What would be the labor force participation rate if: a. The population = 200 million, the labor force = 160 million, and employment = 140 million? b. The population = 200 million, the labor force = 140 million, and employment = 120 million? c. Starting from the situation in (a), what would happen to the labor force participation rate if 30 million people lost their jobs and all of them exited the labor force?
Q: Suppose you are considering whether to purchase a house off of Lake Erie for $400,000. You expect…
A: Net income refers to the remaining amount of money after subtracting all expenses from the total…
Q: Macmillan Learning Suppose Westeros produces output according to the production function: Y = √K The…
A: Steady state condition: Under the Solow model, the steady state refers to the long run equilibrium…
Q: Figure 2-6 c) C, F, G 4s d) D 25 * 15 Refer to Figure 2-6. Inefficient production is represented by…
A: The production possibility frontier (PPF) takes into consideration the concepts of choice, scarcity,…
Q: An asset for drilling was purchased and placed in service by a petroleum production company. Its…
A: DISCLAIMER; “Since you have asked multiple question, we will solve the first three question for you.…
Q: Successful Public Private Partnerships (PPP's) can deliver high-quality services at lower cost than…
A: A public-private partnership (PPP) is a legal arrangement between an organization from the public…
Q: Price level Reference: Figure 11-2 O output is too high. LAS 1700 2000 Real output Refer to the…
A: A recessionary gap, also known as an output gap, refers to the difference between the actual output…
Q: Given the following table: OUTPUT 0 123456 Part 1: The TVC of producing 4 units of output is Number…
A: Total cost is the sum of fixed cost and variable cost. Fixed cost are the cost that doesn't change…
Q: 4. Economies of scope refer to: A) changes in technology. B) the very long run. C) multiproduct…
A: Economies of scope refer to the economic benefits that a company can achieve by producing a variety…
Q: The Poster Bed Company believes that its industry can best be classified as monopolistically…
A: Production costs or product costs are expenses a company incurs when producing a good or offering a…
Q: Suppose the demand and the supply for lumber (harvested wood processed in a sawmill) used for…
A: A subsidy is a financial aid or assistance given by the government to individuals or organizations…
Q: A firm borrows $2000 for 6 yr at 8%, to be repaid in a lump sum at the end of 6 yr. At the end of 6…
A: The term present worth (PW) formula implies the application of the time value of money that…
Q: State and explain the assumptions that govern perfectly competitive markets
A: A perfectly competitive market is a market which has large number of buyer and sellers dealing in…
Q: Money velocity in the country of Ecoland is always stable. In 2019 (the base year), the money supply…
A: Quantity theory of money shows the relationship between the money supply , velocity of money, price…
Q: The most common use of the CPI is as an economic Indicator to forecast Inflation and evaluate the…
A: To get the value of CPI in January 2007, we have to put t=1, as t=1,2,3....77 not t=0,1,2...76. In…
Q: GDP is $2470 billion and the velocity of money is 13, how much is the the money supply, or MI?…
A: Information given is:- GDP = $2470 billion Velocity of money = 13 We need to calculate money supply
Q: The table below shows some of the costs incurred at Bill's Brickworks. Complete the table. If your…
A: Introduction Production cost is the overall expense a company makes to either create a good or…
Q: 1)What is the IRR for a $1000 investment that returns $200 at the end of 100 years?
