All Matches

Solution Library

Expert Answer

Textbooks

Search Textbook questions, tutors and Books

Oops, something went wrong!

Change your search query and then try again

Result Not Found

Books FREE
Tutors
Study Help
Hire a Tutor
AI Study Help New

Search
Sign In
Register

study help
business
macroeconomics principles

Questions and Answers of Macroeconomics Principles

1. 12. Describe the classical theory of unemployment.
1. 11. What is the relationship between the average duration of unemployment and the unemployment rate?
1. 10. What policies may be used to combat frictional and structural unemployment?
1. 9. List and describe the three types of unemployment.
1. 8. How can high levels of unemployment be explained in the Keynesian model?
1. 7. What is the labor force participation rate, and how is it calculated? How has it changed in recent decades for men and women in the European Union?
1. 6. What does employment flexibility mean from the perspective of workers? From the perspective of employers?
1. 5. What are underemployed part-time workers? Discouraged workers?
1. 4. How is the unemployment rate calculated?
1. 3. What makes a person count as “unemployed”?
1. 2. What questions are asked to determine whether someone is “employed”?
1.1. What population is included in the official household survey that measures employment and unemployment?
1. 2. Can you think of other impacts, positive and negative, of allowing workers more flexibility in setting their work hours? Would you support any specific policies to promote more choice of work
1.1. Which arguments seem most convincing to you, those of classical labor market theorists, “sticky wage” theorists, or Keynesian economists concerned with aggregate demand? What are some
1. 2. Do you know of places in your city or region (or country) that have been hit particularly hard by unemployment and underemployment recently or in past decades? Do you know why this hardship
1.1. Reflecting on your experience or that of someone you know, how long might it normally take for someone to find a job in your area?Comparing your answers in a group, do you find different
1. 2. What evidence have you seen—in your own family or in the media—of increasing “flexibility” in labor markets? Do you think that these changes have been beneficial, harmful, or both?
1.1. What was the labor force experience of your grandparents (or others whom you know in that generation)? Of your parents (or others in their generation)? What do you expect your own labor force
1. 2. Do you know anyone who is a “discouraged worker”? How about someone who is an “underemployed part-time worker”?
1.1. How would Eurostat classify you, personally, on the basis of your activities last week? Can you think of an example in which someone you think of as working would not be considered by Eurostat
1. 4. Match each statement in Column A with an answer in Column B.Column A Column Ba. The largest of the three economic sectors by value added 1. Cyclicalb. The smallest of the three economic sectors
1. 3. Eurostat’s databases are the sources of much of the data presented in this chapter. Go online and locate the relevant databases. Find the percentage of GDP attributed to the primary,
1. 2. Search the Internet or other news sources for a recent article discussing the loss of European jobs to other countries. Based on what you have learned in this chapter, present an analysis of
1.1. Match each statement in Column A with a percentage in Column B.Column A Column Ba. Share of the employed persons in the EU who work in education 1. around 11 percentb. The tertiary sector’s
1. 14. What trend was emphasized in the chapter concerning retail services?
1. 13. Summarize the state of health care in the European Union.
1. 12. What is meant by “financialization”? What data suggest that advanced economies have become more financialized in recent years?
1. 11. Is the service sector synonymous with low-paying jobs?
1. 10. Are some politicians correct when they say that European manufacturing jobs have been shifted to Asia?
1. 9. Contrast the recent history of the European textile and automobile industries.
1. 8. Why does the number of new housing starts in most countries show a cyclical pattern?
1. 7. What is the largest source of energy in the European Union?
1. 6. Does the declining share of the primary sector imply that it is becoming less important?
1. 5. Summarize how agriculture in the European Union has changed over the past century.
1. 4. What are some of the potential future natural resource constraints on economic activity?
1. 3. How do “technological optimists” view the debate about natural resource constraints?
1. 2. Approximately what percentage of the EU GDP is produced in each of the three sectors? How has this allocation changed over time?
1.1. List and define the three major output sectors of the European economies, as discussed in this chapter.
