BUS 301 Macroeconomics Assignment

Assignment Help Macroeconomics
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

Reference no: EM132496091

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