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2. You have obtained the following information on a country’s population:
Number of employed people who are looking for work every day: 420
Total number of employed people: 1000
Total number of unemployed people: 30
Number of retired people: 200
People over the age of 16: 2000
a)Calculate the unemployment rate and labor-force-participation rate of this country
b)What do you understand by the Menu Cost of inflation? Explain with example.
3. In the year 2010, Burgerina's per capita GDP was 142.69 USD. Due to extraordinary economic policy measures implemented by the government, the country witnessed a staggering growth of 10% for the last 11 years. What is Burgerina’s GDP in 2021?
1.The following information is presented to you regarding some transactions that have taken place in the year 2021: Description of transactions & Amount in dollars
The garment owner pays a salary to her workers-$500000
She purchases raw materials to produce garment products-$400000
She purchases second-hand machinery from markets to produce garment products-$600000
She sells RMG products to the domestic market-$450000
She sells RMG products to the international market-$678000
She accumulates unsold products in her warehouse-$100,000
a)Based on the information provided, calculate contribution to the GDP for the aforementioned transactions (using the expenditure approach). Also, specify the components in which the transaction items will go.
2.Explain how structural unemployment can be addressed by policy changes.
how gross national product (GNI) can be derived from gross domestic product (GDP).
Suppose that one has a present loan of $1,000 and desires to determine what equivalent uniform EOY payments, A, could be obtained from it for 15 years if the nominal interest rate is 14.2% compounded continuously (M =∞).
Outline the qualified minority rights of a member which can only be enforced by the joint efforts of a membership group as defined under the Companies Act. (10 marks)
if a nations maximum GDP (with 0% unemployment) is $20 trillion, how much is full employment GDP (with 5% unemployment)
The Czech Republic has a gdp of 2000 billion koruny. The exchange rate is 20 koruny per u.s. dollar. The Czech population is 20 million. Caluculate the per capital gdp of the Czech Republic in u.s. dollars
Describe the broad facts about what, how, and
for whom goods and services are produced.
A firm operating in a competitive industry has it cost function as TC =100+4Q-10Q²+⅓Q² if the market price P=30
Find the profit maximizing unit of outline and the total profit at the level of output ratio
Suppose a country imports oil. The world oil price has recently decreased, affecting the country’s domestic aggregate supply. Explain how policymakers find the trade-off between unemployment and inflation in the short run in the country. Diagram(s) required.
