consumers' willingness and ability to purchase products and services at a…

Q: Month January February March April Pasta (dollars per Yogurt (dollars per pound) $1.83 1.90 2.07…

A: Given that, Hanna's parents buy each month 32 pounds of pasta 79 packages of yogurt 22 bottles of…

Q: Use the item weights in the figure to determine the percentage change in the CPI that would result…

A: The cost difference between purchasing a bundle of goods and the base year is measured by the…

Q: If you earn 70000 in 2021, and filing taxes as single, then what is the tax due? Assume you…

A: Taxable income will be the after deductiong thecontribution paid for the 401 k plan and the medical…

Q: Question: The willingness to buy a good or service and the ability to pay for it is called

A: Economics matters is a sociology that is basically worried about the legitimate portion of scant…

Q: PLS HELP ASAP ON BOTH

A: Question 1If the employer fails to contribute this year, then the employer will have to catch up in…

Q: A commercial airline is analyzing the price scale for round trip flights between New York and…

A: To find the coefficient of correlation between the ticket price and the number of customers…

Q: 6. A marketing research firm would like to display the relationship between a family's weekly food…

A: Scatter plot helps in understanding the relationship between two numerical variables.

Q: ← Consider the data in the table below for a hypothetical economy. Average Household Price of Income…

A: Income elasticity is calculated as the percentage change in quantity divided by the percentage…

Q: 1. Assume that a survey of households revealed that the non-institutional population 16 years and…

A: Title: Understanding Labor Market Dynamics: Unemployment Rate, Labor Force Participation Rate, and…

Q: When is a mortgage clause used in connection with insurance on a property? The insured lends money…

A: Insurance is also called a contract, shown by a policy, in which a policyholder receives financial…

Question

EconomicQ7 onlys

7. Assuming the total population is 100 million, the civilian labor force is 60 million, and 54
million workers are employed, the unemployment rate is:
A. 3 percent.
B. 6 percent.
C. 7 percent.
D. 10 percent.
8. Suppose there are 5 million unemployed workers seeking jobs. After a period of time, 1
million of them become discouraged over their job prospects and cease to look for work. As a
result of this, all else equal, the official unemployment rate would:
A. decline.
B. increase.
C. increase in the short run but eventually decline.
D. be unchanged.
9. Suppose there are 10 million part-time workers and 90 million full-time workers in an
Five million of the part-time workers switch to full-time work. As a result:
economy.
A. the official unemployment rate will fall.
B. the official unemployment rate will rise.
C. the official unemployment rate will remain unchanged.
D. the size of the labor force will increase.
10. If the marginal propensity to consume is .9, then the marginal propensity to save must be:
A. 1.
B. .1.
C. 1.1.
D..9.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

In a table, report proportion of the students based on mobile phone brands in your sample. Apple 269 Samsung 62 LG 5 Basic mobile phone 2 Other smartphone 32 Do not use mobile phone 0 2. Use an appropriate chart (properly labelled) to display information above, and provide brief interpretation on the chart.
None
Question 9 I pis 8.(new question) An engineer proposes to spend $95,000 on a capital project to upgrade a package delivery system. The project is expected to have labor savings of $20,000 a year plus reduce scrap costs by $5000 a year. There is expected to be no salvage value at the end of the equipment life, which is anticipated to be 7 years. MARR is 12%. This question is in five parts. Part 1: Base on a present worth (PW) analysis, should the project be approved? Yes No Que 2 pts
Compute the R² using the following information. What does this number mean? Wage = 4.43 +0.61Edu + e n = 1089, SST = 37211.6, SSE 37211.6, SSE 19848.2 R² = = = 0.4666. 46.66% of the variation in wage can be explained by education. R² = 0.5334. 53.34% of the variation in wage can be explained by education. R² = 0.61.61% of the variation in wage can be - explained by education. R² = 0.3043. 30.43% of the variation in wage can be explained by education.
II. Performance Appraisal method of performance appraisal, show all possible pairs Using the Paired-Comparison for the following employees. Note: Show how many all possible pairs and compute for the number of possible pairs = N=? Abraham, Nathaniel, Desiree, Gregorio, Angelica, Daniel, Jasper
Windhes Manacture Comparye tender to manufacture nurses unform.Recently,bindhoek. monufacture Company its coot function for producing The estimakd cose funcion is TC=mcoQ-soc8+50 on agoximert hired an economist bo estimate nuises nidorm. e) Suppose that the margindl product 8 labaur for hondhek Manufacture Compays production is 3 uriforms. If the marçinal rate of technical subsritunch between.captal and Pabouris 9findthe.companys morginal. pruduct of captal
How should be the following given be treated while estimating national income (1) bonus paid to employees
Onsider the following contingency table for gender (male, female) and income status (low, high) based on sample of 90 individuals: income gender high low Total female 5 39 44 11.36 88.64 100.00 45.45 49.37 48.89 5.56 43.33 48.89 male 6 40 46 13.04 86.96 100.00 54.55 50.63 51.11 6.67 44.44 51.11 Total 11 90 12.22 87.78 100.00 100.00 100.00 100.00 12.22 87.78 100.00 1. Solve for the marginal relative frequency of high income in percent. 2. Solve for the joint relative frequency of low income and female in percent. 3. Are income and gender independent? 70 78 1 79
New Lottery (Continue): Select an appropriate response What is the best pricing approach for the entity that sells this lottery tickets. O Let people bid on the tickets. O Price the ticket to be sightly more than the mean winning amount OStop seling people are alvays winning. O Price the ticket to be slightly less than the mean winning amount.
Gg.220.
What is differance between three sector ecnomoy and four sector ecnomoy
Explain, what, why, how retail sales is used to gauge Econ health