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In the country of Economica, the total labor force consists of 15,000 workers. 750 of these workers are unemployed, and thus the current unemployment rate is 5.0%.This year, 300 workers will lose their jobs, 255 workers will return to the labor force after an absence, 150 workers will voluntarily leave their jobs, and 750 new workers will enter the labor force. At the same time, 1244 workers will find jobs, and 450 workers will retire or leave the labor force for other reasons. Thus, at the end of the year, the labor force will consist of how many workers, and the unemployment rate will be what %?
Suppose we have the following information about the productivity of two industries in USA and Mexico. The unit labor requirements are given in the following table. Plot production possibilities frontier (PPF) for each country assuming that each count..
What is the difference between actual unemployment rate and natural rate of unemployment? In an economy, 5% of the employed workers lose their jobs and 20% of unemployed workers find jobs during the FY 2015. Calculate the natural rate of unemployment..
Helen has a utility function given byU=[x^.5+y^.5 ]^2, where x is the amount of product X consumed per month and y is the amount of product Y consumed per month. The government has instituted rationing. Everyone receives 200 ration points per month. ..
q.country economic analysis report country is indiafor the most current year collect the subsequent data1 gdp you may
With fewer also fewer barriers to trade, countries are able to focus on producing those goods also services which they are best.
Assume Al and Bob are fans of the Chubs. Their willingness to pay for Chubs’ preseason and regular-season games is noted below. Pre-Season: Al = 200 Bob = 300 Regular-Season: Al = 800 Bob = 600 If the Chubs were to sell the pre-season and regular-sea..
Find a numerical equaltion relating planned aggregate expenditure to output and to the real interest rate.
An established firm is considering expanding its capacity to take advantage of a recent rapid growth in demand. It can do so in two ways. It can purchase fungible, general-purpose assets that can be resold close to their original value, if their use ..
Consider a country with an economic structure consistent with the assumptions of the classical model. Suppose that businesses in this nation suddenly anticipate higher future profitability from investments they undertake today.
Using the table for a period interest rate of 1.75%, what is the factor value that would be used for discounting a payment made at the end of period 36 to the equivalent at the end of period 3?
Suppose the own price elasticity of market demand for retail gasoline is -0.5, the Rothschild index is 0.4, and a typical gasoline retailer enjoys sales of $1,550,000 annually. What is the price elasticity of demand for a representative gasoline reta..
Let's assume you want to open one of the following new businesses. What form of business ownership would you choose for each business? Why?
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