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four multiple choicesThank you very much If the number of unemployed equals 300,000 people and the average duration of an unemployment spell is about 11

four multiple choicesThank you very much

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If the number of unemployed equals 300,000 people and the average duration of an unemployment spell is about 11 months, then 0 A. the average person will expect to be employed in about 1/11 of a month. 0 B. the yearly inow to unemployment is 27,273 people. 0 C. employment is 3,300,000. 0 D. the monthly outow from unemployment is 27,273 people. 0 E. in 11 months unemployment will be close to zero. The labour force of an economy is divided into two groups: youths (15-24 years old) and older workers (25 years and older). The unemployment rate among older workers is 1% and among youths is 13%. The economy's NAIRU is 5.08%. Assuming real GDP equals potential GDP, youths are % of labour force. (Round your response to the nearest whole number.)Refer to the diagram that shows aggregate supply and aggregate demand in the economy. The economy begins in long-run equilibrium at E0. At E0, the unemployment rate is 5.1 percent. An increase in the price of raw materials shifts the AS curve to AS1 and a new short-run equilibrium is established at E1. At E1, the unemployment rate is 8 percent. Therefore, 0 A. cyclical unemployment is 2.9 percent. 0 B. the NAIRU is 8 percent. 0 C. the economy is atfull employment. Price Level 0 D. the sum of frictional and structural unemployment is 8 percent. Real GDP Refer to the table that shows real GDP, potential GDP and the unemployment rate for a hypothetical economy. Year Real GDP Potential GDP Unemployment (billions of S) (billions of 3) Rate In which year is the cyclical unemployment equal to - 0.3 percent? 2003 424 425 6.2 2004 429 429 6.1 O A. 2004 2005 435 433 5.8 2006 435 436 6.2 O 3' 2006 2007 438 440 6.4 O c. 2005 2008 442 442 6.1 2009 440 446 7.0 O 9- 2009 2010 449 450 6.2 O E. 2011 2011 457 453 5.9

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