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ABS reported the following data for October 2011:
Labour force participation rate: 65.6 per cent
Working-age population: 18,429,726
Employment-to-population ratio: 62.2
Calculate the
(a) Labour force.
(b) Employment.
(c) Unemployment rate.
The Lucky Country reported the following CPI data:
June 2010 201.9
June 2011 207.2
June 2012 217.4
(d) Calculate the inflation rates for the years ended June 2011 and June 2012. Explain how the inflation rate changed in 2012?
(e) Explain why might these CPI numbers be biased?
(f) What would be alternative price indexes and how would the alternative price indexes help to avoid the bias in the CPI numbers?
Walmart has any special foreign exchange problems resulting from its strategic stance payment in USD, and what alternative policies the company could adopt in the event of such problems.
Draw a set of indifference curves for Jones, and second set for Smith, with alcoholic drinks on vertical axis and non-alcoholic on the horizontal axis.
Waters' Edge is a clothing retailer that promotes its products via catalog and accepts customer orders by all of the conventional ways including the Internet. The company has gained a competitive advantage by collecting data about its operations a..
Illustrate what effect would a period of rapid inflation likely have on the role of money.
A monopolist sells in both Milwaukee also Cleveland and has identical marginal price of 8 in each market.
Calculate the equilibrium values of consumption expenditureand the Government's budget balance.
Suppose after taxation that the consumer is given a payroll tax rebate that happens to be exactly equal to the amount of gasoline tax he pays. Illustrate what will be the consumer consumption of gasoline now and how much will be the amount of reba..
Please give some data on unions from the employee's perspective. Discuss some advantages of a unionized organization
Which definition(s) of the money supply include(s) only items which are directly and immediately usable as a medium of exchange?
In short, the only difference is the exponent of At in the (final good) production function, so that now there are diminishing returns to ideas in that sector. Provide an economic interpretation for the first equation. What is the growth rate of kn..
When the Federal Chairman, Ben Bernake, announces a change in the interest rate, does the Federal Reserve directly or indirectly change interest rate? explain.
United States has absolute advantage over many countries in production of most goods and services. Yet, the country is running the record trade deficit year after year. The current trade deficit is about six percent of the country's GDP. Is it a ..
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