Country Z1 YEAR AGOCountry XCountry YINDICATORNOW1 YEAR AGONOW1 YEAR AGO5.1%NOWGDP growth rate10.9%-3.2%0.3%3.7%3.5%Unemployment rate1.5%3%10.1%7.2%4.2%4.5%Inflation rate6%3.8%-1%1.5%2.2%2%4. During a contraction phase of the business cyclea) GDP is (Increasing decreasing)b) Unemployment is (increasing decreasing)Inflation is (increasing decreasing)Tabla

The business cycle is the ups and downs of the economy wherein the output, employment as well as…

OR owth rate 10.9% 5.1% -3.2% 0.3% ployment rate 1.5% 3% 10.1% 7.2% on rate 6% 3.8% -1% 1.5% 4. During a contraction phase of the business cycle a) GDP is (increasing/decreasing)- b) Unemployment is (increasing decreasing)

OR owth rate 10.9% 5.1% -3.2% 0.3% ployment rate 1.5% 3% 10.1% 7.2% on rate 6% 3.8% -1% 1.5% 4. During a contraction phase of the business cycle a) GDP is (increasing/decreasing)- b) Unemployment is (increasing decreasing)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

Which of the following statements is incorrect? a. A decrease in the labor participation causes the unemployment rate to decline, otherthings being equal. b. When the BLS publishes Employment Situation report each month, it also releases theresults about employment, hours worked, and employee earnings from EstablishmentSurvey. c. Every month, the BLS computes the unemployment rate based on a survey of about60,000 households (Current Population Survey). d. The broadest measure of labor underutilization, known as u6, is the sum of totalunemployed, plus all marginally attached workers, plus total employed part time foreconomic reasons, as a percent of the civilian labor force.
Inflation is known as a because it A. tax; redistributes goods and services from the government to households and businesses B. revenue; is the only source of business income for the government OC. tax; redistributes goods and services from households and businesses to the government OD. good thing; keeps the value of goods and services increasing E. bad thing; allows people to obtain the wrong kind of wealth
The inflation rate is high in : (independent of table) A- stagflation B- depression C- A+B D- none of above The table reflects a : A- growth B- expansion C- depression D- all of above
How does the unemployment rate behave over the business cycle? The unemployment rate _______. A. remains relatively constant over the business cycle at an average of 5.7 percent B. equals 10 percent during a recession and falls to zero during an expansion C. rises during a recession and falls during an expansion D. equals 100 minus the employment-population ratio over the business cycle
etion Status: fu QUESTION 20 eca Labor Data for Uruguay 10 points Saved Year 2017 2018 2019 Adult ast population 6,000 9,000 9,600 Number of nGhee employed 4,200 3,900 4,800 Number of unemployed 600 1,800 600 in The unemployment rate of Uruguay in 2018 was around a. 20 % b. 32% С. 43% 3:02 d. None of the above a game C d QUESTION 21 s an in 10 points Saved Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit NOV 10 12 étv FOF MacBook Pro
If the number of employed people equals 185 million, the number of unemployed people equals 15 million, and the number of people in the population aged 16 and older equals 210 million, then a. the unemployment rate equals 7.14% and the labor force participation rate equals 95.2%. a. the unemployment rate equals 7.23% and the labor force participation rate equals 85.7%. a. the unemployment rate equals 7.5% and the labor force participation rate equals 92.9%. a. the unemployment rate equals 7.7% and the labor force participation rate equals 92.9%. a. the unemployment rate equals 7.7% and the labor force participation rate equals 92.9%.
Assuming real income is to be $350 million and the price index is 142 calculate nominal income.?
11
When the real wage decline, it must be the case that a. Nominal wage is declining b. Real wage is not adjusted for inflation c. Nominal wage growth is not keeping pace with inflation d. Unemployment rate is increasing
25. If a country has a working-age population of 200 million, 135 million people with jobs, and 15 million people unemployed and seeking employment, then its unemployment rate is: a. 4% b. 7.5% c. 10% d. 67.5%
7
Which of the following is not a laggingindicator?a. Duration of unemploymentb. Stock pricesc. Commercial and industrial loansd. Prime rate