A: Since you have posted multiple questions, we will provide the solution only to the first question as…
Q: Income tax is a type of ________ tax. Regressive Progressive
A: A tax called an income tax is imposed on a person's income, which includes earnings, salaries,…
Q: Instructions: Enter your answer as a whole number. If you are entering a negative number include a…
A: Marginal propensity to consume (MPC) refers to the proportion of aggregate raise spent for the…
Q: Which of the following is some evidence we discussed in lecture that trade affects firms of…
A: Introduction: The "China shock" refers to the period from the early 2000s onwards when China emerged…
Q: 1. A careful empirical study estimates that the (inverse) demand curve for fire protection services…
A: a. The demand curve is given by P=20-(Q/2). We can plot this equation on a graph by setting P on the…
Q: The price of crude oil increased to its highest level due to conditions which impacted supply.…
A: Factors affecting demand and supply are the various factors that influence the quantity of a good or…
Q: Labor (Number of workers) 01 02 0 3 0 1 2 04 3 Refer to Table 18-2. The table shows the number of…
A: The firm maximizes profit by hiring the number of workers at the point where marginal product of…
Q: Explain the difference between a utility function and correspondence
A: A utility function in economics is a mathematical equation that explains how a person or a group of…
Q: Consider the case of a monopolist who charges the same price to all consumers. The demand for the…
A: In a monopoly market structure, There exists a single seller. The monopolist produces where MR =…
Q: A monopoly sells its good in the United States, where the elasticity of demand is -1.9, and in…
A: Monopolist: A monopolist is a single seller in the market and hence he faces the downward sloping…
Q: The Mankiw-Romer-Weil (1992) model. Assume the production function is given by KaH³(AL) ¹-a-B where…
A: Production functionY=KαHβ(AL)1-α-β α and β are constant between 0 &1Physical capital…
Q: The data of for 1960 shows that the real GDP per capita was $6.354 for Japan, $12,282 for Germany,…
A: If the growth rate is represented by g and the initial value of the certain variable is X0 , then…
Q: All 100 consumers are alike and each has a demand curve for a monopolist's product of q= 5-0.5p. The…
A: A monopolist charging a two part tariff for its goods or services provided charges a price per unit…
Q: Distinguish between the Marginal Rate of Technical Substitution and Elasticity of Substitution in…
A: The marginal rate of technical substitution refers to the change in quantity of capital due to 1…
Q: Consider the IS-LM model. Suppose the economy of Economica is initially at the general equilibrium.…
A: Note: Dear learner you have asked a question with multiple sub parts, as per our policy we have…
Q: A severe flood has damaged this year's tomato crops. The initial effect on the tomato market is a…
A: Equilibrium is the level where quantity demanded is equal to quantity demanded . At this , market…
Q: Assume that the economy is initially operating at the natural level of output. Graphically…
A: IS-LM Model: Economist like, Hicks and Hansen have explained the integration of the real and money…
Q: 1. Problems and Applications Q1 Suppose the economy is in a long-run equilibrium, as shown in the…
A: Aggregate demand is a sum of consumption spending, investment spending, government purchases and net…
Q: Last week, neither Alistair nor Bodana purchased blueberries (x). Both consumers had $30 to spend on…
A: a) Alistair's budget constraint is given by 3x + 3y = 30, which simplifies to x + y = 10. Bodana's…
Q: Suppose the demand and the supply for lumber (harvested wood processed in a sawmill) used for…
A: Given information Domestic demand function QD =100 – 2PDomestic supply function QS = 1/2P World…
Q: True Or False Q2: Potential GDP can be increased with monetary policies of changing interest…
A: Monetary policies are adopted by central bank to control the availability of money and employ…
Q: At the end of the fourth quarter of 2022 (December 2022) was the United States economy operating in…
A: Both the Say's law which says that supply or production creates its own demand, and Keynes'…
Q: In this section, we'll think more about where the finding rate comes from. Vt are the number of…
A: Given data Matching function m(u,v)=0.5*U0.5V0.5 u---number of unemployed v--- job vacancies…
Q: 25. The demand curve and supply curve for one-year discount bonds with a face value of $1,000 are…
A: The demand curve is a graph that shows how the price of a commodity or service changes over time in…
Q: Suppose the economy's entire money supply equals checkable deposits in the amount of $900,000 held…
A: The banking industry plays a crucial role to the modern economy. Banks receive consumer money and…
Q: The short end of the yield curve (interest rates for maturities one year and less) is interpreted by…
A: The yield curve is a graphical representation of the relationship between bond yields and…
Q: Figure 21-4 Quantity of Y 60 20 3/4 3/1 1/4 1/3 Quantity of X Quantity of Y 15 Quantity of X Refer…
A: Relative price is the price of one good in terms another good. The relative price of good y in…
Q: PRICE 63 36 24 15 240 QUANTITY 420 Supply Social Value Demand Refer to Figure 10-5. The socially…
