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1) Compute various indicators of the state of the labour market using the following information. Please show all of your working. If you do not, you will receive zero marks for the question(s).
Demographic Group Number of Residents
Full-time workers 7000Part-time workers 2000Unemployed and looking for work 600Unemployed and not looking for work due to 500 discouragement over job prospectsNot working due to disability 300Not working due to retirement 900Under the age of 15 3000Total Population 14300
a) What is the size of the labour force in this economy?
b) Calculate the Labour Force Participation Rate for this economy. Report as a percentage to two decimal places.
c) Calculate the Unemployment Rate for this economy. Report as a percentage to two decimal places.
d) Suppose that the natural rate of unemployment is considered to be 5%. What is the rate of cyclical unemployment? Report as a percentage to two decimal places.
What is Zynga's profit-maximizing number of games to be published and what is the total amount of the externality at Zynga's profit-maximizing quantity?
Which of the following is the primary disadvantage of producing inputs within a firm?
Use the first order conditions for profit maximisation to show that a monopolist will never produce on the inelastic portion of his demand curve.
COUNTRY ANALYSIS 1. Describe the population trends. 2. What is the gross national product and its' trend 3. What are the key imports and exports 4. What are the country's major industries. 5. Describe the political system and legal environment. Do th..
It is estimated that the U.S. financial crisis of 2008 led to a loss of $7 trillion in the real estate industry due to the decline in housing prices. The stock market decline brought another $11 trillion in losses, and retirement accounts lost $3.4 t..
the per-week demand for use of the golden gate bridge in san francisco is p 13 - 0.15q during peak traffic periods and
Select a product you have purchased in the past month from a clothing or shoe store. Explain how each of the four factors contributed to the elasticity of the good.
the demand and supply functions for the world truffle market are given byqd 48 000 - 40pqs -3000 10pwhere p is the
dayton metal corporation dmc a medium-sized manufacturer of fabricated metal parts is considering whether to enter the
Which statement best characterizes Adam Smith’s concept of the “invisible hand”. Those who don’t work shouldn’t eat or else.
Analyze the economics of New Orleans in light of the above parameters and develop your own Cost-Benefit Analysis (CBA) for rebuilding.
Explain the difference between the demand curve facing the monopoly firm and demand curve facing the perfectly competitive firm.
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