D6 Misleading graphs

The following table presents historical unemployment and inflation data in the United States for the years 1974 through 1978. Unemployment Rate Inflation Rate Year (Percent) (Percent) 1974 5.6 11.0 1975 8.5 9.1 1976 7.7 5.8 1977 7.1 6.5 1978 6.1 7.6 Plot the data for these five years on the following graph. Note: You will not be graded on how you plot the points, but plotting the points accurately on the graph will help you examine the relationship between unemployment and inflation during this period and solve the problems that follow. INFLATION RATE (Percent) 6 5 13 12 Data Points 11 10 9 4 2 3 4 5 6 7 B 9 10 11 UNEMPLOYMENT RATE (Percent) Which of the following statements most accurately describes the relationship between inflation and unemployment in the United States during this time period? The short-run Phillips curve remained stable. The short-run Phillips curve shifted to the left after actual inflation was lower than expected. The short-run Phillips curve shifted to the right…

The following table shows selected data on unemployment and inflation in the United States between 1961 and 1965. Unemployment Rate Inflation Rate Year (Percent) (Percent) 1961 6.7 1.0 1962 5.5 1.0 1963 5.7 1.3 1964 5.2 1.3 1965 4.5 1.6 Plot the data for these five years on the following graph. Note: You will not be graded on how you plot the points, but plotting the points accurately on the graph will help you examine the relationship between unemployment and inflation during this period and solve the problems that follow. 4.5 4.0 Data Points 3.5 3.0 2.5 2.0 1.5 1.0 0.5 1 3 4 6 7 8 UNEMPLOYMENT RATE (Percent) INFLATION RATE (Percent)

The following table shows the average nominal interest rates on six-month Treasury bills (indicating the amount of interest paid by the U.S. government when it issues debt) between 1971 and 1975. The table also shows the inflation rate for the years 1971 to 1975. (All rates are rounded to the nearest tenth of a percent.)   On the following graph, use the orange points (square symbol) to plot the nominal interest rates for the years 1971 to 1975. Next, use the green points (triangle symbol) to plot the real interest rates for those years. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.   According to the table, in which year did buyers of six-month Treasury bills receive the highest real return on their investment? 1971   1972   1973   1974   1975

The table provides information about the money wage rate and the CPI in the United States for the past five years. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. In July 2022, the nominal wage rate was $ ___ per hour. >>> Answer to the nearest 2 decimal places. Screenshot attached

The graph shows the annual growth rate of the GDP of the United States economy since the first quarter of 1990.   1. Based on the phases of the business cycle, how can you represent the concept on this graph? Explain.2. Without necessarily having the numerical data, what level (high or low) of unemployment could have been registered in some of the periods presented in the graph? Explain your answer indicating why.3. Without necessarily having the numerical data, what level (high or low) of inflation could have been registered in some of the periods presented in the graph? Explain your answer indicating why.4. How do you correlate your answers in the previous questions with the phases of economic cycles and their effects in the short and long term? Explain your answer.

Complete a table showing the unemployment rate, inflation rate and economic growth rate for 2009 – 2018 Jamaica and illustrate on a line graph. Note: ONE graph should be done showing all three variables. (a) Examine the data for Jamaica from 2009 to 2018. What relationship (positive, negative, none) do you observe between (i) economic growth and unemployment, (ii) economic growth and inflation, (iii) unemployment and inflation over the period? Justify your response. Variables (i) economic growth and unemployment (ii) economic growth and inflation (iii) unemployment and inflation over the period Relationship Justification (b) Rank the three economie variables from most important to least important. Provide one relevant reason to justify your selection for each of the three positions. (I.e. a reason why each variable is placed at position 1, 2 and 3.) Rank Variable Justification 1 2 3 (c) “Many believe that the main objective of government economic policy should be to increase…

This question requires effective research to gather pertinent labor market statistics. Consider the source of your data. Official labor market statistics are gathered into “jobs reports” by the United States federal governmental agency: the Bureau of Labor Statistics or BLS. (6 points.)a. Find the following statistics on employment in January, 2022:Unemployment rate: Labor Force Participation Rate: Employed population: c. Find the changes in each statistics from January, 2021 to January, 2022:Unemployment rate: Labor Force Participation Rate: Employed population: d. Find the changes in each statistics from January, 2010 to January, 2011:Unemployment rate: Labor Force Participation Rate: Employed population: e. Briefly compare the severity of the two recoveries citing relevant statistics.

Explain how Statistics Canada measures the actual unemployment rate for Canada for a given year. Why does every economy have a natural rate of unemployment (NRU)? Can the actual unemployment rate measured by Statistics Canada be greater or lesser than the NRU? If so why?

Question 2Explain each of the four types of unemployment. Explain how Statistics Canada measures the actual unemployment rate for Canada for a given year. Why does every economy have a natural rate of unemployment (NRU)? Can the actual unemployment rate measured by Statistics Canada be greater or lesser than the NRU? If so why?

