Reference no: EM132496091
BUS 301 Macroeconomics - Emirates College of Technology
Problem 1: Use the provided data to answer the following questions:
Employment Statistics
|
Children under 16
|
Employed
|
Not employed, Not seeking job
|
Not employed, Seeking job
|
In Jail
|
Retired
|
40
|
72
|
10
|
24
|
30
|
24
|
1. Calculate the size of population
2. Calculate economic activity rate
3. Calculate unemployment rate
4. Calculate employment rate
Problem 2: Identify the type of unemployment for each example
1.Carl has recently resigned from working at Plug Ins and is trying to find a job that would better suit his degree in IT.
2. Many people nowadays are losing their job because of the recent slowdown in the economy.
3. A worker in a clothing factory is laid off because people are buying cheaper Asian imports.
Problem 3: Answer the following questions
Consider a macroeconomy that only produces two goods, A and B. The base year is 2015 and all quantities are measured in billions. Round all your answers to the nearest tenth.
|
Quantity
|
Prices
|
products
|
2015
|
2016
|
2015
|
2016
|
A
|
100
|
105
|
$20
|
$20
|
B
|
50
|
52
|
$100
|
$105
|
1. Calculate the real GDP (Y) growth rate in 2016.
2. Calculate nominal GDP for 2016.
Problem 4:
Explain how Coronavirus pandemic will impact the macroeconomic indicators.You should use two indicators: output and unemployment in your analysis.
Attachment:- Macroeconomics.rar