Question
1.In a given community, the unemployment rate is 5% and their working-age population is 3 Million. If labor force participation is of 82% in this
1.In a given community, the unemployment rate is 5% and their working-age population is 3 Million. If labor force participation is of 82% in this community, how many people are unemployed?
2.In a given community, the unemployment rate is 5% and their working-age population is 3 Million. Labor force participation was 82% in this community in December of 2009. In January 2010 a new social security policy was implemented, allowing people to retire and collect their social security benefits earlier than expected. 200 thousand older workers retired at the end of January due to the new policy. Further, 2000 senior citizens that were out of the labor force(in December) started collecting their social security retirement benefits in January due to their past contributions. What is the Unemployment rate in February assuming everything else was fixed at their December values?
( Please round your answer to include 2 decimal places, do not include the percent sign in the answer. That is, If you find 8.33333% is the new unemployment rate, input your answer as 8.33)
3.Consider the table below.
Year | CPI | CPI Inflation | Real GDP | Nominal GDP | GDP Deflator | GDP Inflation |
2005 | 95.65 | x | 4569.50 | 4480.00 | 98.04 | x |
2006 | 100.00 | a | 4903.50 | d | 100.00 | 2.00 |
2007 | b | 9.20 | 5223.00 | 5743.10 | 109.96 | e |
2008 | 125.86 | c | f | 7135.00 | 125.87 | 14.47 |
Based on the values of the table, what is the correct value for a ? (Please round your answer to include 2 decimal places)
4.Consider the table below.
Year | CPI | CPI Inflation | Real GDP | Nominal GDP | GDP Deflator | GDP Inflation |
2005 | 95.65 | x | 4569.50 | 4480.00 | 98.04 | x |
2006 | 100.00 | a | 4903.50 | d | 100.00 | 2.00 |
2007 | b | 9.20 | 5223.00 | 5743.10 | 109.96 | e |
2008 | 125.86 | c | f | 7135.00 | 125.87 | 14.47 |
Based on the values of the table, what is the correct value for c ? (Please round your answer to include 2 decimal places)
5.Consider the table below.
Year | CPI | CPI Inflation | Real GDP | Nominal GDP | GDP Deflator | GDP Inflation |
2005 | 95.65 | x | 4569.50 | 4480.00 | 98.04 | x |
2006 | 100.00 | a | 4903.50 | d | 100.00 | 2.00 |
2007 | b | 9.20 | 5223.00 | 5743.10 | 109.96 | e |
2008 | 125.86 | c | f | 7135.00 | 125.87 | 14.47 |
Based on the values of the table, what is the correct value for d ? (Please round your answer to include 2 decimal places)
6.Consider the table below.
Year | CPI | CPI Inflation | Real GDP | Nominal GDP | GDP Deflator | GDP Inflation |
2005 | 95.65 | x | 4569.50 | 4480.00 | 98.04 | x |
2006 | 100.00 | a | 4903.50 | d | 100.00 | 2.00 |
2007 | b | 9.20 | 5223.00 | 5743.10 | 109.96 | e |
2008 | 125.86 | c | f | 7135.00 | 125.87 | 14.47 |
Based on the values of the table, what is the correct value for e? (Please round your answer to include 2 decimal places)
7.Consider the table below.
Year | CPI | CPI Inflation | Real GDP | Nominal GDP | GDP Deflator | GDP Inflation |
2005 | 95.65 | x | 4569.50 | 4480.00 | 98.04 | x |
2006 | 100.00 | a | 4903.50 | d | 100.00 | 2.00 |
2007 | b | 9.20 | 5223.00 | 5743.10 | 109.96 | e |
2008 | 125.86 | c | f | 7135.00 | 125.87 | 14.47 |
Based on the values of the table, what is the correct value for f ? (Please round your answer to include 2 decimal places)
8.A country finds itself in the following situation: a government budget deficit of $300; total domestic savings of $1200, and total domestic physical capital investment of $1400. According to the national saving and investment identity, what is the current account deficit?
9.A country finds itself in the following situation: a government budget deficit of $1200; total domestic savings of $400, and total domestic physical capital investment of $1300. According to the national saving and investment identity, if investment decreases by $300 while the government budget deficit and savings remain the same, what will be the new value of the trade deficit after investment decrease?
10.In 2008, a small country imported goods worth $900 billion and exported goods worth $343 billion. It exported services worth $248 billion and imported services worth $530 billion. Payments on investments abroad totaled $499 billion, while returns paid on foreign investments were $25 billion. Unilateral transfers from the country to other nations amounted to $81 billion. What was the country's merchandise trade deficit for 2008? (In billions of Dollars.)
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