If the labor force of 160 million people is growing by 2.6 percent this year, how many new jobs have to be created each month to keep unemployment from increasing? Instructions: Enter your response as a whole number. New jobs per month: |

If the labor force of 160 million people is growing by 2.6 percent this year, how many new jobs have to be created each month to keep unemployment from increasing? Instructions: Enter your response as a whole number. New jobs per month: |

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter15: Unemployment

Section: Chapter Questions

Problem 4PA

See similar textbooks

Related questions

Q: Suppose that, instead of one man and one woman, the market for this microwave consisted entirely of…

A: The correct answer is given in the second step.

Q: Using examples from 2008-currently, explain fiscal policy. In your answer be sure to include what…

A: Main objective of any economy is stabilisation, economic growth, employment generation and poverty…

Q: What does NAFTA stands for?

A: International trade agreements govern trade between two or more countries. An agreement may cover…

Q: When a group of countries form a Common Currency (such as the Euro), which of the following is NOT…

A: Common currency like Euro has its own advantages and disadvantages. There are a large number of…

Q: Year 1 2 3 4 Cash Flow, $ 250,000 275,000 300,000 325,000 375,000

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Economics 3. A golf tournament pays $80,000 to the player who finishes in 4th place and pays $70,000…

A: The payout ratio is the pace of income paid out to financial backers as distributions.

Q: A] Measurement error in the dependent variable leads to biased OLS estimates? a-Yes, always b No,…

A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…

Q: The United States has a comparative advantage in _-skilled labor. This explains why the U.S. is a…

A: A country is a net importer of a particular good when the import of that particular good exceeds the…

Q: What are the relevance of the state amid globalizations.

A: Globalization also fosters a sense of interdependence, which càn lead to power inequalities between…

Q: 2 movies that shows utilitarianism in decision making

A: Utilitarianism: In this approach, the overall utility of the mass population tried to enhance by…

Q: Number Of Output Workers 1 50 2. 110 3. 300 4 450 590 665 700 725 710 10 705 According to the above…

A: Diminishing returns is that point where Marginal output start decline as input level increases…

Q: A steel pedestrian overpass must either be reinforced or replaced. Reinforcement would cost $25,000…

A: In the given scenario, the steel pedestrian has to either reinforced or replaced. Among…

Q: the effects of domestic and international financial liberalization on the economy in terms of…

A: Financial liberalization refers to measures aiming at decreasing or removing regulatory control of…

Q: A monopolistically competitive firm faces demand given by this equation: q = 50 − 2p. The total…

A: A monopolistically competitive firm produces at MR = MC in order to maximize profit. Demand…

Q: (a) By constructing best response functions, find all pure and mixed strategy Nash equi- libria for…

A: Nash Equilibrium is the method used to define the solution for a non cooperative game where each…

Q: P= 80-Q MC= 20 t 3Q 9=80 be 2/3 c=20 d=/½ MARKET is pere&tly Compehtwe. Find: eaulib. quannny, prce,…

A: Given information P=80-2/3*Q MC=20+1/3*Q a=80 b=2/3 c=20 d=1/3

Q: "Alternative forms of Financial Inflow". Present the topic objectively

A: The "capital flows" of an investment, trade, or company transaction are the transfers of funds.…

Q: Please answer ASAP this is a very short question Before the Civil War, _____, not the U.S.…

A: Before the Civil War US government did not print money.

Q: Reference the cash flows shown below. Pick the best alternative using the ERR method. MARR= 15%. e=…

A: The Economic Rate of Return is defined as the rate calculated from the Cashflow of an investment,…

Q: What is the size of the labor force in the United States in percentage terms of the population?

A: Labor force refers to a people which are either employed or unemployed in the country.The labor…

Q: 1. As a result of U.S. tariffs imposed on wool from New Zealand, the quantity of this wool that is…

A: A tariff is a tax imposed on goods and services imported from another country by one country.Tariffs…

Q: Given the following model; Qd= a-50 P Qs= -100 + 20P

A: Demand function is the function which shows relationship between quantity demanded and price of a…

Q: Consider the cash flow amounts, shown below, for a certain public project. Find the conventional…

A: The benefit-cost ratio (BCR) is a cost-benefit analysis ratio that summarizes the overall connection…

Q: 8. For a certain potential investment project, we have the following estimates: Capital investment I…

A: Given information Initial capital=$100000 Annual revenue=$30000 Annual expenses=$9000 Market…

Q: The following Figure 1 is an edited version of an image discussed during the course. Use it to…

A: Balance of Payment Balance of Payment is a statement of a country that shows the Inflow and Outflow…

Q: (a) Why does an 'external social cost' lead to inefficient overproduction? (b) The table below…

Q: Recently, the economies of North Korea and Norway have begun to grow very rapidly. This increases…

A: Loanable fund theory states that in loanable fund market demand for loanable fund and supply…

Q: 1. A company intends to replace equipment that is no longer able to meet its needs. The two best…

Q: A small business sells T-shirts during the Lasallian Week Festival. It is estimated that the…

A: production cost is the monetary value incurred on Factor of production during process of production…

Q: Explain how governments enact trade policies globally, regionally, and at the national level. What…

A: The government links trade strategies by considering the country's commodities demand and the level…

Q: If the Federal Reserve decides to sell bonds, what effect with it have? It will cause the…

A: Individual fear and greed are common causes of volatility in open markets when left to their own…

Q: What is the Export-Import Bank of the United States? How does it assist U.S. exporters?

