The way frictional unemployment is affected due to matching of job seekers and employers through services like Company TR. Concept Introduction: Frictional Unemployment: This kind of unemployment exists when the employed people leave their job in order to find a better one.This kind of unemployment is voluntary in nature.

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Answer 1

Question

Chapter 8, Problem 1QFT

To determine

To explain: The way frictional unemployment is affected due to matching of job seekers and employers through services like Company TR.

Concept Introduction:

Frictional Unemployment: This kind of unemployment exists when the employed people leave their job in order to find a better one.This kind of unemployment is voluntary in nature.

Expert Solution & Answer

Answer to Problem 1QFT

Many of the already employed workers prefer to work as a freelancer with the advancement of technology.

The transformation of the market is possible by the matching online jobswith the service provided.

Explanation of Solution

Few companies prefer to hire temporary worker instead of permanent ones, during the peak times. Therefore, the role of temporary staff is becoming important with time.

Many people stay unemployed every year, so these people can get temporary employment. Therefore, if this expanding of market is continued, then there will be riser in pool of workers.

When people use services provided by company TR, they will leave their old jobs to find a better replacement which takes time. This will lead to an increase in frictional unemployment.

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5. Download the Excel sheet from Brightspace. The data contains the GDP per capita and GNI per capita of OECD member countries in 2014 (both figures are reported in US dollars). The countries are ranked by GDP per capita. a. Compute the ratio of GNI to GDP for each country (GNI per capita/GDP per capita). What does this imply about net factor income from abroad for each country? b. Rank the countries based on the GNI/GDP ratio, starting with the country with the highest ratio and ending with the country with the lowest ratio. Which country has the highest ratio, and which has the lowest? c. Comment on why the countries you identified in the previous question have a large difference between GDP and GNI? What does the difference imply?

3. Answer the following questions about external wealth. a. Home has external wealth of $100 million in period t. In t+1, Home purchases $160 million foreign assets, and Foreign purchases $120 million in Home assets. Assume a world interest rate of 10% per annum. Compute the "change" in external wealth at t+1 for Home. b. A country's external wealth was -$1.5 billion at the end of 2015, and its trade balance was $750 million in 2016. Assume the world interest rate is 5% per annum. What is the "value" of a country's external wealth at the end of 2016?

1. The table below shows a country's hypothetical national income and product accounts data. Category Consumption (personal consumption expenditures) Investment (gross private domestic investment) Government consumption (government expenditures) Exports Imports Net Factor Income from Abroad Net unilateral transfers Billions of Dollars 8,000 1,300 2,100 900 1,750 +45 -20 a. Compute the following accounts using the information in the table: Gross national expenditure (GNE) . Trade balance (TB) • Gross domestic product (GDP) • Gross national income (GNI) . Gross national disposable income (GNDI) Current account (CA) b. Derive the current account identity using the national income identity. Are savings greater than or smaller than investment in this country? The national income identity is: GNDIGNE + CA, GNE = C + G + I.

Answer 2

Question

Chapter 8, Problem 1QFT

To determine

To explain: The way frictional unemployment is affected due to matching of job seekers and employers through services like Company TR.

Concept Introduction:

Frictional Unemployment: This kind of unemployment exists when the employed people leave their job in order to find a better one.This kind of unemployment is voluntary in nature.

Expert Solution & Answer

Answer to Problem 1QFT

Many of the already employed workers prefer to work as a freelancer with the advancement of technology.

The transformation of the market is possible by the matching online jobswith the service provided.

Explanation of Solution

Few companies prefer to hire temporary worker instead of permanent ones, during the peak times. Therefore, the role of temporary staff is becoming important with time.

Many people stay unemployed every year, so these people can get temporary employment. Therefore, if this expanding of market is continued, then there will be riser in pool of workers.

When people use services provided by company TR, they will leave their old jobs to find a better replacement which takes time. This will lead to an increase in frictional unemployment.

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Answer 3

Question

Chapter 8, Problem 1QFT

To determine

To explain: The way frictional unemployment is affected due to matching of job seekers and employers through services like Company TR.

Concept Introduction:

Frictional Unemployment: This kind of unemployment exists when the employed people leave their job in order to find a better one.This kind of unemployment is voluntary in nature.

Expert Solution & Answer

Answer to Problem 1QFT

Many of the already employed workers prefer to work as a freelancer with the advancement of technology.

The transformation of the market is possible by the matching online jobswith the service provided.

Explanation of Solution

Few companies prefer to hire temporary worker instead of permanent ones, during the peak times. Therefore, the role of temporary staff is becoming important with time.

