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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?
Assume that the exchange rate between the Canadian dollar and the Euro is 2 Euros per Canadian dollar.
What price should DD set to maximize profits? What would output be if DD acted like a perfect competitor and set P = MC?
Assume market demand and supply are given. Equilibrium price of X is $100 per unit then producer surplus is.
A rural utility organization gives standby power to pumping stations using diesel-powered generators.
Assume you currently earn taxable income of $100,000 per year. You are subject to an MTR of 50%. Currently, your ATR is 35%. Calculate your annual tax.
Elucidate the adjustment that will take place in the catfish farming industry in Louisiana that will result from the implementation of the pollution fee. Use diagrams with "U" shaped cost curves.
Illustrate what will be the consumer consumption of gasoline now and how much will be the amount of rebate.
This customer can buy or sell the commodity depending on its cost.
Illustrate what are the three recommendations you would make to him to improve the overall effectiveness of the economy.
If the required reserve ratio is 10 percent, banks keep 2 percent excess reserves, and the public keeps a 10% cash to deposit ratio, determine the money multiplier?
We have learnt that in a perfectly Competitive market, all cost savings from a technological advance are passed along to cnsumer in the form of lower prices
Assume that the Fed perceives inflation on the horizon and decides to pursue a contractionary monetary policy.
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