EconomicQ7 onlys 7. Assuming the total population is 100 million, the civilian labor force is 60 million, and 54million workers are employed, the unemployment rate is:A. 3 percent.B. 6 percent.C. 7 percent.D. 10 percent.8. Suppose there are 5 million unemployed workers seeking jobs. After a period of time, 1million of them become discouraged over their job prospects and cease to look for work. As aresult of this, all else equal, the official unemployment rate would:A. decline.B. increase.C. increase in the short run but eventually decline.D. be unchanged.9. Suppose there are 10 million part-time workers and 90 million full-time workers in anFive million of the part-time workers switch to full-time work. As a result:economy.A. the official unemployment rate will fall.B. the official unemployment rate will rise.C. the official unemployment rate will remain unchanged.D. the size of the labor force will increase.10. If the marginal propensity to consume is .9, then the marginal propensity to save must be:A. 1.B. .1.C. 1.1.D..9.

Q7) Given Total population = 100 million. Civillian labour force = 60 million. 54 million are…

7. Assuming the total population is 100 million, the civilian labor force is 60 million, and 54 million workers are employed, the unemployment rate is: A. 3 percent. B. 6 percent. C. 7 percent. D. 10 percent.

7. Assuming the total population is 100 million, the civilian labor force is 60 million, and 54 million workers are employed, the unemployment rate is: A. 3 percent. B. 6 percent. C. 7 percent. D. 10 percent.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000,…

A: Based on a nation's total income levels, the definition of poverty might vary; often, it is…

Q: What is Lerner index? How is it calculated? What does it calculated outcome tell us?

A: In economics, a Lerner index is a tool that helps to measure the market power of a firm. This was…

Q: In 2020 the Fancy Footwork Shoe Company delivered $1,000 worth of fancy shoes to a retail outlet.…

A: An investment refers to an asset or item accrued with the goal of generating income or recognition.…

Q: (2) Percentage Of (3) Percentage Of (1) All Households All Households Personal Income In This In…

A: In column 3 there is a case of cumulative addition i.e successive addition.

Q: Year/Age (%) 1981 1989 1996 2007 2008 2009 2010 Children < 18 years 12.6 11.9 18.4 9.5 9.0 9.4 8.2…

A: According to the world bank organization, Poverty refers to hunger. Poverty refers to a lack of…

Q: None

A: We are given the following table: Here , prices are shown for a number of items over different…

Q: 45 people were surveyed at the Sunway Pyramid Mall to investigate coffee preferences. The results of…

A: Introduction Here total 45 peoples were given. Children Adult Senior Latte 3 9…

Q: A measure that is high in validity a) measures what it is intended to measure. D) demonstrates a…

A: Answer: a (measures what it is intended to measure) Explanation: A test has high validity if it…

Q: QUESTION 15 Suppose that if the null that alpha and beta both equal one is true a test statistic you…

A: In the F-table with 5% significance level, attached below: Numerator Degree of Freedom=3 Denominator…

Q: Solve only if all subparts

A: An extensive game is a concept in game theory that represents a strategic interaction between…

Q: Assume that MPL=540 and MRTS = -70, what is MPK?

A: MPL is the marginal product of labor. MPL is the change in output with the additional unit of…

Q: No chatgpt used i will give 5 upvotes typing please

A: Given:mean square within MSW=36.87 To find the within-group sum of squares SSW, we need to compute…

Q: PLS HELP ASAP ON BOTH

A: 2. The correct answer is c) Measure the throat and multiply by 1.414 to obtain the equivalent leg…

Q: a) Figure 1 reports a scatter plot of hhinc (horizontal axis) and size (vertical axis). Do you see…

A: Introduction: There are other categories of profit margins, but this definition concentrates on net…

Q: Q3] F 100.00% 80.00% · 60.00% E 40.00% 20.00% A 0.00% 0% 20% 40% 60% 80% 100% Percent of households…

A: Lorenz curve is graphical measure of inequality. On X - axis cumulative percentage of household is…

Q: RIBU Council currently com e (9) members, all of whom are elected in en (7) members all of whom are…

