Fiscal Policy- Ask FREDThe accompanying graph depicts theunemployment insurance benefits paid bythe U.S. government as a percentageALFRED1.21.0of GDP over time.0.80.60.40.20.0196019701980199020002010Source: U.S. Bureau of Economic Analysisd. In the historical series, in what year was the most spent on unemployment insurance as a percentage of GDP?Year with highest percentage:

Fiscal policy:From the given graph, the year spend more GDP on unemployment insurance is

Answered: Fiscal Policy- Ask FRED The…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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
The attached chart (Quits: Total Nonfarm) shows the quit rate (the number of who quit their job during the entire month as a percentage of total employment. What happens to the quit rate during the recession of 2007-08? Why? What happened to the unemployment rate during the recession of 2007-08? Use your answers to explain why the unemployment rate will never fall to zero and a certain amount of unemployment is desirable.
Briefly explain whether you agree or disagree with the following statement: "I don't believe the government price statistics. The CPILOADING... for 2018 was 210, but I know that the inflation rateLOADING... couldn't have been as high as 110 percent in 2018." Part 2 A. Agree. A CPI of 210 is a 110% increase in the price level from the base year. The inflation rate in 2018 is 110%. B. Agree. A CPI of 210 is a 110% increase from 100, which is impossible. C. Disagree. The inflation rate is the percentage increase in the price level from the previous year, not the base year. D. Disagree. The inflation rate is always the same as the natural rate of unemployment, which is about 5%.
Economics
The table gives information reported by the Bureau of Labor Statistics for February, 2013. What is the labor force participation rate? The labor force participation rate is >>> Answer to 1 decimal place. percent. C Item Employment Unemployment Not in the labor force Millions 143 12 90
1 Describe the decrease in employment from 2020-2022.
List and explain the various unemployment rates used by the BLS, and indicate which one of the 6 is the official unemployment rate.
The following table gives nominal and real GDP for an economy for two years. Based on the table, in Year 2, the value of the GDP deflator is Year 1 1430.0 1,300 Nominal GDP Real GDP (Round your answer to one decimal place.) The inflation rate between Year 1 and Year 2 is %. (Round your answer to one decimal place.) Year 2 1820.0 1560.0
Using the GDP Deflator calculate the average annual inflation rate that the U.S. experienced over the period beginning with the year of 1998 and ending with 2020. (Note: you do not use the inflation rate as the data you plug into the formula. Rather, you calculate an inflation rate by using the formula.) GDP Deflator: price index in 1998 is 75.3, in 2020 is 113.6 inflation rate in 1998 is 1.1, in 2020 is 1.2 nominal interest rates in 1998 is 6.53, in 2020 is 2.48 Real interest rates in 1998 is 5.41, in 2020 is 1.27
Bell-land's unemployment rate is 7.2%. The ruler of Bell-land ( a wonderful, wise middle-aged woman in a wheelchair) asks you whether this is a good rate and if it is an improvement? What is your answer? What are the issues that you need to think about before giving your answer? Explain your answer using the concepts learned in the module. Bell-land is not the same as the U.S.
Numbers of people took survey 58 number reporting at least one hour per week of paid employment 22 number working less than 30hours 7 Number of people working 30 or more hours 15 number not working but actively seeking for work 8 number of not working and not looking for work who are student 30 homemakers 1 other 5 1) what is the number of employed? 2) what is the number of unemployed? 3) what is the labor force? 4)what is the unemployment rate%? 5) why might an individual have characterized themself unemployment when in fact they is not actively seeking for a job? 6)why might an individual be counted as not in labor force when that person might actually want a job?
The table below provides employment and labour force data for a small economy over a 3-month period. Stock of Unemployment Stock of Stock of outside the Total Population Employment 2,530,000 2,470,000 2,410,000 Labour Force Sept. 1 Oct. 1 Nov. 1 120,000 120,000 120,000 350,000 410,000 470,000 3,000,000 3,000,000 3,000,000 a. What is the unemployment rate on September 1, October 1, and November 1? b. Explain why the unemployment rate changes even though the stock of unemployment remains stable. c. Provide a likely explanation for the change in this economy's labour force. In this case, is the unemployment rate an accurate measure of the amount of slack (excess supply) in the labour market? a. The unemployment rate on September 1 is %. (Round your response to two decimal places.)

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