What would be the change in unemployment rate

Assignment Help Business Economics
Reference no: EM131092379

Imagine the number of unemployed is 6,554 and the number of employed is 28,446. Then, 3,524 people that were considered unemployed become discouraged and stop looking for a job. What would be the change in the unemployment rate as a resul of this? (input your answer in percentage points. For example if the unemployment rate changes from 7.3% to 5.3% then input your answer as -2% and if it changes from 4% to 5% the enter you answer as 1%.)

Reference no: EM131092379

Questions Cloud

What are the equilibrium wage and employment levels : Suppose there are two industries, airlines (A) and breweries (B), and that the demand for secretatrial labor, E, in each industry is EA = 25 – wA and EB = 20 – 2 wB. If the supply of secretarial labor is E = 2 w, then what are the equilibrium wage an..
Explain three types of economic growth : Explain 3 types of economic growth. Provide examples. Why technological changes becomes more important for economic growth. Compare the cost of Multinational corporations operating in a foreign country with the cost of domestic firms. Explain. How ca..
Discuss importance of sales strategies : Discuss the importance of sales strategies and give examples of some typical strategies that might be pursued. Indicate why it is important for the sales manager to determine effective strategies for his or her sales force.
Normal form of the game and derive all of nash equilibria : Consider a firm with two agents – 1 and 2. Both agents have to choose between two options: Client Focus or Cost Focus. If both choose Client the payoffs to 1 are 20 and 10 to agent 2. Assume that the agent choose their actions simultaneously. Draw th..
What would be the change in unemployment rate : Imagine the number of unemployed is 6,554 and the number of employed is 28,446. Then, 3,524 people that were considered unemployed become discouraged and stop looking for a job. What would be the change in the unemployment rate as a resul of this?
Impacted by the country financial and fiscal policies : The quality of life in specific markets sometimes is impacted by the country's financial and fiscal policies. As such, the Global Financial Stability Report is a semi-annual report published by the International Capital Markets division of the Intern..
Free market economy is efficient way to allocate resources : The free market economy is an efficient way to allocate resources. However, this is not true 100% of the time. The government serves a role to intervene when maintaining competition and a legal structure. Also, goods and services that are not compete..
Suppose the production function for good : Suppose the production function for good q is given by q = 3k + 2l where k and l are capital and labor inputs. Please answer the following questions: (1) What is the return to scale for this function? (1) What is the RTS of this function?
Perfect competition-monopolistic competition and oligopoly : Determine whether each of the following is a characteristic of perfect competition, monopolistic competition, oligopoly, and/or monopoly: a. A large number of sellers b. Product is a commodity c. Advertising by firms d. Barriers to entry e. Firms tha..

Reviews

Write a Review

Business Economics Questions & Answers

  Large open economy with a trade deficit

The United States is a large open economy with a trade deficit. Use the appropriate graphs to illustrate and then state what the equal increases in taxes and government purchases would do to each of the following in the long run: national saving, the..

  Calculate the opportunity cost of producing each good

Using a certain quantity of resources, workers in the fictitious country of Iguania can produce 4 bottles of penicillin or 12 loaves of bread. Using the same resources, workers in another fictitious country, Chamelia, can produce 6 bottles of penicil..

  Calculate the average tax rate on an income

Use the marginal income tax rates shown here to calculate the average tax rate on an income of $100,000. Taxable Income Tax rate $0–$8,700 10% $8,700–$35,350 15% $35,350–$85,650 25% $85,650–$178,650 28% $178,650–$388,350 33% Over $388,350 35% Average..

  What are the prices each store will charge for hamburgers

Assume a linear town with 100 potential costumers that are uniformly distributed on a unit mile.  What are the prices each store will charge for hamburgers? What would their profits be? (b) Intuitively, would both stores be happy with their price and..

  Interest rate compounded annually

If you borrowed $24,000 today and you have to pay them back in five equal payments over 10 years (one payment every 2 years). With 8% interest rate compounded annually, what is the amount of each payment? (C=?)

  Which of the two units would you recommend

Which of the two units would you recommend ? What initial cost of machine A would make the two machines identical in overall cost? P.S. I need work shown please to know how to complete problem

  Are strict liability standards fair as general rule

In what situations will a court impose a strict liability standard instead of a negligence standard? Provide a real-world example of a strict liability case. Is imposing this standard fair? Are strict liability standards fair as a general rule?

  Consumers valuation of the good

If a producer offers a price that is below a consumer's valuation of the good, the consumer:

  How will price discrimination affect the monopolists profit

A monopolist has two sets of consumers. The demand for one set can be described by Q1 = 5 ? p. For the other set, the demand is Q2 = 10 ? p. The monopolist faces constant marginal cost of 2. Derive the monopolist’s total demand if the two markets are..

  Laws that protect competition

Laws that protect competition have recently been

  Explain how will the economy evolve over time

suppose that the economy is currently in a recession. If policy-makers take no action, explain how will the economy evolve over time. Explain in words and using an aggregate-demand/ aggregate-supply diagram.

  Implement to improve its growth prospects

Brazil has a population of about 200 million, with about 145 million over the age of 15. Of these, an estimated 25 percent are functionally illiterate. The typical literate individual reads only about two no academic books per year, which is less tha..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd