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.

Question

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Answer 1

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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Answer 2

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

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.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

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.

Answer 6

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.

Answer 7

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.

Answer 8

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.