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typewritten with detailed solution 1. Tatooine has a total working age population of 2, 000, 000. The labor - force participation rate is 90%. The
typewritten with detailed solution
1. Tatooine has a total working age population of 2, 000, 000. The labor - force participation rate is 90%. The table below provides information on the unemployment rate for Tatooine over a five year period. Based on the information below, calculate the number of workers in the labor force. Calculate the number of workers unemployed in 1994. Calculate the number of workers employed in 1996. Year Unemployment rate 1993 4.2 1994 4.2 1995 6.7 1996 9.8 1997 12.32. The nation of Arbez has a TWAP of 3 million citizens. The labor - force participation rate is 75%. The number of Arbezanis with jobs is 1, 500, 000. Calculate the number in the labor force. Calculate the number of unemployed workers. Calculate the unemployment rate. Arbez has determined that the natural rate of unemployment is 6%. How many cyclically unemployed are there? 100, 000 discouraged workers become encouraged and begin searching for a job. Calculate the new unemployment rate.3. Arboc has a TWAP of 2,000,000. The labor-force participation rate is 90%. Assume that the citizens of Arboc, when trying to determine the inflation rate for the next 12 months, base their calculations solely on the current inflation rate. The following table provides information on the consumer price index (CPI) and unemployment rate for Arboc over a five-year period.97.43.0093.\" Year CPI Unemployment rate (%) 1993 100.00 4.2 1994 100.00 4.2 1995 110.00 6.7 1996 115.50 9.8 1997 117.81 12.3 Based on the information, calculate the number of workers in the labor force. Based on the information. calculate the number of workers unemployed in 1994. Based on the information, calculate the number of workers employed in 1996. Based on the information, calculate the ination rate for 1994, 1995, 1996, and 1997. In 1995, the market interest rate was 12%. Based on the information, calculate the real interest rainStep by Step Solution
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