PleaseHelp -+2019loxb+Sx2.5 + 25x20lox5i5+5x1.8+25XMX100=5395721520215725b44.5572.5 100 112.9PI 2ozo(2) Being another key indicator, employment reflects the current status of an economy. Empiricalevidence shows a higher growth rate of national output (GDP) usually goes hand-in-hand with alower unemployment rate. In a study to the economic impact of the Covid-19 pandemics in theUS, you noticed that during the pandemics, unemployment rises across states in 2020. Similarly,after state economies reopened and moved quickly out of the Covid-19 recession, unemploymentrates also dropped in most states. However, there are still noticeable regional differences of howthe job market performed in different states. The table below compares unemployment rates ofArkansas, California, New York and Texas in October 2019 (10/2019), October 2020 (10/2020)and October 2021 (10/2021). Use your language to explain the differences of unemployment ratebetween Arkansas and other three states.ST2.5X 100 = 94.148572,5Unemployment rate (%) of selected StatesDateArkansasCaliforniaNew YorkТехas10/20193.53.93.93.510/20205.69.88.77.310/20213.77.36.95.48.

The employment in an economy reflects the current status of an economy. The empirical evidences…

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Economics

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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-+2019
loxb+Sx2.5 + 25x20
lox5i5+5x1.8+25XMX100=539
57215
2021
5725
b44.5
572.5 100 112.9
PI 2ozo
(2) Being another key indicator, employment reflects the current status of an economy. Empirical
evidence shows a higher growth rate of national output (GDP) usually goes hand-in-hand with a
lower unemployment rate. In a study to the economic impact of the Covid-19 pandemics in the
US, you noticed that during the pandemics, unemployment rises across states in 2020. Similarly,
after state economies reopened and moved quickly out of the Covid-19 recession, unemployment
rates also dropped in most states. However, there are still noticeable regional differences of how
the job market performed in different states. The table below compares unemployment rates of
Arkansas, California, New York and Texas in October 2019 (10/2019), October 2020 (10/2020)
and October 2021 (10/2021). Use your language to explain the differences of unemployment rate
between Arkansas and other three states.
ST2.5X 100 = 94.148
572,5
Unemployment rate (%) of selected States
Date
Arkansas
California
New York
Техas
10/2019
3.5
3.9
3.9
3.5
10/2020
5.6
9.8
8.7
7.3
10/2021
3.7
7.3
6.9
5.4
8.

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