(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, -...
-
What are the four major agents of change that create and destroy landforms?
-
Visit www.pearsonglobaleditions.com/malhotra to read the video case and view the accompanying video. Subaru: Mr. Survey Monitors Customer Satisfaction presents an interesting overview of Joe...
-
State Senator Bowdler convinced the legislature of State Z to pass a law requiring all professors to submit their class notes and transparencies to a board of censors to be sure that no lewd...
-
what ways can educational curricula be tailored to nurture empathetic competencies among students, thereby fostering a more compassionate society ?
-
Abhinav is a trader. Using the following information taken from Abhinavs books on 30 June 208: a. Prepare a trial balance at 30 June 208 b. Prepare an income statement for the year ended 30 June 208...
-
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?
-
What strategies do you believe can save newspaper companies from extinction?
-
Acme Services, Inc., represents to Best Production Company that certain services can be performed for a stated fee. This representation would be unethical if Acme knew at the time that a. Acme could...
-
Pierre makes an offer to Lynn in a written purchase order, saying nothing about how her acceptance should be sent. Lynn indicates her acceptance by signing and returning the purchase order. Lynns...
-
Why is it necessary to determine where the line between state and national powers lies?
-
A lawsuit can be brought in a federal court if it involves a. a question under the Constitution, a treaty, or a federal law. b. citizens of different states, a foreign country and a U.S. citizen, or...
-
The United States Supreme Court can hear appeals on federal questions from state and federal courts.(True/False)
-
What is the net force on a box that is being pushed to the right with 50 N of force while, at the same time, being pushed to the left with 20 N of force?
-
A manufacturer can sell product 1 at a profit of $20 per unit and product 2 at a profit of $40 per unit. Three units of raw material are needed to manufacture one unit of product 1, and six units of...
-
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.
-
Let f RR satisfy (0) = 1, f(1) = 2, f'(1) = -1, (3) = 0 and f'(3) = 0. (a) Approximate f(2) using a Hermite interpolating polynomial. (b) If C5 (R) and |(5)| is bounded by 4 estimate the error in (a).
-
[2 - JP - 2. GivenA = 30, B = { } [51] Is AB defined? Calculate AB. Can you calculate BA? Why? (20 pts)
-
1. In August 2013, a bank was offering 0.62% interest on its savings account, with interest reinvested daily. Assuming this rate of return continued for six years, how much would a deposit of $4,000...
Study smarter with the SolutionInn App