User Account

All Pages

Unemployment rate down

Assignment Help Business Economics
Reference no: EM131188692

US Labor Force.

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 percentage) in order to create enough jobs to push the unemployment rate down to 5%?

You can only find the percentage change needed from this information.

Reference no: EM131188692

Questions Cloud

At what angle was the second ball hit : This ball also travels 99 yd. At what angle was the second ball hit?
Gdp so much higher than that of mexico : Why is the U.S. GDP so much higher than that of Mexico? Would the same reasons apply when we compare the U.S. GDP to Canada's GDP?
How would you use ti frame relay atm or mpls : How would you use TI, Frame Relay, ATM or MPLS? How would you use DSL or Cable modems? How would you use VPN? What type of attacks would you expect and how would you protect from those attacks?
Determine the range of values of q : The angle between the wall and A (top cable) is 30 degrees, the angle between the wall and B (bottom cable) is 60 degrees. Q is the variable pointing straight down, and P is the red vector pointing up and to the right at 75 lbs, 30 degrees above t..
Unemployment rate down : (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 percentage) in order to create enough jobs to push the unem..
What have you learned from others responses : What were the most compelling points from the interaction with your fellow students? How did participating in this discussion help in your understanding of the Discussion Board task?
Construct the data processing sheet or sheets : Construct the data processing (calculation) sheet or sheets (see marking rubric for more details). Construct an attractive report sheet (see marking rubric for more details)
Find the diameter of the moon : find the diameter of the moon. (The angle subtended by the moon ? is approximately D/rm, where D is the diameter of the moon and rm is the distance to the moon.)
What does the organization produce : Describe and discuss the selected organizations with regard to the following: What are the organizational goals? Explain. What are the organization's functions, activities, operations, and exercises? Describe and summarize them.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd