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Problem
1. Calculate labor force participation rate in an economy with an adult population of 100, 50 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired.
2. Calculate a) labor force, b) labor force participation rate, and c) unemployment rate if the population of a country is 380 million people out which 92 million are under the age of 16, 58 million don't want to work and 20 million are looking for work.
3. Calculate the inflation rate in 2005 if the index number in 2005 was 120 and the index number in 2004 was 135.
Predicting the fed funds rate: Obtain data on the inflation rate for the most recent 12-month period possible.
what is the view of the relation between aggregate demand and output reflected in thirlwalls balance of
Assume government forced a minimum wage above what otherwise would be equilibrium wage rate for this segment of the labor market.
A new aerated sewage lagoon is required in a small town. Earlier this year one was built on a similar site in an adjacent city for $2.3 million. The new lagoon will be 65 percent larger. Use the data in Table 2-l to estimate the cost of the new lagoo..
The economy of the country of Upland is still recovering from a severe recession and still has an unemployment rate close to 9%. Assume that the government's only concern is to achieve full employment. 1. What type of fiscal policy would you rec..
If the increase in demand for curling stones persists, do you expect the long-run equilibrium price to increase, decrease, or stay the same?
suppose the hotel in the lecture example raised its price from 30 to 30.50. with the new price the hotel expects 96
In the numerical example given in the text, the inverse demand function for the delectable resource is P = 8 - 0.4q and the marginal cost of supplying it is $4.
The external marginal cost of producing coal is MC external = 8Q while the internal marginal cost is MC internal = 6Q. The inverse demand for coal is given by P = 180 - 4Q. What is the socially efficient level of output?
the cost function of a competitive firm is tc250.01q2 and the corresponding marginal cost function is mc0.02q.a how
1) A country with a civilian population of 900,00 (all over age 16) has 70,000 employed and 10,000 unemployed persons. Of the unemployed, 5,000 are frictionally unemployed and another 3000 are structurally unemployed. On the basis of this data, answe..
Go to the National Bureau of Economic Research website, "Business Cycle Expansions and Contractions." From the data given in the table, 1) describe the business cycles for the period of March 1991 to the most recent month, and
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