The figure below shows the labor market flows between June 1, 2023 and July 1, 2023: UE: 1.8 million 0.032 0.029 0.062 Employed: 161.9 million 0.052 Labor Market Flows, June to July 2023 EU: 1.5 million EN: 4.7 million NE: 5.1 million Unemployed: 6.4 million What proportion of employed workers in July weren't in the labor force in June? Not in the Labor Force: 98.6 million NU: 1.9 million UN: 1.5 million

The figure below shows the labor market flows between June 1, 2023 and July 1, 2023: UE: 1.8 million 0.032 0.029 0.062 Employed: 161.9 million 0.052 Labor Market Flows, June to July 2023 EU: 1.5 million EN: 4.7 million NE: 5.1 million Unemployed: 6.4 million What proportion of employed workers in July weren't in the labor force in June? Not in the Labor Force: 98.6 million NU: 1.9 million UN: 1.5 million

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Expenditures for consumer goods and services Exports Government purchases of goods and services Social Security taxes Net investment Indirect business taxes Imports Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer payments to households Net interest payments to households $4,565 $740 $1,465 $510 $225 $520 $825 $865 $185 $750 $45 $20 $690 $0 Table 5.1 National Income Accounts (dollar figures are in billions) On the basis of Table 5.1, personal income is $5,620 billion. $5,790 billion. $6,530 billion. $6,445 billion.
The following table shows macroeconomic data for a hypothetical country. All figures are in billions of dollars. Billions of Dollars Gross private domestic investment 120 Depreciation 35 Exports 60 Imports 55 Government spending 130 Personal consumption expenditures 325 Indirect business taxes (net of subsidies) 20 Personal taxes 90 Employee compensation 380 Corporate profits and FICA contributions 80 Rental income 25 Net interest 35 Proprietors' income 5 Transfer payments and other income 65 Using the expenditure or income approach, GDP for this country was $ billion. Complete the following table by calculating national income, personal income, and disposable personal income for this country. (Note: Be sure to enter your figures in billions of dollars.) Billions of Dollars National Income Personal Income Disposable Personal Income
The national income accounts for a hypothetical country, Hypothetica, appear in the table below. c. What is the value of the statistical discrepancy? d. Is Hypothetica’s capital stock expanding or contracting? By how much? e. What is Hypothetica’s GNI?
The following information is given for an economy: Labor Force of an Economy Number of People (millions) Total population 46.5 Children under the age of 16 8.5 Retirees 7.8 Employed 23.9 Unemployed 2.5 Not actively seeking employment 3.0 Homemakers 0.8 Instructions: Round your answers to one decimal place.…
The United States GDP has been increasing over the decades but the share for workers of the GDP has decreased. Who is getting the bigger slice of the pie every year if it is not the workers? Is this a bad thing? Is this due to technology replacing workers?
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The country of Iran produces laptops and food processors. The table below shows price and output data in these industries for the years 2013 through 2015. 2013 2014 2015 price quantity price quantity price quantity Laptops $1,200 450 $1,000 600 $800 1000 Food Processors $200 2000 $300 1900 $400 1600 Which of the following shows how to find 2014 GDP in 2015 prices? Group of answer choices A) $1200 x 600 + $200 x 1900 = $1,100,000 B) $800 x 600 + $400 x 1900 = 1,240,000 C) $1000 x 600 + $300 x 1900 = $1,170,000 D) $1000 x 1000 + $300 x 1600 = $1,480,000 E) $1000 x 800 + $300 x 400 = $920,000