Description
DO THREE version of this homework. (correct answers make it for three people)
Deliver THREE single doc.
DO THREE version of this homework. (correct answers make it for three people)
Deliver THREE single doc.
DO THREE version of this homework. (correct answers make it for three people)
Deliver THREE single doc.
DO THREE version of this homework. (correct answers make it for three people)
Deliver THREE single doc.
DO THREE version of this homework. (correct answers make it for three people)
Deliver THREE single doc.
DO THREE version of this homework. (correct answers make it for three people)
Deliver THREE single doc.
DO THREE version of this homework. (correct answers make it for three people)
Deliver THREE single doc.
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Running head. ECONOMIC QUESTIONS
Economics questions
Name
Institutional affiliation
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Running head. ECONOMIC QUESTIONS
Question one
(a) Unemployment rate (u) varies with job separation rate (s) and job finding rate (f)
according to the equation below..
U/L = (s/s+f)
In this case s = 0.04 and f = 0.92
The rate of unemployment u = (0.04/0.04+0.92)
= 0.0417%
(b) the new rate as a result of change from 92% to 82% would be;
U/L = (s/s+f)
0.04/0.04 +0.82
= 0.0465%
(c) Let the number of those who are unemployed be N. Labor force is the summation of
unemployed and employed. Unemployment rate is the percentage of labour force
unemployed
0.0417 = N/ (150+N) * 100
N = 0.0625 million
The number of unemployed is 0.0625 million people
(d) The rate of unemployment will decrease if the government reduces benefits such as
unemployment insurance.
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Running head. ECONOMIC QUESTIONS
Question t...