[Solved] Assignment 219487

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Subject: Economics    / General Economics
QuestionPRINCIPLES OF MACROECONOMICSWorksheet Assignment-Cover SheetStudent’s Name: _______________________________________Class: ECON 2301________ Section:_____________________Date:——————Assignment InstructionsBe sure to show all of your work and how you arrived at your answer. Label your diagrams clearly (where applicable). Your work must be typed and submitted electronically (via eCampus). You may complete your work in the space provided in this worksheet. Include the worksheet and cover sheet in your uploaded final workNote: You will receive no score if you fail to adhere to the above instructions.Refer to the link below for info/tutorial on how to submit your work on eCampus. Click on the link or copy and paste the same to your browserhttp://ecampus.support.dcccd.edu/v91/studenttutorials/StudentAssignmentv91/StudentAssignmentv91.htmQuestion 1A. Define and explain unemployment (10 points)20142015Population224227Adult Population168170#Unemployed78# Employed105104B. From the given data above calculate and explain unemployment rates for 2014 and 2015(10 points)Assessment Codes CT, WC, EQSGiven the national income (NI) data below (ALL figures are in billions of dollars) compute:C. National Income (NI)(10 points)National Income dataAMOUNTPersonal consumption $9,269Compensation of Employees (Wages and salaries) $7,489Gross private Domestic Investment $2,212Government purchases of goods and services $2,527Corporate profits $1,616Depreciation $1,576Exports $1,466Imports $2,229Proprietors’ income $1,015Sales taxes $913Interest $509Rent $77Miscellaneous $47Inflation dataYear Price ofBooks $ Quantity of Books Price of Pencils $ Quantity of Pencils Price of Pens $ Quantity of Pens2011 $50 10 1.00 100 $5 1002012 $50 12 1.00 200 $10 502013 $60 12 1.50 250 $20 20The Inflation data above shows the prices and the quantities consumed in a college bookstore. Using 2011 as the base yearCalculate the inflation rate between 2012 and 2013 using the CPI approach.D. Calculate inflation using the GDP deflator index and explain why consumer price index (CPI) overstates inflation when compared to inflation rate determined by using GDP deflator (15points)Assessment Codes CT, WC, EQSQuestion 2.Using data from Bureau of Labor Statistics (BLS) Tables 2 and 3 in the months of August2015 Seasonally Adjusted, compare and contrast Labor force participation rates (LFPR)of four demographic groups: Whites, African –American, Asian and Hispanic.Evaluate and discuss the differences in their LFPR(25 points)Assessment Codes CT, WC, EQSQuestion 3Different societies view unemployment differently. Some view it as asocial ill and others as an economic problem. In 250 words discuss how unemployment is viewed in your culture. Compare and contrast unemployment remedies of your culture with that of any other culture. Cite your work.(30 points)Assessment Codes WC, SR

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