Determine whether the following statements are normative or positive? ? 1. The unemployment rate increased significantly during the COVID pandemic ?2. The federal government should extend unemployment insurance as the economy is still struggling ? 3. Each state should control the amount of unemployment benefit issued to unemployed workers

Q: For the following situations, identify the type of unemployment each represents.            a.…

A: Cyclical unemployment occurs due to the business cycle in the economy . When there is a recession,…

Q: Economists use labour-market data to evaluate how well an economy is using its most valuable…

A: The unemployment rate is the percentage of unemployed people among the total labor force.…

Q: In March 2007, the U.S. unemployment rate was 4.4 percent. In August 2008, the unemployment rate was…

A: The labor force is the summation of employed workers and unemployed workers. The employed workers…

Q: There are numerous causes of unemployment among the poor such as the disappearance of low-skill…

A: 1. Reduction in unemployment by introducing more job opportunities. Poverty and unemployment are…

Q: a) Determine the magnitude of the labour force in the economy?

A: Since you have asked multiple questions we will solve the first question for you. If you want any…

Q: General Electric paid its workers $5 a day in 1914. If the consumer price index was 10 in 1914 and…

A: The inflation refers to the rise in the price level in the economy. The inflation shows that there…

Q: 5. Say there are 250,000 people in a city. 162,000 worked for pay in the last week and the labor…

A: The unemployment rate is the ratio of unemployed to total labor force in the economy. The unemployed…

Q: The Australian Bureau of Statistics (ABS) reported in May 2017 that the civilian population in…

A:

Q: Maria earns $15 per hour in her current job and works 40 hours a week. Her disutility of effort is…

A: The term "employment" describes the condition of having a job or being employed, usually in exchange…

Q: If the minimum wage increased by 10% and CPI rose by 15% from 2019 to 2020, what happened to the…

A: Answer: Given, Increase in minimum wage = 10% Increase in CPI = 15% Introduction: Suppose initially…

Q: In March 2016 American employers added 215,000 positions to their payrolls, bringing the average job…

A: The unemployment rate depicts the proportion of unemployed individuals in the total labor force. The…

Q: Which of the following statements is true regarding the impact of unemployment on an individual?…

A: The objective of the question is to identify the correct statement about the impact of unemployment…

Q: Nuku has an unemployment rate of 4.3%. There are 10,430 people who are working or have work. How…

A: "In economics unemployment means people who want to work and are actively seeking for jobs but…

Q: This question explores the calculation of the unemployment rate. You will be provided some imperfect…

A: Labor force is the addition of total number of employed person and total number of unemployed…

Q: Examine the many forms of unemployment (frictional, structural, and cyclical) and the effects each…

A: Unemployment is defined as a situation where in an economy the people living in the country who are…

Q: A worker in Arizona had previously been working 40 hours/week and earning $400/week. The worker…

A: A budget line is a straight line with a downward slope that contains every feasible combination of…

Q: Describe the different types of unemployment.

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first question for you. If…

Q: Consider this scenario: Your neighbor offers to pay $500 if you will clear brush out of his backyard…

A: In a market, there are two types of gains such that accounting gains and economic gains. When…

Q: What are two issues with the unemployment rate in any given area?

A: Let us discuss certain concepts related to unemployment rate:Employed: Those people who belong to…

Q: 2.If, in the formal work sector, the unemployment rate is 20%, and the wage is $10/hour, what is the…

A: Answer -

Q: Does the existence of unemployment insurance eliminate the economic costs of unemployment?

A: unemployment insurance, is the method of securing income even if an individual gets unemployed, it…

Q: Comment on the effects that being unemployed have on an individual.

A: Unemployment is a situation where individuals are willing to work, they are finding jobs, but still,…

Q: What is demand-deficient unemployment? a) Unemployment due to asymmetric information on the side of…

A: A person is said to be unemployed if he/she is willing to work and looking for it but not able to…

Q: n the beginning of a recovery after a recession, employment begins to rise and the news media report…

A: The term labour force is defined as that part of the population which is actively searching for…