A: The RIBO (Registered Insurance Brokers of Ontario) Council membership is the topic at hand. It…

Q: 0 100 Frequency 150 200 250 300 350 50 50 The plot below shows in the first panel the distribution…

A: The question is asking us to interpret two plots that show the distribution of ages across…

Q: a. UWT.GPA = 1.29 + 453ScoSciGPA + 0.094ArtsGPA, n = 141, R² = .176 UWIGPA - University of the West…

A: R2, or the coefficient of determination, measures the proportion of the variance in the dependent…

Q: In a country, there are two production sectors: agriculture and industry. All workers work in cither…

A: Introduction It is a measure of income inequality from 0-1. At 0, it has show perfect equality. It…

Q: Question Each term (3 months) the current group of economics students completed a questionnaire as…

Q: interpret the data in the graph

A: The above graph shows the transactions amount of customers and income of bank customers.

Q: Asline Computers manufactures personal computers at two plants, one in Texas and the other in Hawal,…

A: Definition: Probability implies risk. it's a vicinity of science that arrangements with the event of…

Q: A male oriented jeans manufacturer is interested in designing and marketing jeans exclusively…

A: A market is a place where the exchange of goods and services takes place between the buyers and…

Q: What is calculation of Herfindahl-Hirschman Index

Q: Use the item weights in the figure to determine the percentage change in the CPI that would result…

A: The cost difference between purchasing a bundle of goods and the base year is measured by the…

Q: FINANCIAL LITERACY 5. Say the following are deductions on a typical income, i. Pension deductions…

A: An income tax is a direct tax whose burden cannot be shifted to others. The person, it is imposed on…

Q: Question: The willingness to buy a good or service and the ability to pay for it is called

A: Economics matters is a sociology that is basically worried about the legitimate portion of scant…

Q: Population proportion in USA, CANADA, and CHINA over time CANADA CHIA

A: Demographic dividend is the change in the growth of a country's economy based on the age structure…

Q: How does your trade area compare to the Toronto average for those with a post secondary education…

A: In the ranking variable in Canada it is the trading area that has grown in the demand of the adults…

Q: Has the researcher tested for representativeness: comparing the sex distribution ofthe population…

A: A representative sample is a subset of a population that attempts to correctly reflect the larger…

Q: When is a mortgage clause used in connection with insurance on a property? The insured lends money…

A: Insurance is also called a contract, shown by a policy, in which a policyholder receives financial…

Q: In a table, report proportion of the students based on mobile phone brands in your sample. Apple…

A: Below is the given table:

Q: Using the above Lorenz Curve, if Economy A decreased the progressivity of income taxes, then Economy…

A: Lorenz curve is a graphical representation of income inequality. If the country's Lorenz curve is…

Q: Q3: Without doing additional calculations, explain what would happen to the shape of the Lorenz…

A: Given that:- Lorenz curve( Grey colored) of 2012 If:- First 15 % people are given cash assistance by…

Q: II. Performance Appraisal Using the Paired-Comparison for the following employees. method of…

A: The goal of the employee comparison pairs created in the paired comparison technique of performance…

Q: 5 Look at the following ratios: • 90/10 ratio = the ratio of Decile 10 income to Decile 1 income •…

A: The decile dispersion proportion compares the average earnings/income of the x% (wealthy population…

Q: What are the differences between national income, personal income, and disposable personal income?…

A: Aggregate expenditure describes the total amount of spending in the economy through consumption,…

Q: Each term (3 months) the current group of economics students completed a questionnaire as to how…

A: The marginal propensity to consume illustrates how much a consumer is willing to spend out of all…

Q: How should be the following given be treated while estimating national income

A: # National income calculates the total value of all the goods and services which are final and are…

Q: gender female income low high Total 5 39 44 11.36 88.64 100.00 45.45 49.37 48.89 5.56 43.33 48.89…

A: *Answer:

