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Posted: March 13th, 2024
The unemployment rate.
2. In July 2009, in the economy of Sandy Island, 10,000
people were employed, 1,000 were unemployed, and 5,000 were not in the labor
force. During August 2009. 80 people lost their Jobs and didnât look for f new
ones, 20 people quit their jobs and retired, 150 unemployedpeople were hired,
50 people quit the labor force,and 40 people entered the labor force to look
for work. Calculate for July 2009
a. The unemployment
rate.
b. The employment to
population ratio
And calculate for the
end ofAugust 2009
c. The number of
people unemployed.
d. The number of people employed.
e. The unemployment
rate.
Ch6
2. Japan's real GDP was 525 trillion yen in2009 and 535
trillion yen in 2010. Japan's population was 127.6 million in 2009 and 127.5
million in 2010. Calculate
a. The economic growth rate,
b. The growth rate of
real GDP per person.
c. The approximate number of years it takes for real GOP pee
person in Japan (0 double if the real GDP economic growth rate returns to 3
percent a year and the population growth race is maintained
4. Chinas real GDP
per person was 9,280 yuan' in 2009 and 10,110 yuan in 2010. India's real GDP
per person was 30,880 rupees in 2009 and 32,160 rupees in 2010.
a.The population of China isgrowing at 1percent a year and
the population of India is growing at l.4percent a year. Calculate the growth rate
of real GDP in each country.
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