1) Generally speaking, what would happen to the measured unemployment rate if un
ID: 1091460 • Letter: 1
Question
1) Generally speaking, what would happen to the measured unemployment rate if unemployed individuals left the labor force to enter a disability program?
2) Paul and Karen are married. Karen works as a stockbroker while Paul works part-time to take care of their kids at home. He is happy with this arrangement. Is Paul unemployeod? Would he be counted as wrking part time for economic reasons?
3) The starting salary for a new assistant economics professor was $15,000 in 1976 and $90,000 in 2010. The value of the CPI for 2010 was 216.3, compared to 56.9 in 1976. In which year did a newly hired professor earn more in real terms?
4) A country reports a price index of 55 in 2005 and 60 in 2006. What is the inflation rate between 2005 and 2006?
Explanation / Answer
Answer:
1. Unemployment rate will be Decrease
2. No, he is not unemployed.. yes he willl be counted as working part time but not for economic reasons rather for its personal reasons.
3. 15000/56.9 = 263.62, 90000/216.3 = 416.088
4. Inflation Rate = 5 /55 *100 = 9.09%
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