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d) Is the unemployment rate higher or lower in 3019 than in 3018? How does this relate to Eowyn's observation? Explain. e) If frictional unemployment
d) Is the unemployment rate higher or lower in 3019 than in 3018? How does this relate to Eowyn's observation? Explain. e) If frictional unemployment in 3019 for Rohan is 420 and structural unemployment is 210, what is the natural unemployment rate? Is there cyclical unemployment? If so, what is the cyclical unemployment rate? Is posted on Blackboard Section 6 Theoden King wants to know the total value of output (GDP) in Rohan in 3019 (Third Age). He demands that Wormtongue provide this information. Wormtongue gives him the following statistics for the year, but claims not to be able to determine GDP Consumption expenditures $ 1,750 Edoras government purchases of goods and services 200 Westfold and Helm's Deep government purchases (local) 331 Proprietors income 150 Compensation of employees 1,680 Corporate profits 188 Corporate profit taxes 23 Rental income 31 Capital consumption allowance (depreciation) 295 Indirect business taxes 146 Net interest 147 Exports to Gondor and Mirkwood 299 Imports from Saruman and Rivendell 355 Undistributed corporate profits 111 Transfer payments 66 Personal taxes 45 Social Security taxes (Social Insurance taxes) 222 Net foreign income from and to the rest of Middle Earth 0 Statistical discrepancy 0
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