The figure belaw shows data points for real GDP growth and the change in the unemployment rate for 24 different years in Brazil. Brazil (1990–2013) 6. y=-0.1183x + 0.4161 R 0.2247 2009 -2 -6 -1 0 4 6. Real GDP growth (%) Based on the figure, which of the following statements is true? O The unemployment rate increased in all the years that real GDP growth wan negative. O Okun's Law appears to be true In Brazil. The largest decrecase in the unemployment rate way during 2009 The equation for the line of best ht predicts that unemployment won't change when real GDP growthH ON Change in unemployment rate (%)

The figure belaw shows data points for real GDP growth and the change in the unemployment rate for 24 different years in Brazil. Brazil (1990–2013) 6. y=-0.1183x + 0.4161 R 0.2247 2009 -2 -6 -1 0 4 6. Real GDP growth (%) Based on the figure, which of the following statements is true? O The unemployment rate increased in all the years that real GDP growth wan negative. O Okun's Law appears to be true In Brazil. The largest decrecase in the unemployment rate way during 2009 The equation for the line of best ht predicts that unemployment won't change when real GDP growthH ON Change in unemployment rate (%)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Total Population Civilian Population Employed Unemployed 300,000 250,000 127,500 22,500 The above table shows some labor market data for a country. Potential GDP in this country is Yp = 100,000, natural rate of unemployment is 5 percent. Okun's alpha has been estimated to be a = 2. What is the real GDP in this country? O 80000.00 O 85000.00 O 90000.00 110,000.00 O 120,000.00
If nominal wage growth is greater than the sum of change in labor productivity less inflation, does this mean the wage share is growing, rising, or staying the same? Thus, what does this mean for the profit share?
No hand written solution This table shows the 2013 data for males and females aged 15 and over in the country of Bolivar. Not in the Labour Force Unemployed Employed Male Female Male Female Male Female 45 million 35 million 5 million 5 million 85 million 65 million Refer to the Table 9-1. What is the adult population in Bolivar? a. 90 million b. 150 million c. 160 million d. 240 million
5 Question This question is supposed to familiarize you with the calculation of growth over multiple periods. In the lectures you learned that the growth rate of a variable from one period to the next is given by Yt - Yt-1 9y= Yt-1 where g, denotes the growth rate, y, the value of the variable y in period t, and yt-1 the value of the same variable in period t- 1. Very often we are dealing with growth over many periods, say 50 years, in which case the above formula is not helpful. In that case we use the following formula: Yt = Yo (1+9y), where yo is the value of the variable at the beginning of the period, y, is the value of the variable after t periods, and g, is the (constant) growth rate. Depending on what information is given, you can solve the formula for either yt, Yo, gy, or for t. Now turn to the actual problem: The poorest countries in the world currently have an annual per capita income of about $600. We can reasonably assume that it is nearly impossible to live on an income…
Assume an economy has a population of working age of 83 million and unemployment rate is 4%. Further, the average productivity of labour is 80,000 and the average mark-up in the economy (µ) is 5%. The wage-setting curve for this economy is given by real wage = 55,000 + 25, 000X, with X representing the employment rate. The labour market is in equilibrium. (a) Calculate the equilibrium real wage of the economy. (b) Calculate the employment rate of the economy. Calculate the number of employed workers in the economy. (d) s) Calculate the participation rate of the economy.
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3) Consider the table below containing data for Germany and Japan on the ratio of employment to population in 1980 and 2010. 1980 2010 Germany Japan 0.33 0.52 0.48 0.49 Using data on real GDP per person from table below, find average labor productivity for each country in 1980 and 2010. How much of the increase in output per person in each country over the 1980 to 2010 period is due to increased labor productivity? To increased employment relative to population? Country 1870 1913 1950 1980 1990 2010 Annual % Annual % change change 1870-2010 1950-2010 Annual % change 1980-2010 Japan China 530 Brazil 713 811 India 533 673 Ghana 439 781 United States 2,445 5,301 9,561 18,577 23,201 30,491 United Kingdom 3,190 4,921 6,939 12,931 16,430 23,777 Germany 1,839 3,648 3,881 14,114 15,929 20,661 18,789 21,935 1,061 1,871 8,032 5,195 4,920 6,879 938 1,309 1,157 1,062 1.8 2.0 1.7 1.4 2.1 2.1 1.7 2.8 1.3 737 1,387 1,921 13,428 552 448 2.5 4.1 1.6 2.0 4.9 7.0 1,672 1.6 2.4 0.9 619 3,372 1.3 2.9 4.4…
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