Suppose Argentina has the following table:20162017LFPR77%82%Labor Force204220Unemployed9284Which of the following is correct?O the CNP increased from 2016 to 2017 and the not in the laborforce fellO unemployment rate increased from 2016 to 2017 and the not inthe labor force fellO the CNP increased from 2016 to 2017 and the employeddecreasedO not in the labor force increased from 2016 to 2017 and thedecreased

To calculate the unemployment rate, we use the formula: Unemployment Rate = (Unemployed / Labor…

Answered: Suppose Argentina has the following…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Below are some employment data from the country Commagene. 2018 2019 2020 Number of Employed Number of Unemployed Number of Out of Labor Force Unemployment rate Labor Force Participation rate 99 110 63 30 330 217 70 30% y 50% a) Using the information given in the table for year 2018, find the values of x and y. b) Using the information given in the table for year 2019, find the values of z and w. c) Using the information given in the table for year 2020, find the values of p and r.
If a sizable number of workers switched from full-time to half-time employment, then: O the official unemployment rate would fall. O the official unemployment rate would rise. the official unemployment rate would change but in an uncertain direction. O the official unemployment rate would remain unchanged.
Assume a country has a total population of 58 million, of which 70 per cent are part of the working-age population. 23.7 million working-age people are not looking for a job, and 13.6 million are employed. What are the labour force participation rate (LFPR) and the unemployment rate (u)? O a. LFPR = 59.4%; u = 19.5% Ob. LFPR 41.6%:u-19.5% OC.LFPR = 41.6%; u = 32.8% O d. LFPR = 59.4%; u = 32.8%
Suppose that the number of jobs in the fishing industry decreases but the number of jobs in the travel industry increases. Initially Select one: O a. cyclical unemployment increases O b. frictional unemployment increases O . the economy remains at full employment O d. there is a shortage of workers in both sectors O e. structural unemployment increases
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Homework (Ch 11) Consider a fictional price index, the College Student Price Index (CSPI), based on a typical college student's annual purchases. Suppose the following table shows information on the market basket for the CSPI and the prices of each of the goods in 2017, 2018, and 2019. The cost of each item in the basket and the total cost of the basket are shown for 2017. Perform these same calculations for 2018 and 2019, and enter the results in the following table. 2017 2018 2019 Price Cost Price Cost Price Cost Quantity in Basket (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) (Dollars) Notebooks 10 2 20 1. Calculators 50 50 54 75 Large coffees 200 200 1 Energy drinks 100 200 4 Textbooks 10 100 1,000 120 150 Total cost 1,470 Price index 100 Suppose the base year for this price index is 2017. In the last row of the table, calculate and enter the value of the CSPI for the remaining years. Between 2017 and 2018, the CSPI increased by Between 2018 and 2019, the CSPI increased by 15…
estion 8 Table 20-15 Nominal Average Hourly Earnings $10 Year CPI 2014 1.00 2015 10 1.05 2016 12 1.10 Refer to Table 20-15. Looking at the table above, the nominal average hourly earnings that you should have in 2016 in order to achieve the same purchasing power as in 2014 are O $10.90. O $11. O $12. O $13.20.
Describe how the labor force participation rate in the United States changed between 1960 and 2019. Contrast and explain the different trends in the labor force participation rates of women and men. The labor force participation rate in the United States _______. A. remained relatively constant between 1960 and 2000 B. shows a downward trend between 1960 and 1999, and an upward trend that began in 2000 C. shows an upward trend between 1960 and 1999, and a downward trend that began in 2000 D. is an unreliable measure because the labor force does not include discouraged workers and marginally attached workers
Use the following table to answer the next four questions: Group # in Millions Work-eligible population Labor force ??? 181 Not in labor force 95 Employed Unemployed ??? 22 According to the table, the labor force participation rate in this economy is equal to 12.2%. 65.6%. 87.8%. 90.1%. 36.9%. O OOO
To convert the original earnings of Casper, NMiller, and Pavin, use the formula for converting dollar figures from an earlier era into year 2016 U.S. dollars. Using those figures, Ai in the following table, making sure to round your responses to the nearest U.S. dollar. Nominal Winnings U.S. CPI (1983- 100) Winnings in 2016 Dollars Year Golfer (Dollars) 1968 Billy Casper 205,169 34.8 1974 Johnny Miller 353,022 49.3 1991 Corey Pavin 979,430 136.2 2016 Dustin Johnson 9,365,185 240.0 9,365,165 True or False: According to the previous table, the golfer with the highest PGA winnings in nominal dollars is not the same as the golfer with the highest PGA winnings after adjusting for inflation, O True O False
Country A has a total population of 2.5m and 1.8m are 15+ year-olds. The unemployed population is 0.2m and the employed population is 1.5m. What is the unemployment rate in Country A? 13.33% 11.76% O 11.11% 8%

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