Many people stay unemployed every year, so these people can get temporary employment. Therefore, if this expanding of market is continued, then there will be riser in pool of workers.

When people use services provided by company TR, they will leave their old jobs to find a better replacement which takes time. This will lead to an increase in frictional unemployment.

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Answer 4

Question

Chapter 8, Problem 1QFT

To determine

To explain: The way frictional unemployment is affected due to matching of job seekers and employers through services like Company TR.

Concept Introduction:

Frictional Unemployment: This kind of unemployment exists when the employed people leave their job in order to find a better one.This kind of unemployment is voluntary in nature.

Expert Solution & Answer

Answer to Problem 1QFT

Many of the already employed workers prefer to work as a freelancer with the advancement of technology.

The transformation of the market is possible by the matching online jobswith the service provided.

Explanation of Solution

Few companies prefer to hire temporary worker instead of permanent ones, during the peak times. Therefore, the role of temporary staff is becoming important with time.

Many people stay unemployed every year, so these people can get temporary employment. Therefore, if this expanding of market is continued, then there will be riser in pool of workers.

When people use services provided by company TR, they will leave their old jobs to find a better replacement which takes time. This will lead to an increase in frictional unemployment.

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

Answer 5

Chapter 8, Problem 1QFT

To determine

To explain: The way frictional unemployment is affected due to matching of job seekers and employers through services like Company TR.

Concept Introduction:

Frictional Unemployment: This kind of unemployment exists when the employed people leave their job in order to find a better one.This kind of unemployment is voluntary in nature.

Expert Solution & Answer

Answer to Problem 1QFT

Many of the already employed workers prefer to work as a freelancer with the advancement of technology.

The transformation of the market is possible by the matching online jobswith the service provided.

Explanation of Solution

Few companies prefer to hire temporary worker instead of permanent ones, during the peak times. Therefore, the role of temporary staff is becoming important with time.

Many people stay unemployed every year, so these people can get temporary employment. Therefore, if this expanding of market is continued, then there will be riser in pool of workers.

When people use services provided by company TR, they will leave their old jobs to find a better replacement which takes time. This will lead to an increase in frictional unemployment.

Answer 6

Chapter 8, Problem 1QFT

To determine

To explain: The way frictional unemployment is affected due to matching of job seekers and employers through services like Company TR.

Concept Introduction:

Frictional Unemployment: This kind of unemployment exists when the employed people leave their job in order to find a better one.This kind of unemployment is voluntary in nature.

Expert Solution & Answer

Answer to Problem 1QFT

Many of the already employed workers prefer to work as a freelancer with the advancement of technology.

The transformation of the market is possible by the matching online jobswith the service provided.

Explanation of Solution

Few companies prefer to hire temporary worker instead of permanent ones, during the peak times. Therefore, the role of temporary staff is becoming important with time.

Many people stay unemployed every year, so these people can get temporary employment. Therefore, if this expanding of market is continued, then there will be riser in pool of workers.

When people use services provided by company TR, they will leave their old jobs to find a better replacement which takes time. This will lead to an increase in frictional unemployment.

Answer 7

Chapter 8, Problem 1QFT

To determine

To explain: The way frictional unemployment is affected due to matching of job seekers and employers through services like Company TR.

Concept Introduction:

Frictional Unemployment: This kind of unemployment exists when the employed people leave their job in order to find a better one.This kind of unemployment is voluntary in nature.

Answer 8

Expert Solution & Answer

Answer to Problem 1QFT

Many of the already employed workers prefer to work as a freelancer with the advancement of technology.

The transformation of the market is possible by the matching online jobswith the service provided.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Explanation of Solution

Few companies prefer to hire temporary worker instead of permanent ones, during the peak times. Therefore, the role of temporary staff is becoming important with time.

Many people stay unemployed every year, so these people can get temporary employment. Therefore, if this expanding of market is continued, then there will be riser in pool of workers.

When people use services provided by company TR, they will leave their old jobs to find a better replacement which takes time. This will lead to an increase in frictional unemployment.

Answer 12

Ch. 8 - Prob. 1QFT Ch. 8 - Prob. 2QFT Ch. 8 - Prob. 3QFT Ch. 8 - Prob. 1P Ch. 8 - Prob. 2P Ch. 8 - Prob. 3P Ch. 8 - Prob. 4P Ch. 8 - Prob. 5P Ch. 8 - Prob. 6P Ch. 8 - Prob. 7P

Answer to Problem 1QFT

Explanation of Solution

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