Question 31Homework • UnansweredYou learn that 2,000 of the employed workers are part-time workers. Consider the 2,000 involuntary part-time workers halfunemployed. The unemployment rate considering involuntary part-time workers isTotal Population50,000Working-Age PopulationEmployedUnemployed40,00020,0005,000Select an answer and submit. For keybcard navigation, use the up/down arrow keys to select an answer.a24.0%b26.0%28.0%d.32.0%Question 28Homework . UnansweredIn year 3, the GDP deflator is 136. The inflation rate between year 2 and year 3 isTTITQuantityQuantityProductPrice (Year 1)Price (Year 2)(Year 1)(Year 2)Cars502510030Homes10501560Cheeseburgers10051506Cheese50753Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.a18.0%b15.0%13.3%28.84%

Unemployment refers to the state of being without a job and actively seeking employment. It is an…

You learn that 2,000 of the employed workers are part-time workers. Consider the 2,000 involuntary part-time workers half unemployed. The unemployment rate considering involuntary part-time workers is Total Population Working-Age Population Employed 50,000 40,000 20,000 Unemployed 5,000 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. 24.0% 26.0% 28.0% 32.0%

You learn that 2,000 of the employed workers are part-time workers. Consider the 2,000 involuntary part-time workers half unemployed. The unemployment rate considering involuntary part-time workers is Total Population Working-Age Population Employed 50,000 40,000 20,000 Unemployed 5,000 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. 24.0% 26.0% 28.0% 32.0%

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Assume that the level of structural, frictional and seasonal unemployment in this simple economy is 4%. The cyclical unemployment rate is Total Population Working-Age Population Employed Unemployed Question 30 a Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. n 3.1% b 4.1% 5.1% 100,000 70,000 50,000 5,000 d 6.1% K
Month CPI January 281.93 February 284.18 March 287.71 April 288.66 The minimum wage was $1.60 in 1968. The CPI in December of 1968 was 35.6 and we have the data above for CPI values in 2022. What is the value of the 1968 minimum wage in April 2022 terms? Round your answer to two digits after the decimal without the dollar sign. Make sure you are using the correct base period.
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The unemployment rate in a certain country was dropping at a constant rate of 0.2% (= 0.002, in decimals) between 2009 and 2019. In 2012, the unemployment rate was 3.5%.Let t be the number of years since 2009 and let U(t) be the unemployment rate at year t.(a) Find a formula for the function U. (Hint: use decimals in place of percentages.)U(t) =(b) Assuming the model is valid for a couple of more years after 2019, calculate the expected unemployment rate in year 2021. Enter your answer as a percentage.
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Unemployment Question The small country of Macroland has a population of 100,000 people over the age of 18 and under 65. There are 50,000 people under the age of 18, and 20,000 people over the age of 65. The number of people between ages of 18 and 65 that are looking for jobs is 20,000, and the number that have jobs is 50,000. Using this information, answer the following questions. Show your work. These are numbers for the month of January. а. What is the labor force of Macroland for people between the ages of 18 and 65 in January? b. What is the unemployment rate of Macroland for people between the ages of 18 and 65 in January? What is the labor force participation rate of Macroland for people between the ages of 18 and 65 in January? с. Now assume there were some changes in February. Of the people between the ages of 18 and 65 in Macroland, about 2000 who were looking for work now dropped out of the labor market, and stop looking for work. In addition, 8000 people who were previously…