(a) What was the unemployment rate in 2013? (b) How many jobs were needed to bring the...
Question:
(a) What was the unemployment rate in 2013?
(b) How many jobs were needed to bring the unemployment rate down to the 5 percent full-employment threshold?
(c) Using Okun’s Law, how more much would total output (GDP) have had to grow to create that many jobs?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
a 67 b 264 million c 34 Feedback a 67 from endpaper ...View the full answer
Answered By
Sidharth Jain
My name is Sidharth. I completed engineering from National Institute of Technology Durgapur which is one of the top college in India. I am currently working as an Maths Faculty in one of the biggest IITJEE institute in India. Due to my passion in teaching and Maths, I came to this field. I've been teaching for almost 3 years.
Apart from it I also worked as an Expert Answerer on Chegg.com. I have many clients from USA to whom I teach online and help them in their assignments. I worked on many online classes on mymathlab and webassign. I guarantee for grade 'A'.
4.90+
3+ Reviews
10+ Question Solved
Related Book For
The Macro Economy Today
ISBN: 978-1259291821
14th edition
Authors: Bradley R. Schiller, Karen Gebhardt
Question Posted:
Students also viewed these Business questions
-
In 2009, civilian employment was 139,877,000 and unemployment was 14,265,000. What was the unemployment rate?
-
In 2013 the unemployment rate was 7.4 percent, far above the full employment threshold(5 percent). (a) How many jobs were lost, as a result, in a labor force of 155 million? (b) If the average worker...
-
If the unemployment rate in 2013 had been 5 percent instead of 7.4 percent, (a) how many more workers would have been employed? (b) how many fewer would have been unemployed?
-
3. In this problem the bond sells for a premium, which indicates that interest rates have declined. The current yield is $70/$1,222 = 5.73%. To confirm that interest rates have declined, determine...
-
1. Consider the circuit shown in the figure. The currents I1, I2, and I3 (in amperes) are the solution of the system Use Cramer's Rule to find the three currents. + 813 = 2 21, + 813 = 6. I, + 1, -...
-
For each of the following sets of numbers, calculate the sample size \((N)\), the mean \(\mathrm{X}^{-}\) , the standard deviation \((s)\), and the standard error of the mean \(s \mathrm{X}^{-}\): a....
-
Repeat the previous problem in constant dollars for the \(\$ 10,000\) payment if the inflation rate is \(4 \% /\) year. Problem 2.2 What is the present value of a \(\$ 10,000\) payment in 2015 if the...
-
The management of Morrow Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net income of $875,000. It had net cash provided by operating activities...
-
Why is electromagnetic radiation so important to astronomers? Of what does "white light" consist (are there actually any other colors?), and how do we know?
-
A clothing supplier sells T-shirts to retailers for $7 each. If a store agrees to buy more than 30, the supplier is willing to reduce the unit price by 3 cents for each shirt bought above 30, with a...
-
For each situation described here determine the type of unemployment: (a) Steelworkers losing their jobs due to outsourcing. (b) A college graduate waiting to accept a job that allows her to utilize...
-
If business cycles were really inevitable, what purpose would macro policy serve?
-
Jarvis began operations on January 1, Year 1. Jarvis made an owner investment of $10,000 early in Year 1. There have been no additional owner investments. In its first two years of operations, it...
-
Which of the numbers below is closest to the monthly payment needed to pay off a loan of $1250 in 15 equal monthly payments, if the annual interest on the loan is 7%, compounded monthly?
-
If a loan of $1750 is payed off with monthly payments of $200 with an annual interest rate of 12%, then how many payments - including a final partial payment - are needed to pay off the loan?
-
Three paragraph answer. Diamond Computers, which is owned and operated by Dale Diamond, manufactures and sells different types of computers. The company has reported profits every year since its...
-
The following estimates have been produced for a new product with an expected life of four years. Year 1 Year 2 Year 3 Year 4 Units made and sold 6,000 11,000 20,000 12,000 R&D costs 800,000 400,000...
-
Karen and Pete are married and will file a joint return. They brought all of their tax documents to Jamal to prepare their return. The three documents are a Form w-2 for Karen($55,300), a Form w-2...
-
Use synthetic division to find the quotient and remainder when: x 3 + 2x 2 3x + 1 is divided by x + 1
-
Apply Jacobis method to the given system. Take the zero vector as the initial approximation and work with four-significant-digit accuracy until two successive iterates agree within 0.001 in each...
-
Under present-day tax law, community property rules are followed in allocating income between husband and wife. Is this consistent with Lucas v. Earl? Explain.
-
Ricardo owns a small unincorporated business. His 15-year-old daughter Jane works in the business on a part-time basis and was paid wages of $3,000 during the current year. Who is taxed on the childs...
-
Define the term constructive receipt. Explain its importance.
-
Georgeland Cycles makes and sells two models of electric bicycles. The Commuter (a folding model) sells for $2,505.00 and the Tour- X (a fat-tire trail model) sells for $4,505.00. Unit variable costs...
-
How do resistance genes alter the effectiveness of antibiotics that target proteins ?
-
Able Co. received $20,000 from a customer on April 1 for services to be provided partially in April and the rest in May. At the end of April, 11% of the services were complete. What is the amount...
Study smarter with the SolutionInn App