ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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- Bell-land's unemployment rate is 7.2%. The ruler of Bell-land ( a wonderful, wise middle-aged woman in a wheelchair) asks you whether this is a good rate and if it is an improvement? What is your answer? What are the issues that you need to think about before giving your answer? Explain your answer using the concepts learned in the module. Bell-land is not the same as the U.S.arrow_forwardGive typing answer with explanation and conclusionarrow_forwardwhat is the effect of an increase in unemployment benefits on the equilibrium levels of real wage and unemployment.arrow_forward
- Canada has an employment insurance program (El) that provides income for those out of work. In this framework unemployment is a) still a problem because the employment insurance program provides only eligible unemployed persons with a small amount of funds that may not even be enough to cover their basic needs. Moreover the unemployed workers are sitting idle, not producing goods and services for consumption. b)not a problem because the employment insurance program is available to all workers in all occupations and provides sufficent funds to cover all of the worker's needs until they find another job. Moreoever there are enough goods and services available for consumption even if some workers sit idle. c)not a problem because the employment insurance program covers more than 70% of Canadian workers and this provides enough of the unemployed enough funds to cover their basic needs until they find another job. d)still a problem because the employment insurance program is not available…arrow_forwardWhat is likely to be the impact of efforts towards reducing unemployment on the production potential of the economy!arrow_forwardIn January 2019 , the labor force was 163.2 million, employment was 156.9 million, and the working-age population was 258.2 million. Calculate the labor force participation rate in January 2019 . The labor force participation rate was enter your response here percent. >>> Answer to 1 decimal place.arrow_forward
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