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The US labor force, population, and unemployment rate in January 2013 were as follows: Labor Force 155,825,000 Population 315,079,109 Unemployment rate 8.0% Based on these figures: (a) How many people were unemployed? (b) How many more jobs would be required to push the unemployment rate down to 5%? (c) According to Okun’s Law, how much would GDP have to increase in order to create enough jobs to push the unemployment rate down to 5%?
Locate an article from a financial periodical from the past 2 years about a company that restated its financial statements due to an error in accounting principal. Examples of periodicals are CFO and Journal of Accountancy.
If incomes rise for both low-income and high-income workers, but rise less for the high-income workers.
Compute a 99% confidence interval rather than a 90% confidence interval. The increase in confidence indicates that we have a better interval.
Let's assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant without any tables.
Now Assume the theater increases the number of its ads to 250. Should the theater increase its cost following this ad campaign.
Provide the time series plot. Identify the time series characteristics. Explain. Assuming no cyclical pattern, provide the best regression model for each data series. Run the regression model using E-views. Explain the validity of the model.
Using a wholesale cost of $4 per case in each state, calculate the breakeven output quantities for each alternative.
Suppose that the demand curve for a product is given by P=36-Q where P is in thousands of dollars per auto and quantity is in millions of cars per year. What other things are held constant when one moves along a demand curve?
A bank account pays 12% nominal interest with quarterly compounding. A series of deposits started with a deposit of $5,000 on January 1, 2012. Deposits in the series will occur each six months. The last deposit in the series will occur on July 1, 201..
Alice has 10lbs of cheese and 12 bottles of wine while bill has 6lbs of cheese and 8 bottles of wine. Is this an efficient allocation? If no find a Preto superior allocation. Indicate the contract curve.
California’s Proposition 13, enacted in 1978, limits the property tax on real estate to one percent of the market value when purchased, and a maximum annual increase in the tax amount of two percent. According to the Georgists, Prop 13 did not constr..
Why would one be unable to associate particular amounts of calendar time with the concepts of market period, short-run period, long-run period and historical period ? List as many reasons as you can why the low of diminishing retunes or variable prop..
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