Macroeconomics‚ 12e (Gordon) Chapter 2 The Measurement of Income‚ Prices‚ and Unemployment 2.1 Why We Care About Income 1) Job openings are plentiful when the A) actual real GDP is above the natural real GDP. B) natural real GDP is above the actual real GDP. C) natural real GDP is increasing rapidly. D) None of the above. Question Status: Previous Edition 2) The real income per capita is a measure of the A) well-being of every individual in the nation. B) well-being of the average individual
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Advances in technology will result in a growth in unemployment. Technological advances allow society to produce more output from the existing mix of resources. These advances may take the form of less costly methods of producing existing output or may result in the production of new (or substantially improved) commodities (such as DVD players‚ HDTV‚ anti-lock braking systems‚ and similar innovations). Society clearly gains from the production of either more output or more highly valued output. Nevertheless
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Who enacted this statute? The statute for the terms of denial for unemployment benefits in the state of New Mexico would be enacted by the legislative authority in the state of New Mexico. Meaning it would fall back on the state of New Mexico to enact the statute. 2. Is this statutory mandatory or discretionary? What causal term in the statute helped you answer this question? The statute for the denial of unemployment benefits would be considered statutory mandatory. The key word in the statue
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Eurozone unemployment and inflation both rise 01 March 2012 by Daniel Mason Eurozone unemployment rose to a record high in January‚ while inflation in the currency bloc has also continued its upward trend - a combination described by economists as "unpalatable" and a "double whammy of bad news". The jobless rate in the 17-member currency bloc was 10.7 per cent in January‚ up from 10.6 per cent in December‚ according to statistics published today by Eurostat. It means that‚ in January‚ there
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Unemployment and the Labour Force: Their Affect On the Economy This essay looks at how the level of unemployment (or employment) and labour force participation affect the economy as a whole. For the purpose of this essay I will concentrate more on unemployment‚ as this adversely affects the size of the labour force‚ whereas labour force participation does not affect the level of unemployment in the same manner. In reality‚ the two work hand in hand and it is vital that they both retain an
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Employment: To what extent has unemployment affected society? Unemployment means being out of job or a situation where the individual is willing to work but has none. The government and the nation suffer due to unemployment. In many countries the government has to pay the unemployed some benefits. The greater the number of the unemployed or the longer they are without work the more money the government has to shell out. Therefore‚ the nation not only has to deal with the lost income and decreased
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Unemployment in Hungary-the effect of the economic crisis Unemployment in Hungary- The effect of the economic crisis I. Introduction One of the most serious problems in Hungary is the unemployment. People are trying to find solutions to beat the unemployment but yet those efforts were hopeless‚ and they are still fighting to create job possibilities for the unemployed people. The economic crisis which occurred all over Europe brought a big change on the whole world. Because of the
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ARTICLE ABOUT UNEMPLOYMENT RATES IN MALAYSIA KUALA LUMPUR‚ May 26- The unemployment rate in the country for March 2014 was at 3.0 per cent‚ comparatively lower from 3.3 per cent in March last year ‚ the Statistics Department said. When compared with the previous month‚ the rate was down 0.2 percentage point from 3.2per cent in February 2014. In a statement here today ‚the department also said the labor force participation rate decreased in March 2014 to 66.9 per cent from 67.4 per cent in the
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Name: Institution: Course: Date: The Relationship between Unemployment and Economic Growth Condition In most part of the world the economy and the unemployed are very closely interconnected. If the unemployment goes on a drastic change the economy takes the same path. With trade prevailing in bad economic days employees are laid off to save the business financial status. However‚ as a result of these layoffs people do not have cash to spend which will in turn cause problems to the economy. Economic
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Fiscal Policy for reducing the unemployment rate The employment rate is quite an important variable to a country because it represents the country’s economic situation is good or bad.In order to reduce the unemployment rate‚both demand side policies and supply side policies can be used.On the demand side‚there are fiscal policy and monetary policy.While on the supply side‚there are many policies like improving labor market flexibility‚employment subsidies‚better education and training‚lower employment
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