Topic: Current Events in Macroeconomics – GDP and CPI Macroeconomics is much more than just what you read in a textbook. It is what happens every day, the sum of everything that affects the well-being of all. In fact, macroeconomics affects everyone throughout the country and the world.  Choose one of the two options below and pay particular attention to any discussion relating to the macroeconomics concepts addressed in the current unit. After listening or reading, answer the following questions: What important new things did you learn? Did the topics discussed in the article or podcast relate to your personal experience in any way? If so, how? If not, how do you believe it could? How does this new knowledge relate to the concepts being explored in this unit and how they impact the entire economy? Based on what you learned, what action(s), if any, do you think the government, or society, should take? Option 1: Podcast Choose any podcast related to the macroeconomics concepts…

Please give a detailed solution with a full explanation. Please make sure that the answer is correct, double-check your work and sources.

Could you scan the diagram please. Thanks!

2. The following plot show the monthly unemployment rate and vacancy rate in the US from January 2020 through July 2021. A few of the data points are labeled by month and year. 2020 2021 75 7.0 July 2021 6.5 6.0 55 March 2021 5.0 July 2020 January 2020 4.5 40 March 2020 3.5 April 2020 3.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 Unemployment Rate Within the context of the DMP model, a change in which parameter, a, b, e, k, z, is the most likely explanation for the apparent shift in the Beveridge curve that occurred during the first few months of 2020? a. Within the context of the DMP model, a change in which parameter, a, b, e, k, z, is the mostly likely explanation for the apparent upward movement along the Beveridge curve that began in April 2020? b. Vacancy Rate

Based on the charts consulted, comment what is expected from the American economy in the next years in general terms. Are there differences in the forecasts? How do you think the state will act in the future based on the chart variables that inform us about its behavior? What will the behavior of families and companies be like?  Using these graphs provided, Answer the questions in an essay format, comparing the two.    Source: J.P. Morgan Asset Management; (Top left) Census Bureau, DOD, DOJ; (Top left and right) BLS; (Right and bottom left) BEA. GDP drivers are calculated as the average annualized growth in the 10 years ending in the fourth quarter of each decade. *The latest period reflects 1Q20 to 3Q23. Future working-age population is calculated as the total estimated number of Americans from the Census Bureau, per the November 2023 report, controlled for military enrollment, growth in institutionalized population and demographic trends. Growth in working-age population does not…

Suppose the real GDP of an economy is $400 billion dollars and its unemployment rate is 6%.If the natural rate of unemployment is estimated at 3%, what is the value of the country’s potential GDP (LAS) in billions of dollars?Value of the country’s potential GDP (LAS) is $  billion. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Fill in the missing values in the table below. Instructions: Round your answers to 1 decimal place. Nominal GDP Real GDP Price Index Year (Billions) (Billions) (Year 0 = 100) %3D 1 15,214.4 101.7 2 15,270.6 103.8 16,405.3 15,604.7 4 15,862.2 107.4 5 17,643.1 16,232.2 6. 18,286.6 110.5

The following table shows selected data on unemployment and inflation in the United States between 1977 and 1981. Unemployment Rate Inflation Rate Year (Percent) (Percent) 1977 7.1 6.5 1978 6.1 7.6 1979 5.8 11.3 1980 7.1 13.5 1981 7.6 10.3 Plot the data for these five years on the following graph.

For the January 2020 Press Release, answer the following question. a. For Columns 2, 3, 5, 6 use the following scale to score each column:  1= Falling Sharply 2= Falling Moderately 3 = Holding 4= Rising Moderately 5= Rising Sharply b. For Column 4, decide whether the unemployment rate is low, high, rising, or falling c. For Column 7, decide whether the Target Rate is greater than 2% (>2%), 2, or less than 2% (<2%).

Note:-  Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.

Please pay attention to the question: is asking approximately the interval

This table indicates the historical level of the Consumer Price Index (CPI) for the United States for 1921, 1922, and 1923. Complete the table by (1) selecting the inflation rates for 1922 and 1923, and (2) indicating for each year whether there has been inflation, deflation, or hyperinflation. Year CPI Inflation Rate Change in Price Level 1921 17.9 — — 1922 16.8           1923 17.1             What rates of inflation for 1924 would be consistent with disinflation between 1923 and 1924? Check all that apply. 1.7%   11.8%   51.8%   1.8%     What rates of inflation for 1924 would be consistent with hyperinflation? Check all that apply. 15.0%   -1.8%   100.0%   120.0%

