Assigmnent-5 (20 points) I. II. Short essay questions. 1. Describe the four phases of a complete business cycle. Use graph to show the sequence of the four phases of a business cycle. 2. Identify the economic and non-economic/social costs of unemployment. 3. Based on their income, list three groups of people in the society who are hurt more from unanticipated/unexpected inflation than others. 4. Discuss how investment expenditure is affected by changes in interest rate. Indicate their relationship. Problem Solving Questions. Show your computations step by step. Orderly presentation is very important. A. Based on the following data, compute the unemployment rate for this economy. Total population.... Population under sixteen years........... People not in the labor force. Total civilian labor force.... Number of people employed... ....205 million .........50 million ......37 million 118 million 109 million B. Use the following data to answer the unemployment rate for this nation. Total population ..... Population under sixteen years... Number of people in the armed forces... 1.500 million .90 million .30 million Number of people not in the labor force......... 150 million Number of people employed... Number of people unemployed... C. Refer to table given below. 1. Fill-in the missing items in the table. 2. Identify the break-even level of income. ..207million .23 million Income consumption $ 240 Saving $-4 260 0 280 4 300 8 320 12 340 16 Page 1 APC SA $
Assigmnent-5 (20 points) I. II. Short essay questions. 1. Describe the four phases of a complete business cycle. Use graph to show the sequence of the four phases of a business cycle. 2. Identify the economic and non-economic/social costs of unemployment. 3. Based on their income, list three groups of people in the society who are hurt more from unanticipated/unexpected inflation than others. 4. Discuss how investment expenditure is affected by changes in interest rate. Indicate their relationship. Problem Solving Questions. Show your computations step by step. Orderly presentation is very important. A. Based on the following data, compute the unemployment rate for this economy. Total population.... Population under sixteen years........... People not in the labor force. Total civilian labor force.... Number of people employed... ....205 million .........50 million ......37 million 118 million 109 million B. Use the following data to answer the unemployment rate for this nation. Total population ..... Population under sixteen years... Number of people in the armed forces... 1.500 million .90 million .30 million Number of people not in the labor force......... 150 million Number of people employed... Number of people unemployed... C. Refer to table given below. 1. Fill-in the missing items in the table. 2. Identify the break-even level of income. ..207million .23 million Income consumption $ 240 Saving $-4 260 0 280 4 300 8 320 12 340 16 Page 1 APC SA $
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Transcribed Image Text:Assigmnent-5 (20 points)
I.
II.
Short essay questions.
1. Describe the four phases of a complete business cycle. Use graph to show
the sequence of the four phases of a business cycle.
2. Identify the economic and non-economic/social costs of unemployment.
3. Based on their income, list three groups of people in the society who are
hurt more from unanticipated/unexpected inflation than others.
4. Discuss how investment expenditure is affected by changes in interest
rate. Indicate their relationship.
Problem Solving Questions. Show your computations step by step. Orderly
presentation is very important.
A. Based on the following data, compute the unemployment rate for this
economy.
Total population....
Population under sixteen years...........
People not in the labor force.
Total civilian labor force....
Number of people employed...
....205 million
.........50 million
......37 million
118 million
109 million
B. Use the following data to answer the unemployment rate for this nation.
Total population .....
Population under sixteen years...
Number of people in the armed forces...
1.500 million
.90 million
.30 million
Number of people not in the labor force......... 150 million
Number of people employed...
Number of people unemployed...
C. Refer to table given below.
1. Fill-in the missing items in the table.
2. Identify the break-even level of income.
..207million
.23 million
Income
consumption
$ 240
Saving
$-4
260
0
280
4
300
8
320
12
340
16
Page 1
APC
SA
$
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