A: The socially optimal quantity refers to the level of production or consumption of a good or service…
Q: Maha borrowed SR 200,000 to purchase a new car. What is the annual interest rate if the loan is to…
A: Maha borrowed SR 200,000 so the Principal amount (P) =200,000 Annual payments A = 50,000 Total…
Q: Assume that in a country, the total labour force is 150,000 workers, and the total numbers of…
A: Here, The total labor force is 150,000 workers. The total number of workers employed is 145,500
Q: 4. A loan of P8,000 has an interest of 10% compounded annually is to be paid by equal annual…
A: Future Value: The future value is the magnitude which is the accumulation of the annual interest…
Q: Is this an economy where the CB sets the money supply (exogenous) or sets the interest rates…
A: As per the given information, LM function is a representation of a graphical presentation of the…
Q: 1. Draw a diagram showing the demand (MPB) and supply (MPC) for masks in the United States. Be sure…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 1. Explain and show graphically how monetary and fiscal policies can be used in the IS-LM framework.…
A: In the IS-LM framework, monetary policy refers to actions taken by the central bank to influence the…
Step by step
Solved in 5 steps
- please explain if labour force falling causes a participation rate to decrease?Only typed answer over the last 50 years, in the united states the labor force participation rate for women ________, the labor force participation rate for men ________, and the over−all labor force participation rate ________. a.decreased; increased; increas b.increased; did not change; increas c.did not change; increased; increas d.increased; decreased; increas e.increased; decreased; did not change edededednot changeDiscuss Gender Gaps in Labour Force Participation and Economy briefly with suitable examples.
- Question 1 Identify which of the following people are categorised as part of the labour force. #1 Christopher is a freelance writer working on multiple projects. # 2 Peter is a high school student who helps out at his mother's restaurant. # 3 Anna serves in the military force for her country. #4 Susan is a stay at home parent who sometimes helps her neighbours with lawn mowing. However, she does not want to find a full-time job. Next > MacBook Air O00 000 F420,000,000 And The Mid-Year... 3. In Country X, the mid-year population at time 1 was 20,000,000 and the mid-year population at time 2 was 28, 000, 0000. During the same time period there were 800,000 deaths, and 1.5 million births. a. What is the net migration for Country X during the time interval?Next C Which statement correctly describes the U.S. labor force participation rate? The U.S. labor force participation rate O A. increased from 59 percent in 1960 to 67 percent in 1999 B. for women is higher than the female labor force participation rates in Canada and the United Kingdom O C. has a downward trend that is mainly accounted for by the decreasing participation of women in the labor market D. is calculated as the percentage of the working-age population who are employed 888
- To calculate full employment, which citizens are taken into consideration? Choose the best answer. O all citizens legally able to work O all citizens who are able to work all citizens O all citizens willing and able to workThe table gives information about a nation's labor force. What is the labor force participation rate? The labor force participation rate is _____ percent. Labor Market Data Not in labor force 70.0 million Labor force 142.6 million Employed 136.9 millionHow might the introduction of a universal basic income (UBI) affect labor market participation rates in an advanced economy? A. It would have no effect on labor market participation rates. B. It would increase labor market participation rates by providing people with more flexibility to seek jobs that match their skills. C. It would decrease labor market participation rates as people might choose not to work if their basic needs are met. D. It would only affect part-time labor market participation rates, not full-time.
- With the information provided, determine the unemployment rate for cach of these hypothetical economies. a. Labour force = 22 million; number of people unemployed = 2.5 million; population = 46 million b. Number of people employed = 16 million; labour force = 18 million c. Number of people unemployed = 600,000; number of people employed = 2.24 million d. Labour force = 9.9 million; number of people unemployed = 600,000; population = 12.7 million a. The unemployment rate is percent. (Round your response to one decimal place.)In a country called Uncle Sam Land (USL), the labor demand curve is given by:W = K- 4LWhere W is the wage rate, K is a variabledetermined by accumulated capital stock in thecountry, and L is the labor force in the country.K= 50 is supplied by the capitalists.If the labor force in this country goes up from 10 to 11, what happens to the national income in USL?National Income = income of all workers + income of all capitalists.Select one:a. Does not changeb. Goes down by 44c. Goes up by 8d. Goes up by 26e. None of the above.If the labor force participation increases, explain how employment, the real wage rate, and potential GDP change.