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- What is the relationship between unemployment and real GDP?A Wall Street Journal article stated that the U.S. economy added 155,000 jobs in November 2018, yet the unemployment rate, the labor force participation rate, and the employment-population ratio remained unchanged between October and November 2018. Source: Josh Zumbrun and Jeffrey Sparshott, "Did the Labor Market Slow in November? Here's How It Compares," Wall Street Journal, December 7, 2018. a. How is it possible for the economy to add jobs yet maintain the same unemployment rate, labor force participation rate, and employment-population ratio? The only way for these measures to remain constant when the number of people employed increased is A. for the number of unemployed, the working-age population, and the labor force to have all decreased by the same percentage as the increase in the number of people employed. B. if the size of the labor force was significantly larger than the actual number reported. C. for the number of unemployed, the working-age population, and the labor force…What is GDP at factor cost ?
- I cash out my stock to cash. How does this effect the gdpWhat is the difference between using a measure of inflation such as the consumer prices index (CPI) and the GDP deflator? Which do you think is the more accurate measure of price changes in an economy?If GDP is currently running faster than potential GDP, can we say, based on that observation alone, that inflation will rise in the near future?
- In 2016 what percentage of the labor force was employed? what percentage of the labor force was unemployed? what percentage of the total population was employed?Suppose 35 000 000 people are in the labour force, 18 000 000 people are employed in the public sector and 15 000 000 people are employed in the private sector. How many people are unemployed?Suppose the population is 300 million people, the labor force is 200 million people, the number of people employed is 185 million, and the working-age population is 170 million people. What is the unemployment rate?