Question

EconomicQ7 onlys

7. Assuming the total population is 100 million, the civilian labor force is 60 million, and 54
million workers are employed, the unemployment rate is:
A. 3 percent.
B. 6 percent.
C. 7 percent.
D. 10 percent.
8. Suppose there are 5 million unemployed workers seeking jobs. After a period of time, 1
million of them become discouraged over their job prospects and cease to look for work. As a
result of this, all else equal, the official unemployment rate would:
A. decline.
B. increase.
C. increase in the short run but eventually decline.
D. be unchanged.
9. Suppose there are 10 million part-time workers and 90 million full-time workers in an
Five million of the part-time workers switch to full-time work. As a result:
economy.
A. the official unemployment rate will fall.
B. the official unemployment rate will rise.
C. the official unemployment rate will remain unchanged.
D. the size of the labor force will increase.
10. If the marginal propensity to consume is .9, then the marginal propensity to save must be:
A. 1.
B. .1.
C. 1.1.
D..9.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

The decision rule is to : * 2 points a. Reject HO if Z-statistic is greater than Z-critical . b. Reject HO if Z-statistic is less than Z-critical. c. Fail to reject H0 if Z-statistics is greater than Z-critical. O d. None of the above.
Gg.220.
6. Imagine that I wanted to test the proposition that people think older politicians are more trustworthy. I recruited an internet sample of 90 people. Each person was asked to read a short article about a hypothetical political candidate. Random assignment determined whether the subjects were told that candidate was 65 or whether they were told that candidate was 35. After reading the article, all subjects used a 10-point scale to rate the candidate on competence, trustworthiness, and likability. I take the mean values of trustworthiness in each group, perform a difference of means test, and find a test statistic of 1.04. Should I reject the null at the 99% confidence level? Why or why not? What does that mean?
What is differance between three sector ecnomoy and four sector ecnomoy
Explain, what, why, how retail sales is used to gauge Econ health
3. The variable rdintens is the expenditure on research and development (R&D) as a percentage of sales. Salary is measured in millions of dollars. The variable profmarg is profit as a percentage of sales. Let's suppose the equation below is estimated. Which statement is true? rdintens = 472 + .321log(sales) + .050profmarg (1.369) (216) (.046) o profmarg has a statistically significant effect on rdintens at 5% level o profmarg has a statistically significant effect on rdintens at 10% level o profmarg has a statistically insignificant effect on rdintens o profmarg has a statistically significant effect on rdintens at 1% level
A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Complete the table. Income Quintile Share of Income $15,000 Bottom $20,000 $30,000 2nd $30,000 $35,000 3rd $40,000 $45,000 4th $50,000 $55,000 Top $80,000 If $4000 is taxed from the top earner and transferred to the lowest earner, would that increase or decrease the share of income held by the top quintile? Would this transfer increase or decrease the share of income held by the bottom quintile? Would this have any effect on the 2nd quintile? The 3rd? The 4th? Would this transfer increase, decrease, or have no effect on income inequality in this group? Redistributing income from the highest earner to the lowest one would reduce the utility of the top earner and increase the utility of the lowest earner. But what would happen to the overall utility of the…
Results Real Estate had 6 home sales during the week: $150,000, $140,000, $240,000, $158,000, $3,200,000, and $150,000. What is the median?
QUESTION 7 Which is NOT true about the coefficient of determination? As you add more variables, the R-square generally rises. As you add more variables, the adjusted R-square can fall. If the R-square is above 50%, the regression is considered significant. The R-square gives the percent of the variation in the dependent variable that is explained by the independent variables. The higher is the R-square, the better is the fit.
Exercise Annika spends all of her income on golf and pancakes. Greens fees at a local golf course are $10 per round. Pancake mix is $2 per box. When Annika's income is $100 per week, she buys 5 boxes of pancake mix and 9 rounds of golf. When Annika's income rises to $120 per week, she buys 10 boxes of pancake mix and 10 rounds of golf. Based on these figures, determine whether each of the following statements is true or false, and briefly explain your reasoning 1. Golf is a normal good, and pancake mix is an inferior good 2. Golf is a luxury good 3. Pancakes are a luxury good
at job group(Occupation) was the smallest among immigrants? Why do you think so few people from that group came to the United States?2.) What job group was the largest? Why do you think so many people from that group came to the United States?
12