A: Exports are goods or services purchased from the domestic market by end users. Imports are defined…

Q: 7) Candice wants to sell two types of chocolate bars, Dark (D) and White (W) to three consumers: A,…

A: Given information 2 goods and 3 consumers

Q: In business forecasting using multiplicative decomposition which data component do you use to…

A: Business forecasting is the practice of making educated assumptions about particular business…

Q: Maria is preparing for a job interview at a local hospital. Based on what you know about…

A: Identifying a decision, acquiring information, and evaluating possible remedies are all steps in the…

Q: a) What is the pure strategy Nash equilibrium outcome if there is one? (solved) b) Is this a…

A: Given, Two Players : Player1 and Player 2Both Players have four strategies : A, B, C and D The game…

Q: TRUE OR FALSE 4. If there is a past estimation error, there is a need to replace the property…

Q: Year Avocado Sliced bread Refer to the above table. The table 2018 $5 $2 provides the prices for…

A: Since you have asked two unrelated questions, we will solve the first question for you. If you want…

Q: What happens in the AD-AS model when the Federal Reserve buys government securities?

A: Federal reserve is responsible for conducting monetary policy in an economy. Open market operation…

Q: drawing on Portes (2022) and Sumption ,Discuss the available tools to address labour shortage…

A: A labor shortage occurs when a sufficient number of adequately competent, qualified, trained, and…

Q: l makes a deposit into her savings account at the local bank with $100 in cash. As a result of…

A: M1 = cash or coins held by public + demand or checkable deposits + traveller checks M2 = M1 +…

Q: Suppose that Annie's real income this year is $150 and next year it will be $100. Assume that the…

A: Incomes Y1=150 and Y2=100 And r=0.1

Q: 2. Competition vs. Monopoly II: The Monopoly Widget Firm 20 30 40 60 Next, suppose that the industry…

Q: What would likely result of the Feds buying bonds be on both

A: The federal reserve operates the monetary policy. It affects the Money supply by buying and selling…

Q: 2019 2020 Year Adult population Number of employed Number of unemployed 2018 2000 3000 3200 1600…

A: Introduction Whitney start taking the bus to work instead of driving due to gas price rising. Now…

Q: Relationship between labor productivity and wages What is the largest component of GDP? Differences…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: The table below shows the quantity demanded and supplied at various wage rates for a competitive…

A: Equilibrium in the labor market occurs where quantity demanded equals quantity supplied of workers.

Q: (c) In a city, the consumer price index in 2015, 2016, and 2017 were 100, 108.5, and 113.5…

A: (C). Consumer price index is the tool or an instrument to measure inflation. It is used to measure…

Q: 3.

A: The outcome of a situation of interactions between persons with competing interests is studied by…

Q: 19 . 11. Excise Tax on Monopoly with Linear Demand and Constant MC A monopoly has the total cost…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Concept explainers

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.

Question

Please answer fast please arjent help please answer fast

If the labor force of 160 million people is growing by 2.6 percent this year, how many new jobs have to be created each month
to keep unemployment from increasing?
Instructions: Enter your response as a whole number.
New jobs per month:

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

What term describes the remaining level of unemployment that occurs even when the economy is healthy?
Would you expect the natural rate of unemployment to be roughly the same in different countries?
The U.S. unemployment rate increased from 4.6 in July 2001 to 5.9 by June 2002. Without studying the subject in any detail, would you expect that a change of this kind is more likely to be due to cyclical unemployment or a change in the natural rate of unemployment? My?
A country with a population of eight million adults has five million employed, 500,000 unemployed, and the rest 0f the adult population is out of the labor force. Whats the unemployment rate? What share of population is in the labor force? Sketch a pie chart that divides the adult population into these three groups.
Many college students graduate from college before they have found a job. When graduates begin to look for a job, they are counted as what category of unemployed?
Between January 2012 and January 2019,U.S. employment increased by 17.3 million workers,but the number of unemployed workers declined byonly 6.3 million. How are these numbers consistentwith each other? Why might one expect a reductionin the number of people counted as unemployed tobe smaller than the increase in the number of peopleemployed?
If the labor force of 160 million people is growing by 1.2 percent this year, how many new jobs have to be created each month to keep unemployment from increasing?
What are two issues with the unemployment rate in any given area?
In a town of 800 people there are 120 children under the age of 16, 76 retired people, 92 people with part -time jobs, 37 full-time students, and 21 people who watched their children fulltime. There were 154 people without work who gave up looking for a job. Everyone else either had a full-time job or was actively searching for one, and the labor force participation rate is 57.6 %. If fthe unemployment rate is 12.5%, what is the number of full-time employed people?
The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people Employed 5805 Unemployed 482 Not in the labor force 591 What is the total labor force? What is the labor force participation rate? %% What is the unemployment rate? %% Suppose 266266 of the 482482 unemployed people have been unemployed for so long that they stop looking for work. What is the new labor force? What is the new labor force participation rate? %% What is the new unemployment rate? %
31. Calculate the unemployment rate
If the labor force of 165 million people is growing by 1.6% this year, how many new jobs have to be created each month to keep unemployment from increasing?