Chapter 8: Questions 5, 9, 15

Mar 26th, 2014
HelloWorld
Category:
Economics
Price: $20 USD

Question description

Chapter 8: Questions 5, 9, 15

5.  Is the natural rate of unemployment fixed?  Why or why not?  How are full employment and the natural rate of unemployment related? Is the actual rate of unemployment currently greater or less than the natural rate of unemployment? Why?

9.  What impact will high and variable rates of inflation have on the economy? How will they influence the risk accompanying long-term contracts and related business decisions?

15.  The following Table B presents the 2010 population, employment, and unemployment data among working age persons for several countries.

a. Calculate the number of people in the labor force for each country.

b. Calculate the labor force participation rate for each country, and put the figures in the blanks provided. Which country had the highest labor force participation rate? Which country had the lowest?

c. Calculate the unemployment rate for each country, and put the figures in the blanks provided. Which country had the highest unemployment rate? Which had the lowest? 

Country  Population   Number Employed Number  Rate of Labor Force    Rate of Unemployment    (In Millions)  (In Millions)    Unemployed    Participation (percentage) (Percentage)

United States

237.8

139.1

14.8

Canada

27.3

17.0

1.3

Japan

110.3

62.0

3.1

Germany

70.9

38.2

3.0

France

49.7

25.4

2.6

Australia

17.9

11.2

0.6

Italy

51.3

22.6

2.1


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: UC Berkeley
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
Five Star Tutor
Dec 11th, 2016
" Outstanding Job!!!! "
kpcutie
Nov 28th, 2016
" Excellent job "
Joemoe
Nov 19th, 2016
" <3 it, thanks for saving me time. "
Hemapathy
Nov 14th, 2016
" all I can say is wow very fast work, great work thanks "
pmallory
Nov 5th, 2016
" Totally impressed with results!! :-) "
kevin12622
Oct 23rd, 2016
" Goes above and beyond expectations ! "
kiln82
Oct 14th, 2016
" awesome work thanks "
likeplum4
Sep 30th, 2016
" Excellent work as usual "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors