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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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