Question
26) The table below shows the population and employment data for Gilead, a country with a total population of 1 million people. Status # of
26) The table below shows the population and employment data for Gilead, a country with a total population of 1 million people.
Status
# of people
Children0-16years old
200,000
Employed
325,000
Unemployed
25,000
Discouraged adult workers
50,000
Full-time students over16
100,000
Retired individuals
100,000
Stay-at-home parents and other non-working civilians over16
100,000
Non-civilians (employed by armed forces)
60,000
Institutionalized individuals
40,000
Gilead's unemployment rate is ______%.
27) In the neighboring groups of New Yorkers and New Jersian's, each produces only two products, bagels and calzones. By themselves, the New Yorkers, each day, can produce either 45 pounds of bagels and no calzones, or 30 pounds of calzones and no bagels, or any combination in between. The New Jersian's, by themselves, each day, can produce 30 pounds of bagels and no calzones, or 28 pounds of calzones and no bagels, or any combination in between. Diagram 1.a. shows the daily Production Possibility Frontier for the New Yorkers and Diagram 1.b. shows the daily Production Possibility Frontier for the New Jersian's.
Table 1.a.
New Yorkers
Bagels
Calzones
45
0
35
6
25
12
15
18
5
24
0
30
Table 1.b.
New Jersian's
Bagels
Calzones
30
0
22.5
7
15
14
7.5
21
0
28
Examine Diagram 1.a. showing the daily Production Possibility Frontier for the New Yorkers and Diagram 1.b. showing the daily Production Possibility Frontier for the New Jersian's. Which group (NY or NJ) has the comparative advantage in calzones production?
a) NY
b) NJ
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