UNDERSTANDING BUSINESS / SIMNET CODE >I<
13th Edition
ISBN: 9781266120824
Author: Nickels
Publisher: MCG
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Question
Chapter 2, Problem 1CE
Summary Introduction
To determine: The task performed, skills needed, pay and opportunity outlook of the career.
Introduction:
An economist is a person whose responsibility is to evaluate economic issues by collecting and analyzing information relating to utilization of resources, and production, distribution and consumption of the goods and services.
Expert Solution & Answer
Answer to Problem 1CE
An economist is a person responsible to evaluate economic issues. Some of the skill set required is a master’s degree or Ph.D., critical thinking, math skills, detail orientation, writing and communication skills. The hourly wage rate in this career is $49.27 and annually it is $102,490. The career of the economist is projected to grow by 6% from 2016 to 2026.
Explanation of Solution
Economist evaluates the various factors which affect the economy.
The skill set which an economist requires is mentioned below:
- An economist generally requires a master’s degree or Ph.D.
- In case of few elementary level jobs, bachelor’s degree may be enough.
- An economist requires some math skills.
- Detail oriented.
- Critical thinking skills.
- Writing and communication skills.
The wage rate of an officer working in this career is:
- Hourly wage rate- $49.27.
- Annual wage rate- $102,490.
The career of the economist is that it is projected to grow 6% from 2016 to 2026, as fast as average amongst all occupations.
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Chapter 2 Solutions
UNDERSTANDING BUSINESS / SIMNET CODE >I<
Ch. 2.1 - Prob. 2.1AQCh. 2.1 - Prob. 2.1BQCh. 2.1 - Prob. 2.1CQCh. 2.1 - Prob. 1TPCh. 2.1 - Prob. 2TPCh. 2.1 - Prob. 3TPCh. 2.2 - Prob. 2.2AQCh. 2.2 - Prob. 2.2BQCh. 2.2 - Prob. 1MEDCh. 2.2 - Prob. 4TP
Ch. 2.2 - Prob. 5TPCh. 2.2 - Prob. 6TPCh. 2.2 - Prob. 7TPCh. 2.3 - Prob. 2.3AQCh. 2.3 - Prob. 2.3BQCh. 2.4 - Prob. 8TPCh. 2.4 - Prob. 9TPCh. 2.4 - Prob. 10TPCh. 2.4 - Prob. 11TPCh. 2.5 - Prob. 2.5AQCh. 2.6 - Prob. 2.6AQCh. 2.6 - Prob. 12TPCh. 2.6 - Prob. 13TPCh. 2.6 - Prob. 14TPCh. 2.6 - Prob. 15TPCh. 2 - Prob. 1CECh. 2 - Prob. 2CECh. 2 - Prob. 3CECh. 2 - Prob. 4CECh. 2 - Prob. 1CTCh. 2 - Prob. 2CTCh. 2 - Prob. 3CTCh. 2 - Prob. 1DCSCh. 2 - Prob. 2DCSCh. 2 - Prob. 3DCSCh. 2 - Prob. 4DCSCh. 2 - Prob. 5DCSCh. 2 - Prob. 1PPTCh. 2 - Prob. 2PPTCh. 2 - Prob. 3PPTCh. 2 - Prob. 4PPTCh. 2 - Prob. 1VCCh. 2 - Prob. 2VCCh. 2 - Prob. 3VC
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