This question refers to the information (below)which assumes that the economy of CountryA has the following individuals in thesecategories (assume no overlap acrosscategories):** Number of people out of work, who areactively seeking a job: 60** Number of people who are retired: 40** Number of people who areinstitutionalized: 25** Number of people who are employed witha full-time job: 630** Number of people who are employed witha part-time job: 140** Number of people who are part of thecategory disguised unemployment: 80** Number of people who are part of thecategory discouraged workers: 90** Number of people who are collegestudents with no job and not seeking a job:110What is this economy's current (official)unemployment rate?a.7.8%b.18.2%c. 15.4%d.6.6%e.none of the above

Unemployment rate=unemployed peopleLabor Force×100Labor Force=Unemployed People+Employed People…

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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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For the next question consider the data in the table below for a simple economy. Total Population 50,000 Working-Age Population 40,000 Employed 20,000 Unemployed 5,000 You learn that 2,000 citizens that are not in the labor force would like a job. Consider the 2,000 discouraged workers. The unemployment rate considering the discouraged workers (but not the involuntary part time workers) is Total Population 50,000 Working-Age Population 40,000 Employed 20,000 Unemployed 5,000 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a 31.2% 28.6% C 25.9% d 34.8%
According to the Bureau of Economic Analysis, the GDP Deflator for the 3rd Quarter 2021 is +5.7%. The U.S. Bureau of Labor Statistics reported the Consumer Price Index (CPI) as rising 5.4 percent over the last 12 months, not seasonally adjusted. Given this information: 1) Interpret these data and summarize its meaning. 2) What are these data measuring? 3) If you were a business economist, which would you use and why?
What is the labor force participation rate in Spain?
The table below presents a brief summary of City Y’s total spending, local GDP, and population changes. Read the table and answer the following questions. 2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05 Calculate per capita spending in 2010 and 2020, respectively, using constant dollars. *Results round to the nearest dollar. Calculate the compound annual growth rate of per capita spending from 2010 to 2020 Interpret what the two spending-to-GDP ratios tell us about City Y’s spending trend. Assuming City Y’s population grows at a constant rate in the next decade. Based on the information in the table, estimate City Y’s population in 2030.
Using data from Table 19.5 how much of the nominal GDP growth from 1980 to 1990 was real GDP and how much was inflation?
Suppose the populstion is 300 million people. Of these 70 million people are classified as not surveyed 80 million people as not in the labor force and 144 million as employed. What would be the unemployment rate in this example.
The table below presents a brief summary of City A’s total spending, local GDP, and population changes. Read the table and answer the following questions. 2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05 Calculate per capita spending in 2010 and 2020, respectively, using constant dollars. *Results round to the nearest dollar. 2010 per capita spending: 2020 per capita spending: 2. Calculate the compound annual growth rate of per capita spending from 2010 to 2020 3. Calculate spending-to-GDP ratios in 2010 and 2020, respectively. *Results round to the nearest 2 decimal places. 2010 spending-to-GDP ratio: 2020 spending-to-GDP ratio: Interpret what the two spending-to-GDP ratios tell us about City A’s spending trend. 4. Assuming City A’s population grows at a constant rate in the next decade.…
There are 300 individuals in Latvaria. Of these, 75 are younger than 16, 5 are in prison, and 20 are in the hospital (there is no armed forces in Latvaria). There are 110 employed individuals and 10 unemployed individuals. What is the LFPR, expressed as a percentage (DO NOT INCLUDE THE PERCENT SIGN IN YOUR ANSWER. ROUND YOUR ANSWER TO THE NEAREST WHOLE NUMBER)?

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