1. 2. What can be the benefits of a growing financial sector? Why is a growing financial sector not always beneficial for the economy as a whole?
1.1. Economic theory suggests that goods and services provided in competitive markets by private enterprises will result in lower prices.But we have learned that health-care costs in the United
1. 2. Some people cite the return from the suburbs to urban areas and the lower percentage of young people getting driver’s licenses as indications that “the age of the automobile is drawing to a
1.1. During the euro crisis, in many European countries, a significant decline in housing prices could be observed. However, at the same time, the number of homes sold also declined dramatically.
1. 2. Do you think that the heavy dependence of the European Union on fossil fuels for energy is a problem? How likely is it that this might change in the future?
1.1. How do you obtain most of your food? Does it come from a supermarket, or do you get some from a farmers’ market or grow your own? Are you surprised to learn that less than a tenth of what you
1. 2. Try to estimate what share of your total expenditures is spent on products from the primary, secondary, and tertiary sectors. How do you think your expenditure patterns will change in the
1.1. Think about the businesses and industries in your community. How would you classify those businesses according to each of the three sectors described above? Does your answer to this question
1. 11. Match each concept in Column A with a definition or example in Column B.Column A Column Ba. Depreciation of natural capital 1. Valuing time at the wage that someone gives upb. Satellite
1. 10. Consumption of oil, gas, and coal currently fuels the EU economy but also has other effects. How might the following be accounted for in the respective national accounts, if they were
1. 9. In 2011, the Deepwater Horizon oil spill in the Gulf of Mexico caused heavy damage to the fishing and tourism industries of Louisiana and other coastal states. In addition, there were long-term
1. 8. Which of the following describe a resource function of the natural environment? An environmental service function? A sink function?a. A landfillb. A copper minec. Carbon dioxide (a byproduct of
1. 7. Estimate how much time you spend each week doing two unpaid household production tasks (e.g., cleaning, cooking, or repairs). Then locate data on the typical wages paid to workers who perform
1. 6. Suppose that you buy a bread-making machine, flour, and other foodstuffs, take them home, and bake bread with a group of young children who are in your care (unpaid). How would these activities
1. 5. The UNDP Human Development Report is available at its Web site(www.undp.org). Consult this report, and choose a country that is not included in Figure 6.2. Write a paragraph describing this
1. 4. Go to the OECD’s Web site for the Better Life Index(www.oecdbetterlifeindex.org). Note that you can adjust the weights applied to each of the 11 well-being dimensions using a sliding
1. 3. Go to the European Union’s “Europe 2020” Web site. Locate the scoreboard for your country. Answer the following questions:a. Which dimensions have improved compared to 2008? Which have
1. 2. Indicate whether each of the following actions or impacts would increase GDP.a. An individual purchases bottled water to avoid a contaminated municipal water supply.b. An individual obtains her
1.1. Describe in a short paragraph why measures of output do not always measure well-being. Include some specific examples beyond those given in the text.
1. 17. What is the maintenance-cost approach to estimating the value of environmental services?
1. 16. What is the damage-cost approach to estimating the value of environmental services?
1. 15. What are the potential problems with estimating environmental impacts in monetary terms?
1. 14. What is environmentally adjusted net domestic product?
1. 13. What are the three main functions of natural systems?
1. 12. What is the difference between the replacement-cost method and the opportunity-cost method for valuing household production?
1. 11. What are some examples of household production?
1. 10. What is the Human Development Index?
1. 9. What is the Better Life Index, and how is it measured?
1. 8. In how far has the EU made progress reaching the Europe 2020 targets?
1. 7. What is the Europe 2020 scoreboard, and what does it include?
1. 6. What are some of the main critiques of GDP as a measure of well-being?
1. 5. Do average levels of SWB increase as a country develops economically?
1. 4. Based on the scientific research, what is the relationship between the average level of SWB in a country and its GDP per capita?
1. 3. What is subjective well-being (SWB), and how is it commonly measured?
1. 2. What are satellite accounts?
