The unemployment rates began to increase sharply in 2008, as the financial crisis deepened and businesses began laying off workers. This had widespread impacts on the US economy and contributed to the severity of the crisis. Explain this with a graph please. (Macroeconomics)
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- The following table contains data on the fictional country of Penguinia. Presented are the country's nominal GDP, real GDP, and the GDP chain price index for various years. The base year for the chain price index is 2011. Using the data in the table, fill in the blank cells with the correct values. Year Nominal GDP Real GDP GDP Chain Price Index 2014 $8,766 $6,871 127.58 2017 $8,699 119.08 2020 $9,203 $7,926 From 2014 to 2017, nominal GDP ________ by __________ , while real GDP _______ by ___________ .The following table contains data on the fictional country of Penguinia. Presented are the country's nominal GDP, real GDP, and the GDP chain price index for various years. The base year for the chain price index is 1993. Using the data in the table, fill in the blank cells with the correct values. Year Nominal GDP Real GDP GDP Chain Price Index 2002 $8,766 $6,871 127.58 2006 $8,699 119.08 2010 $9,203 $7,926 From 2002 to 2006, nominal GDP by , while real GDP by .For the following video please answer these questions. Business Cycle. http://www.youtube.com/watch?v=TXrOpjG4dUs 1. Refer to your text book and draw and label the Business Cycle. Be able to identify andexplain the four stages of the cycle. 2. State the characteristics of recession and expansion.3. What stage of the business cycle are we in at this time? What facts or data do youknow that support this.4. How does the business cycle influence an individual country’s economy and the actionstaken by its government?
- ANSWER THE FOLLOWING QUESTIONS: (Detailed responses (4-5 paragraphs for each question. No short answers please 1. Why did the unemployment rate increase in the year 2020? 2. How has the pandemic impacted inflation? 3. How did Covid-19 effect the stock market? 4. What was the potential impact of Covid-19 on GDP (gross domestic product) and trade? A. Provide an introduction and the background of your study, and clearly state what your research question or objective is. What real world issue are you going to research; ie your research idea or objective: III. Briefly explain how the economic theory is related to your real world topic Recent Trends of Real-World Evidence Report: Produce a report of facts/information to educate us about your chosen real world application. Find news items/articles that provide verifiable facts/data related to your topic of interest (views and opinions expressed via social media are not credible since they are not facts)). These should report recent…Based on the charts consulted, comment what is expected from the American economy in the next years in general terms. Are there differences in the forecasts? How do you think the state will act in the future based on the chart variables that inform us about its behavior? What will the behavior of families and companies be like? Using these graphs provided, Answer the questions in an essay format, comparing the two. Source: J.P. Morgan Asset Management; (Top left) Census Bureau, DOD, DOJ; (Top left and right) BLS; (Right and bottom left) BEA. GDP drivers are calculated as the average annualized growth in the 10 years ending in the fourth quarter of each decade. *The latest period reflects 1Q20 to 3Q23. Future working-age population is calculated as the total estimated number of Americans from the Census Bureau, per the November 2023 report, controlled for military enrollment, growth in institutionalized population and demographic trends. Growth in working-age population does not…Please give a detailed solution with an explanation for the following images. Please double-check your answers and sources before submitting the final answer. For the graph please make sure it is visible, clear, and label the coordinates too.
- 1) India's Economic Survey - a document published by the Ministry of Finance, Government of India – provide following information for the Indian Economy for the fiscal year 2010 – 11. GDP at Factor Cost (Current Price in Rs. Crore) Saving Investment Consumption Current Account Balance Exports Imports WPI Consumer Price Index – Industrial Worker (CPI - IW) Source: Economic Survey 2010 – 11, Government of India 7,157,412 32% of GDP 35% of GDP 62% of GDP -2.7% of GDP 15% of GDP 23% of GDP 9.6% 10.4% Interpret the numbers and then explain the macroeconomic scenario of the Indian economy for the fiscal year 2010 – 11.Economics The following table gives the exchange rates of the South African Rand and the US dollar (USD) against the pound sterling (GBP). The exchange rates are defined as the number of Rand or USD per 1 GBP. Answer parts (a), (b), and (c) based on this data, then answer part (d). 22 December 2015 | 22 December 2016 Rand/GBP 22.53 17.29 |USD/GBP 1.48 1.23 (a) Did the Rand appreciate or depreciate against the GBP in 2016? (b) Did the Rand appreciate or depreciate against the USD in 2016? (c) If the UK is the home country, how do expect net exports between UK and South Africa to have changed in 2016? (d) Two hypothetical countries A and B are identical in every way except B has a higher proportion of credit-constrained households. Suppose, that simultaneously, both countries experience an equivalent increase in demand for their exports. Would the countries experience the same change in national income, or would they be different?Consider an economy that initially has a labor force of 2,000 workers. Of these workers, 1,900 are employed. The economy enters a recession. The number of employed workers falls by 4%. In addition, 0.2% of the labor force becomes discouraged at the prospect of finding a job and leaves the labor force. Show your calculation for the following. a. How many workers are unemployed before the recession? What is the unemployment rate before the recession? b. After the recession begins, what is the size of the labor force? How many workers are employed? How many workers are unemployed? What is the unemployment rate? c. Suppose that total output falls by 8% in the recession, what is the value of the Okun's law coefficient relating the loss of output to the increase in unemployment?
- Plot these data points, and identify the four phases of the business cycle. Give a theory that may explain the cause of the observed business cycle. What are some of the consequences of a prolonged decline in real GDP? Is the decline in real GDP from $1,000 billion to $500 billion a recession?Fill in the missing values in the table below. Instructions: Round your answers to 1 decimal place. Nominal GDP Real GDP Price Index Year (Billions) (Billions) (Year 0 = 100) %3D 1 15,214.4 101.7 2 15,270.6 103.8 16,405.3 15,604.7 4 15,862.2 107.4 5 17,643.1 16,232.2 6. 18,286.6 110.5Refer to the following table that shows monthly data for Japan. What was the unemployment rate in January 2014?
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