an expansiona recessionactual unemployment ratenatural rate of unemploymenthigher thanlower thanthe same asimproveddid not changeworseneddecrease in unemployed workersincrease in discouraged workersdecrease in the employment rationo change in labor productivityis the same asoverstatesunderstatescyclicalfrictionalnostructural In a macroeconomy where textile and information technology are among the major industries, the natural rate of unemployment is 5%. Although workers prefer full-time jobs, all industries have a combination of full-time and part-time (underemployed) workers.In 2010, the total population was 10 million with an adult population of 7.8 million, and real output for the year was $270 billion. In the same year, 4.5 million people were employed, 1.5 million people were part-time workers, and 300,000 people were unemployed. Furthermore 400,000individuals stated that they were discouraged from searching for a job.(Question 7 of 7)Now, consider that at the beginning of 2011, the government implemented a five-year economic growth plan- a set of policies aimed at encouraging foreign investment in the information technology industry. The shift towards the information technology industry impacted the labor market. Inaddition, initial spillover effect from these investments includes changes in the nation's infrastructure, population (migration) and worker productivity (human capital changes included).In 2015 (at the end of five years), the total populatiom was 12.8 million with an adult population of 10.8 million, and real output was $320 billion. In the same year, 6.5 million people were employed, 2.8 million were part-time workers, and 450,000 people were unemployed. Furthermore, 600,000stated that they were discouraged from searching for a job.Using the measures calculated for 2010 and 2015, what can be said about the macroeconomic environment, and the impact of the five-year plan? (complete the sentences below)In 2010 the economy was experiencingwas less than thesuggests that the economy's employment situation✓ over the five-year period. Given that the official unemployment rate in 2015 is✓ resulted from the government's five-year plan, it is likely that the official unemployment rate✓ unemployment as a result of the government's planned shift towards the information technology industry, and as such, one would expect the natural rate of unemployment to bewas implemented.✓as theIn 2015 the official unemployment rate was✓it was in 2010, and this✓ the u-6 unemployment rate, and given that the✓ the true labor environment in 2015. Furthermore, it is likely that over the five-year period, the country experienced✓5% after the government's five-year plan

The problem discusses changes in the macroeconomic environment of a country over a five-year period,…

In 2010, the total population was 10 million with an adult population of 7.8 million, and real output for the year was $270 billion. In the same year, 4.5 million people were employed, 1.5 million people were part-time workers, and 300,000 people were unemployed. Furthermore 400,000 individuals stated that they were discouraged from searching for a job. (Question 7 of 7) five-year growth a of at Now, consider that at the beginning of 2011, the governdes changes in the nation's infrastructure, population (migration) and worker productivity in investment in the information technology industry. The shift towards the information technology industry impacted the labor market. In addition, initial spillover effect from these capital changes included). In 2015 (at the end of five years), the total population was 12.8 million with an adult population of 10.8 million, and real output was $320 billion. In the same year, 6.5 million people were employed, 2.8 million were part-time workers, and 450,000 people were unemployed. Furthermore, 600,000 stated that they were discouraged from searching for a job. Using the measures calculated for 2010 and 2015, what can be said about the macroeconomic environment, and the impact of the five-year plan? (complete the sentences below) was less than the ✓over the five-year period. Given that the official unemployment rate in 2015 is ✓ resulted from the government's five-year plan, it is likely that the official unemployment rate ✓ unemployment as a result of the government's planned shift towards the information technology industry, and as such, one would expect the natural rate of unemployment to be In 2010 the economy was experiencing suggests that the economy's employment situation ✓as the In 2015 the official unemployment rate was ✓the u-6 unemployment rate, and given that the ✓the true labor environment in 2015. Furthermore, it is likely that over the five-year period, the country experienced ✓5% after the government's five-year plan ✓it was in 2010, and this