(a) Assume that you are an economic advisor to our Prime Minister. The prime ministers ask you to design a program to reduce the amount of unemployment in Malaysia. What major elements would you include in your plan? Justify your answer. (b) Study the given table and answer the following questions. Year Labor force Employment (thousand) 5790 (thousand) 6350 6850 7042 7241 7441 2017 2018 6290 6686 6926 7148 2019 2020 2021 (a) Calculate the unemployment rate for years 2017 to 2021. (b) What is the percentage of growth in the number of labor force between the year 2017 and 2021?

(a) Assume that you are an economic advisor to our Prime Minister. The prime ministers ask you to design a program to reduce the amount of unemployment in Malaysia. What major elements would you include in your plan? Justify your answer. (b) Study the given table and answer the following questions. Year Labor force Employment (thousand) 5790 (thousand) 6350 6850 7042 7241 7441 2017 2018 6290 6686 6926 7148 2019 2020 2021 (a) Calculate the unemployment rate for years 2017 to 2021. (b) What is the percentage of growth in the number of labor force between the year 2017 and 2021?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Research instrument/ instrumentation for these research questions: 1. What is the unemployment rate of Laborers during the COVID-19 pandemic? 2. What is the relationship between the employment rate to the financial status of the laborers in he province of La union? 3. Is there a significant difference between the factors and the cause of the change in employment rate?
Question 5. Unemployment (a) A country labor force is 18. There are 8 children, 1 active duty servicemember, and 9 retirees over age 67. The labor force participation rate is 58%. Find the country's population. Show work. (b) In the country from (b), in addition to the 8+1+9 people, 4 more don't have jobs. Of the four, two are looking. Find the country's unemployment rate. (c) A country is undergoing a jobless recovery and one person falls victims to it. The country's labor supply indicators pick it up: both the unemployment rate and the labor force participation drop. Determine if the person is discouraged from job searching or is underemployed. Motivate your answer using the labor supply categories. Be concise and to the point.
The following graph shows the combinations of unemployment and inflation that existed in the United States from 1961 through 1969. NFLATION RATE (Percent) 5.0 4.5 4.0 3.5 2.5 2.0 1.5 1.0 0.5 0 3.0 * 3.5 69 68 ++ 67 66 *65 5.5, 1.4 64 + 62 + 5.0 + 63 4.0 4.5 5.5 6.0 UNEMPLOYMENT RATE (Percent) 61 + 6.5 7.0
True or false 1- Nominal GDP is normally not corrected by the inflation rate. 2- PPI (Producer price index) measures the cost of basket bought by firms. 3- A correction for inflation is especially important when looking at data on interest rate. 4- Unpaid workers in a family business are normally considered as unemployed.
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Belize Unemployment Rate - Historical Data Year Unemployment Rate (%) Annual Change 2019 6.71% 0.07% 2018 6.64% 0.04% 2017 6.60% -0.40% 2016 7.00% -0.58% 2015 7.58% -0.66% 2014 8.24% -0.11% 2013 8.35% 0.04% 2012 8.31% 0.02% 2011 8.28% 0.04% 2010 8.24% -0.01% 2009 8.25% 0.07% 2008 8.18% -0.33% 2007 8.51% -0.88% 2006 9.39% -1.52% 2005 10.91% 0.32% 2004 10.59% 0.35% 2003 10.24% 0.20% 2002 10.04% 0.97% 2001 9.07% -1.78% 2000 10.85% -1.99% Kindly assist with the following questions: 1) Illustrate a line graph to show the unemployment history from from 2000-2019. 2) How has the unemployment rate of Belize changed over the 20year period? 3) What are factors that contributed to the unemployment rate?
Question 5 Year Economic Growth (%) 2010 2011 2012 2013 2014 2015 2.7 1.7 1.3 2.7 2.5 1.9 Unemployment (%) 9.6 8.9 8.1 7.4 6.2 5.3 Examine the data on the economic growth and unemployment rate for 2010-2015 What trends do you observe in the unemployment rate? In economic growth? Identify the relationship between Economic Growth and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. Does the relationship observed in part 2 satisfy the economists' view of the relationship between economic growth and unemployment? Use references to support your answer. (1) (ii) (iii)
QUESTION 1 The working age population is 49 million, out of which 22 million are employed and 6 million are unemployed. What is the labor force participation? Express your answer as percentages, rounded to 2 decimal places if necessary (43.23% should be written as 43.23 not 0.43).
Year 2010 2011 2012 2013 2014 2015 Economic Growth (%) 2.7 1.7 1.3 2.7 2.5 1.9 Unemployment (%) 9.6 8.9 8.1 7.4 6.2 5.3 Examine the data on the economic growth and unemployment rate for 2010-2015 i) What trends do you observe In the unemployment rate? In economic growth? ii) Identify the relationship between Economic Growth and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. iii) Does the relationship observed in part 2 satisfy the economists' view of the relationship between economic growth and unemployment? Use references to support your answer. I would like Questions i,ii, iii answered please
Can you please answer this with working shown. Thank you.
Question 2
Q-2 Compute the (a) Number of unemployed, (b) Unemployment-rate, (c) Population, and (d) Labor force participation rate, using this data: Number of employed = 1800 million %3D Not in labour force : 730 million Number of Labour force = 2500 million