Reference no: EM1373810
5: The Bureau of Labor Statistics reported that in December 2002, total labor force was 142,542,000 of a possible 214,967,000 working age adults. The total number of unemployed people was 8,590,000. From this data, describe how to compute the following and calculate the rates for December 2002:
5a: Labor force participation rate
5b: Unemployment Rate
5c: Employment Rate
10: Supply or demand examine states that equilibrium occurs where quantity supplied equals quantity demanded, but in United States agricultural markets quantity supplied almost always exceeds quantity demanded. How can this be?
11: The government establishes rights to pollute. Without a pollution permit, you are not allowed to emit pollutants into the air, water, or soil. Firms are allowed to buy and sell these rights. In what way will this correct for an externality?
15: What would happen to the United States trade deficit and to the United States exchange rate if Japan ran an expansionary monetary policy?
16: How does personal income differ from national income?
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Question about aggregate demand
: Think a country A with a population of 220 people; 200 are working age and 180 are in the labour force. Thirty people are without a job and 30 have a part time job.
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Fiscal policies and business cycles
: Determine how can federal government spending crowd out private sector investment and consumption and does the exent of crowding out depend on whether or not government spending is financed by taxes.
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Preparing a paper on defining the terms economics
: Research and explain the terms below and summarize how each belongs to health care. Students should research the definitions of following economic terms: economics, macroeconomics, supply, demand, microeconomics.
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Explain economic principles
: Suppose if there were no tax profits and behavior is governed through rational self interest, would people give to charitable institutions? use economic principles to describe.
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Supply or demand analysis and pollution permits
: The Bureau of Labor Statistics reported that in December 2002, total labor force was 142,542,000 of a possible 214,967,000 working age adults.
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Differentiate between two sources of inflation
: Describe why a reduce in aggregate demand results in a lower level of employment, given a fixed aggregate supply.
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Classical and keynesian views of wages
: During the 1990s, Western Europe experienced high rates of unemployment, while in the US, rate of unemployment remained far below natural rate.
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Determine date and source of exchange rates
: Discuss and explain how exchange rates are determined using supply and demand. Provide some examples. Determine the current exchange rate of the United States to Japan, Canada, Germany, and Mexico currencies?
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Comparative advantage in technology
: Techland and Clothworld are 2-nations with the similar number of employees. In Techland each employee can make 4 units of technology OR 4 units of clothing.
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