(R millions) employment employment (Thousands) population (Thousands) (Thousands) (Thousands) 1 120 1 462 480 2 480 3 200 2 139 1536 520 2 600 3 440 The employment coefficient for period 2 is (one decimal point) Answer: The question is based on the following data: Period Real GDP Formal Informal (R millions) employment employment Labour force (Thousands) (Thousands) (Thousands) 1 120 1 462 480 2 480 2 140 1818 574 2 600 The labour absorption rate for period 2 is (one decimal place) Answer: I Working age population (Thousands) 3 200 3448

The table below is extracted from Goodland Republic Bureau of Statistics records for 2016 -2017. Use the information to answer the questions that follow. Goodland Economy 2017 and 2018 Items Production Price per/unit ($) Production Price per/unit ($) Rice (tons) 50,000 1.5 55,000 2 Wheat (tons) 1,00,000 2 98,000 2.5 Tractors 50,000 23,000 45,000 24,500.00 mid-size (units) Cotton (tons) 1,20,000 100 1,10,000 120 Used cars (units) 5,000 5,000 6,000 7,000 Manufacturing Garments (tons) 1,50,000 50 1,45,000 70 Eggs (trays) 2,000 2.5 2,300 3.5 Coca Cola (litres) 6,000 0.8 6,500 1.2 Pepsi Cola (litres) 700 1.1 850 1.5 Beef (tons) 5,000 6.5 4,800 8.5 Second hand clothes (tons) 500 15 450 25 Alcoholic Beverages (litres) 500 3.25 600 3.75 Milk (litres) 7000 2.3 7,500 2.5 Examine the status of the economic welfare in Goodland Republic in 2018 based on your GDP deflator, nominal GDP and Real GDP. Also, explain the reasons why it is necessary to calculate real GDP.…

Question 3 The table below gives some labor statistics (from the Bureau of Labor Statistics) for years 1995, 2000 and 2005. Use these data to answer the following questions. Express your answers in percentage terms to two places past the decimal. Variable 1995 2000 2005 Population 26,000,000 27,000,000 28,000,000 Adult population 18,000,000 19,000,000 20,500,000 Adult population able to work 17,900,000 18,800,000 20,000,000 Adult population able and wanting to work 15,700,000 16,500,000 18,000,000 Number employed 14,000,000 14,500,000 15,000,000 Number unemployed 1,000,000 1,500,000 2,500,000 a. Define labor force. For each year find the labor force b. Define the labor-force participation rate. Calculate it for each year c. Calculate the unemployment rate for each year.

Workers Bracelets MPLMPL 0 0 --- 1 7 7 2 * 28 3 53 18 4 * 6 5 * 0 Betsy's Bangles produces and sells woven bracelets. The table shows information about the number of workers employed, daily bracelet production, and the marginal product of labor (MPL)(MPL) . Use this to answer the questions. You must calculate the bracelet values that are absent to answer the question. How many bracelets can be produced by 5 workers? bracelets from 5 workers:   braceletsbracelets Between which levels of bracelet production does Betsy's firm experience increasing marginal returns and diminishing marginal returns?   a. There is insufficient information to answer the question. b. Marginal returns increase from 0 to 7 bracelets then diminish from 35 to 59 bracelets. c. Marginal returns increase from 35 to 59 bracelets then diminish from 59 to 59 bracelets. d. Marginal returns increase from 0 to 35 bracelets, then diminish from 53 to 59 bracelets.

national statistics office in announces that in April 2020, of all adult citizens in the country, 139455,000 were employed, 15260,000 were unemployed and 82814000 were not in labor force. Use this information and calculate the followings:  The adult population The labor force The labor force participation rate The unemployment

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The year 2015 Base Year Price Index = (120)   Base Year Output = (4 million)   The year 2016 Current  Year Price Index = (140) Current  Year Output = (5 million) ii. Calculate MPS for the following data:  Y1=2000​​​S1=300 Y2=4000 ​​​S2=800

The Wall Street Journal’s website, www.wsj.com, reported the number of cars and light-duty trucks sold through October of 2014 and October of 2015. The top sixteen manufacturers are listed here. The sales information for all manufacturers can be accessed in a data file below.  Sales data are often reported in this way to compare current sales to last year’s sales.     Year-to-Date Sales   Manufacturer Through October 2015   Through October 2014   General Motors Corp. 2,562,840   2,434,707   Ford Motor Company 2,178,587   2,065,612   Toyota Motor Sales USA Inc. 2,071,446   1,975,368   Chrysler 1,814,268   1,687,313   American Honda Motor Co Inc. 1,320,217   1,281,777   Nissan North America Inc. 1,238,535   1,166,389   Hyundai Motor America 638,195   607,539   Kia Motors America Inc. 526,024   489,711   Subaru of America Inc. 480,331   418,497   Volkswagen of America Inc. 294,602   301,187   Mercedes-Benz 301,915   281,728   BMW of North America Inc.…

The year 2015 Base Year Price Index = (120)   Base Year Output = (4 million)   The year 2016 Current  Year Price Index = (140) Current  Year Output = (5 million) iii. Calculate MPC for the following data:  Y1=2500​​​C1=1500 Y2=5000 ​​​C2=2500

Consider the following data:Number of Customers a Restaurant Serves per Year Year 20002000 20012001 20022002 20032003 20042004 20052005 20062006 20072007 20082008 Customers 16,56516,565 17,13517,135 15,25815,258 14,36914,369 15,92915,929 16,76116,761 16,90216,902 18,65918,659 16,64616,646   Step 1 of 2 :   Find the two-period weighted moving average for the year 20072007 with weights of 33 (one time period in past) and 11 (two time periods in past). If necessary, round your answer to one decimal place.