Do not use chatgpt. Okay, now that Thomas is aresident of Cittadina, I am going tohave to categorize Thomas andrecalculate some of my labormarket indicators for Cittadina.Thomas told me he is 30 years old.Here is my summary before Thomasmoved back to Cittadina.Susan, Stats Can AnalystNow that Thomas is a resident,what is Cittadina's labor forceparticipation rate?It is still 100 percent.It is now 85.7 percent.It is now 92.5 percent.Submit

The correct answer is: It is still 100 percent because examination of the cheque expose it and…

Answered: Okay, now that Thomas is a resident of…

Macroeconomics: Principles and Policy (MindTap Course List)

13th Edition

ISBN:9781305280601

Author:William J. Baumol, Alan S. Blinder

Publisher:William J. Baumol, Alan S. Blinder

Chapter6: How Statisticians Measure Inflation

Section6.A: How Statisticians Measure Inflation

Problem 5TY

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Below is a chart showing the Labor Force Participation rate for 15-64 year olds in the U.S. vs. Japan (called the 'Activity Rate' in the OECD data). Based on this chart, answer the questions below: FRED Actvity hate Aged 158 AN Persans r the thot Stanos Actvity RateAged 15 AN Persans for Apar 22 2002 2004 2006 010 2012 20 Sdng areas ndicale US recessioHIS Source Orgazation for Economc Co operaion and Develpment med souisled.org a) How could these trends in thé US & Japanese Labor Force Participation (LFP) rates impact per capita real GDP growth rates in their respective countries (i.e. in the U.S & in Japan)? Are there any factors which could mitigate the impact of these LFP trends on growth? b) What factors are likely to impact the trends in U.S. and Japanese LFP in the next year? Over the next 10 years?
You are HR di, ector for a growing law firm in Tampa, Florida, which cu."ently has need of writing 30 legal briefs every hour. Each of your company's attorneys can write on average five briefs per hour. You are consid ring hiring four paralegals to shoulder the load; each pa alegal is a bit slower than the attorneys and can write on average only 2.5 briefs per hour. You scan the current wages in the Tampa area and notice that the attorneys in your company earn the local occupational median wage of $41.64 per hour, but that the prospective four paralegals will likely want to get paid their local occupational median wage of $23.66 per hour. a. Would /our company save money in the writing of the 30 legal briefs by hiring the four paralegals and firing some attorneys? b. The local Tampa Paralegal Union has observed that the Bureau of Labor Statistics projects that employment of paralegals over the next decade will rise considerably faster than the employment of lawyers…
Trish earned a salary of $60,000 in 2002 and $80,000 in 2006. The consumer price index was 177 in 2002 and 221.25 in 2006. Trish's 2002 salary in 2006 dollars is $75,000; thus, Trish's purchasing power increased between 2002 and 2006. O $75,000; thus, Trish's purchasing power decreased between 2002 and 2006. $85,000; thus, Trish's purchasing power increased between 2002 and 2006. $85,000; thus, Trish's purchasing power decreased between 2002 and 2006.
Look at this graph of real wage index in England between 1260 and 1800. Consider also that, in the bubonic plague of 1348 and 1351, between one quarter and one third of Europe's population died. M. Bubonic Statute of plague Labourers 140 100 1260 1348 1800 2000 100 40 Kett's rebellion Peasants Glorious Revolution rebellion 20 1260 1320 1380 1440 1500 1560 1620 1680 1740 1800 Select one or more: O a. According to the Malthusian model, the fall in the population due to the bubonic plague would have led to an increase in the average productivity of workers, causing the observed rise in the real wage post-plague. O b. The doubling and halving of the real wage index over 250 years from around 1350 cannot be explained by the Malthusian model. O C. The fall in the unskilled workers' share of total output in the 17th and. 18th centuries was due to the fall in their average product of labour. O d. In the Malthusian model, the rise in real wages from 1800 onwards, at the same time as the rise in…
When Sue graduated from college, she got a job with a starting salary of $30.000. When Sue's sister Jan graduated five years later, her starting salary was $36.000. Jan likes to tease Sue about earning more than Sue did right out of college. Sue dlaims that she actually had the higher salary in real dollars. The Consumer Price Index rose 28 percent during the five years separating the sisters' graduations. Therefore, we can conclude that Jan earmed the highor real salary ts Sue eamed the higher real salary there isn't enough information to determine who earned the higher real salary both Sue and Jan earned the same real salary am Next
Given the information in the table, what is the labor force participation rate? Catagory Less than 16 years old Full-time workers Full-time military Part-time workers A. 74.7% OB. 74.3% OC. 63.1% OD. 69.2% Institutionalized Looking for work Retired Number of people (millions) 40 135 1.2 20 14.8 11.5 41.5
Look at this graph of real wage index in England between 1260 and 1800. Consider also that, in the bubonic plague of 1348 and 1351, between one quarter and one third of Europe's population died. 800 700 Bubonic plague Statute of 600 Labourers s00 400 140 300 200 100 1260 1348 1800 2000 80 60 40 Peasants rebellion Kett's rebellion Glorious Revolution 20 1260 1320 1380 1440 1500 1560 1620 1680 1740 1800 Select one or more: a. According to the Malthusian model, the fall in the population due to the bubonic plague would have led to an increase in the average productivity of workers, causing the observed rise in the real wage post-plague. b. The doubling and halving of the real wage index over 250 years from around 1350 cannot be explained by the Malthusian model. c. The fall in the unskilled workers' share of total output in the 17th and 18th centuries was due to the fall in their average product of labour. d. In the Malthusian model, the rise in real wages from 1800 onwards, at the same…
the second picture is in continuation of the first. Because the full question was not visible in the first picture
A6
Suppose the labor force participation rate is 40% and adult age population is 100 million calculate labor force ?
Ananyize this graph in 1-2 paragraphs!
EDUCATION 1. Write down the human capital earnings function (i.e., the Mincer equation). Make sure toclearly specify the meaning of each variable. 2. Why the estimates from the Mincer equation may not be interpreted as the causal effect ofeducation on earnings?

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