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- Explain how the removal of online purchase taxes on ICT devices may effect a country's employment rate.In the circular flow diagram, the different payments made by ________ to ________ include wagesHow does the graph look for the effect of a temporary but persistent increase in total factor productivity on current prices. I know that the x axis is the quantity of output and the y axis is the price level but im not sure how the graph should look. Could you show me what the graph should look like?
- Consider a country in which for goods (A, B, C, and D) are produced. The following table shows data for prices and quantities produced for three years. Production Price per unit Q1 Q2 Q3 P1 P2 P3 Good A 45 40 42 10 8 8 Good B 52 55 54 12 10 12 Good C 14 17 18 6 10 11 Good D 29 28 30 15 17 19 a. 1425 b. 1615 c. 1593 d. 2015 Nominal GDP for year 1 is equal to:28. Older workers are: A. Much more likely to migrate than younger workers because older workers have lower moving costsB. Much less likely to migrate than younger workers because older workers are more likely to have children at homeC. Much more likely to migrate than younger workers because older workers have lower implicit costs of migratingD. Much more likely to migrate than younger workers because younger workers have stronger roots and ties to the local communityWhich statement correctly describes the U.S. labor force participation rate? The U.S. labor force participation rate _______. A. has an upward trend that is mainly accounted for by the increasing participation of men in the labor market B. is calculated as the percentage of the labor force who are employed C. increased from 59 percent in 1960 to 67 percent in 1999 D. for women is higher than the female labor force participation rates in Canada and the United Kingdom
- What does it mean to say that the country is operating at full of employmentHow does an increase in the minimum wage affect the economy. Period Minimum Wage Rate Unemployment Rate Inflation Rate Economic Growth Labour Force Participation 2019 - 2020 $17.50 2.8% 0.5% 2.8% 59.8% 2014 – 2018 $15.00 2.71% 3.5% 2.71% 62.6% 2010 - 2013 $12.50 2.21% 2.1% 2.21% 61.7%In macroeconomics, we imagine that there is one large labor market. What does that market determine? A. The real wage rate and the quantity of labor employed B. The money wage rate and the price level C. The quantity of labor employed and the price level D. The money wage rate and the quantity of real GDP produced thanks
- When the labour market is in equilibrium, it means that the number of jobs in the economy is equal to the number of people willing and able to work (the labour force). Why it then that there will always be unemployment in the economy, even when the labour market is in equilibrium (even when there is a job for everyone)?” DiscussDistinguish between nominal and real interest rates. Which is more relevant in making investment and R&D decisions? If the nominal interest rate is 12 percent and the inflation rate is 8 percent, what is the real rate of interest?For the Russian Federation data on wages dynamics are available: Indicator 2016 106,5 103,4 2017 108,2 102,1 2018 2019 2020 111,5 97,4 Nominal wages index, % to the previous year Real wages index, % to the previous year Determine growth coefficient of nominal and real wages in 2020 compared to 2016 year Determine average growth coefficient of nominal and real wages for the period 2017-2020. Make a conclusion. 108,8 98.7 110,8 95,8