7. The accompanying scatter diagram shows the relation- ship between the unemployment rate and the output gap in the United States from 1996 to 2019. Draw a straight line through the scatter of dots in the figure. Assume that this line represents Okun's law: Unemployment rate=b-(mx Output gap) where b is the vertical intercept and -m is the slope. C Unemployment rate 10% 8 6 2 -6 -5 -4 -3 -2 -1 0 Data from: Federal Reserve Bank of St. Louis. A B 3% 1 2 Output gap What is the unemployment rate when aggregate output equals potential output? What would the unemploy- ment rate be if the output gap were 2%? What if the output gap were -3%? What do these results tell us about the coefficient m in Okun's law?

a. Explain concisely whether the following statement is true or false: “The GDP of a country does provide an accurate indicator of the welfare of itscitizens” (850–1000 words) b. In as much detail as possible, explain the Circular Flow Diagram for a Four (4) sectoreconomy. (850–1000 words)   c. Explain three (3) costs of unemployment to society

The seasonally adjusted data below depict the performance of the economy of the United States in five quarters of 1974-1975. Annual Percent Change Nominal GDP Annual Percent Change Real GDP Year/Quarter 1974/Q1 4.1 -3.4 1974/02 10.8 1.0 1974/03 8.1 -3.7 1974/04 10.6 -1.5 1975/01 4.2 -4.8 The inflation rate in the United States was lowest in which of the following quarters? Select one: OA 1974/Q1. O B. 1974/Q2. OC. 1974/Q3. OD. 1974/Q4. OE 1975/Q1.

Complete a table showing the unemployment rate, inflation rate and economic growth rate for 2009 – 2018 for Trinidad and Tobago and illustrate on a line graph. Note: ONE graph should be done showing all three variables. (a) Examine the data for Trinidad and Tobago from 2009 to 2018. What relationship (positive, negative, none) do you observe between (i) economic growth and unemployment, (ii) economic growth and inflation, (iii) unemployment and inflation over the period? Justify your response. (b) Rank the three economic variables from most important to least important. Provide one relevant reason to justify your selection for each of the three positions. (I.e. a reason why each variable is placed at position 1, 2 and 3.)

The following graph approximates business cycles in the United States from the first quarter of 1955 to the third quarter of 1959. The vertical blue bar coincides with periods of 6 or more months of declining real gross domestic product (real GDP).   Notice that real GDP trends upward over time but experiences ups and downs in the short run. A period of declining real GDP, such as the blue-shaded period in 1957, is known as         .   True or False: Small ups and downs in real GDP follow a consistent, predictable pattern.   True   False     Which of the following probably occurred as the U.S. economy experienced declining real GDP in 1957?  Check all that apply.   Industrial production increased.   Home sales increased.   Consumer spending declined.   Retail sales declined.

Complete a table showing the unemployment rate, inflation rate and economic growth rate for 2009 – 2018 for Barbados. (a) Examine the data for Bahama from 2009 to 2018. What relationship (positive, negative, none) do you observe between (i) economic growth and unemployment, (ii) economic growth and inflation, (iii) unemployment and inflation over the period? Justify your response. Variables Relationship Justification (i) economic growth and unemployment       (ii) economic growth and inflation       (iii) unemployment and inflation over the period       (b) Rank the three economic variables from most important to least important.  Provide one relevant reason to justify your selection for each of the three positions.  (I.e. a reason why each variable is placed at position 1, 2 and 3.) Rank Variable Justification 1     2     3     (c) “Many believe that the main objective of government economic policy should be to…

Q2. Go to the Statistics Canada website https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000501 to view the annual average Consumer Price Index for Canada. Change the Reference period years from 1999 to 2021 and click Apply to see the updated data table. Answer the following questions and provide data and calculations where necessary         In which ways might the CPI data on food not accurately reflect what is really happening to prices in this product category?

Question 2 1 pts You have the following relationship between unemployment and GDP: u = 7.6 - 0.75(Y - 1000). If Y is 995$, how much is the natural rate of unemployment? What your answer as a percentage, round at one (1) decimal, but do not write the percentage sign.

Real-Time Data Analysis Exercise The following table shows the values for real potential GDP and real GDP for the past five years. *Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Given this information, calculate the output gap for each year by calculating the percentage difference between real GDP and potential GDP. (Enter your responses as percents rounded to two decimal places. Include a minus sign if necessary.) Year 2018 2019 2020 2021 2022 Real Potential GDP ($ billions) 18,788 19,163 19,524 19,865 20,224 Real GDP ($ billions) 18,609 19,036 18,509 19,610 20,015 Output Gap (%)

The country of Economica's GDP deflator and nominal GDP in three different years are shown in the table. Year Nominal GDP GDP Deflator year 1 $25128 122 year 2 $54566 108 year 3 $30967 100 The base year, i.e. the base period, is Year 3. For years 1-3, please obtain the real GDP. Round your answers to the nearest dollar. What is the real GDP for year 1? real GDP: $ What is the real GDP for year 2? real GDP: $ What is the real GDP for year 3? real GDP: $