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Name and define the two main labour market indicators

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Reference no: EM132472855

Define and briefly explain the significance of each of the following terms

A) Interest rate parity

B) Real exchange rate

C) Money multiplier

D) Human capital

E) Ricardo- Barro effect

F) Unemployment rate

G) Crowding out effect

H) Business cycle

I) Inflation rate

J) Multiplier

K) Power purchase parity

L) Cost push inflation

There are 100,000 people in yellowland. Of these 100,000 people 25,000 are to old to be able to work, and 15000 are to young to be able to work. Of the remaining 60,000 people, 10,000 are not working and have given up looking for work: 45000 are currently employed and the remaining 5000 are looking for work but do not currently have a job.

A) Name and define the two main labour market indicators

B) What is the number of people in the labour force in yellow land?

C) What is the unemployment rate in Yellowland?

D) How many people in Yellowland are discouraged workers?

E) What is the labour force participation rate in Yellowland?

Reference no: EM132472855

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