1.1. What are the two major contexts for economic activity?
1.2. Suppose that your national government officially adopted your preferred indicator from the previous question. How do you think this would change specific policy debates in your country? What new
1.1. Of the various alternative indicators presented in this chapter, which one would you advocate as the best approach for measuring economic well being? What do you think are the strengths and
1. 2. Some people have argued that the monetary valuation of environmental costs and benefits is important because “any number is better than no number”—without valuation, these factors are
1.1. In Burgess County, current irrigation methods are leading to rising salt levels in agricultural fields. As a result, the number of kilograms of corn that can be harvested per hectare is
1. 2. Think back on at least one household activity in which you have engaged in the past couple of days that in principle could be replaced by market or third-person services. How would that
1.1. Do you think that national governments should incorporate a monetary estimate of the value of household production in national accounting statistics? How do you think the inclusion of household
1.2. Give examples of each of the following:■ Efforts to supplement GDP■ Efforts to adjust GDP■ Efforts to replace GDP Are there some alternatives discussed above that would fit into more
1.1. Does the Europe 2020 scorecard include anything that you think should be left out or fails to account for something that you think should be included? Think hard about what you really think
1. 2. In Chapter 3, we discussed how economies are based on natural, manufactured, social, and human capital. Only the value of manufactured capital (structures and equipment)—and, recently,
1.1. GDP can be characterized as a (rough) measure of the amount of“throughput” taking place in an economy—as measuring the level of activity whose purpose it is to turn renewable and
1. 11. (If Appendix is assigned) The “chained Year 1 euro” estimate of real GDP in the apples-and-oranges example (see Appendix) is smaller than the“constant Year 1 euro” estimate of real
1. 10. Go to the Eurostat Web site (http://ec.europa.eu/eurostat) and locate its information on the change of the consumer price index for the euro area(“Inflation HICP—all items”)? What month
1. 9. Match each concept in Column A with a definition or example in Column B:Column A Column Ba. A negative (subtracted) item in GDP 1. The year in which real and nominal values are equalc. An
1. 8. Go to the Eurostat Web site (http://ec.europa.eu/eurostat). What are the latest figures for real GDP, current euro GDP, and the growth rate of GDP for the euro area? What time period do these
1. 7. List the key simplifying assumptions of the traditional macro model concerning:a. The forms of capital included in the modelb. The sectors of the economyc. Who in the economy produces and
1. 6. Assume the same simple economy described in the previous question.a. Calculate a constant-weight price index for the second year, using the first year as the base.b. What is the growth rate of
1. 5. Suppose an extremely simple economy produces only two goods, pillows and rugs. In the first year, 50 pillows are produced and sold at €5 each;11 rugs are produced and sold at €50 each. In
1. 4. Using the relations among accounting categories demonstrated in the tables and identities in the text, use the information on values in the chart that follows (measured in Neverlandian pesos)
1. 3. In which line (or lines) of Table 5.3(the spending approach) would the value of each of the following be counted? “Not counted in any category” is also an option.a. A new refrigerator
1. 2. In which line (or lines) of Table 5.4(the income approach) would the value of each of the following be counted in the macroeconomic accounts of the euro area? If it is part of “net income
1.1. In which line (or lines) of Table 5.2(the product approach) would the value of each of the following be counted? “Not counted in any category” is also an option.a. Production of fresh
1.19. Explain how a country can finance an excess of imports over exports.
1. 18. Explain how savings, investment, and trade are related in the national accounts.
1. 17. Is there only one kind of price index? Explain.
1. 16. Describe the reasoning behind the “constant-weight” method traditionally used in estimating the price indexes.
1. 15. What are some problems with the “constant-price” approach to calculating real GDP?

Showing 300 - 400 of 5333

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Last

Services

Sitemap
Fun
Definitions
Become Tutor
Study Help Categories
Recent Questions
Expert Questions

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Campus Ambassador

Secure Payment

Download Our App

© 2024 SolutionInn. All Rights Reserved