Chapter 8: Questions 5, 9, 15

Mar 26th, 2014
Anonymous
Category:
Accounting
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) Studypool Tutor
School: Carnegie Mellon University

Studypool has helped 1,244,100 students

Review from student
Studypool Student
" Outstanding Job!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1825 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