Frictional unemployment - Guías de estudio, Notas de estudios & Resúmenes

What is frictional unemployment? - Answer Between jobs, moving towards a better job. (Module 7) What is structural unempoyment? - Answer Job eliminated, accumulated experience is no longer valued in the labor market. What is cyclical unemployment? - Answer Laid off due to a recession How do you calculate the unemployment rate? - Answer (# of unemployed/labor force) x 100 How do you calculate the labor force participation rate? - Answer (labor force / population) x 100 Wh...

Which of the following is included in GDP? A. recreational marijuana purchased from a drug dealer by a college student? B. Recreational marijuana purchased and consumber by a man in his attic. C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. D. All of the above - correct answer C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. you know a candy bar cost five cents in 1962. You also know the CPI for 1962 and the CPI to...

Approaches to calculate GDP - Expenditure, Factor Income, Value Added Civilian working age population=? - =Total population- anyone under 14- anyone institutionalizedanyone in the military Consumer Price Index is calculated by the BLS how often? - Every month CPI =? - = Market basket in current dollars/ market basket in base year dollars (times 100 bc percentage) Cyclical unemployment - moves up and down with the business unemployment Discount rate - second lowest in country. it is the int...

BEC FormulasReal GDP - correct answer Nominal GDP/GDP Deflator x 100 Multiplier effect - correct answer 1/(1-MPC) The expenditure approach - correct answer Government Purchases Gross Domestic Investment Personal Consumption Net Exports The income approach - correct answer Income of proprietors Profits of corporations Interest (net) Rental Income Adjustments for Net Foreign Income and miscellaneous items Taxes Employee Compensation Depreciation Net National Product - correct...

ECN 211 Final (Exams 1, 2, 3) ASU Douglas Questions with Correct Answers Graded A+ Which of the following is included in GDP? A. recreational marijuana purchased from a drug dealer by a college student? B. Recreational marijuana purchased and consumber by a man in his attic. C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. D. All of the above - Correct Answer C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. you know ...

GCSE ECONOMICS 8136/2 Paper 2 How the Economy Works Version: 1.0 Final *JUN* IB/H/Jun23/E8 8136/2 Friday 26 May 2023 Morning Time allowed: 1 hour 45 minutes Materials You will need no other materials. You may use a calculator. Instructions • Use black ink or black ball-point pen. • Fill in the boxes at the top of this page. • Answer all questions. • You must answer the questions in the spaces provided. Do not write on blank pages. • If you need extra space for your ans...

What is short-term unemployment while searching for a new job called? Frictional unemployment Unemployment that occurs when a receptionist is laid off for lack of computer skill is _______, whereas unemployment that occurs when an event manager resigns his present position in search of a high rewarding job is _________. structural; frictional

Which of the following is included in GDP? A. recreational marijuana purchased from a drug dealer by a college student? B. Recreational marijuana purchased and consumber by a man in his attic. C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. D. All of the above - correct answer C. medical marijuana purchased from a government-run pharmacy by a glaucoma patient. you know a candy bar cost five cents in 1962. You also know the CPI for 1962 and the CPI to...

When you include discouraged workers and unemployed workers in calculations of the unemployment rate correct answersthis alternate measure is much higher than the official unemployment rate. The Internet has enabled workers and companies to find each other more quickly and to make better matches with substantially lower costs. The result is correct answerslower frictional unemployment Official unemployment is identified as when a worker correct answerswho is not currently employed is searc...

Economic Indicators Exam Study Guide Complete Questions and Correct Detailed Answers (Verified Answers) |Already Graded A+ Gross Domestic Product The dollar amount of all final goods and services produced within a country's borders in a year. final goods goods and services that have been purchased for final use and not for resale or further processing or manufacturing intermediate goods materials or resources that will be transformed into another form or used for another product nom...