MacroEconomics Problem set 2

   Problem set 2 (chapters 7 & 8)  1) A province after a while a civilian population of 120,000 (all aggravate age 16) has 100,000 occupied and 12,000 unoccupied people. Of the vain, 7,000 are frictionally unoccupied and another 2,000 are structurally vain. On the foundation of this basis, defense the aftercited questions: (pretence your performance for trustworthiness)  a. what is the largeness of the drudge agency?  b. What is the unemployment trounce?  c. What is the original trounce of unemployment for this province?  d. Is this husbanding in recession or annotation? Explain. 2) Visit www.bls.gov and pursuit through the tables on unemployment to defense the aftercited questions a. What is the running common unemployment trounce for the United States?  b. What is the running common unemployment trounce for teenagers?  c. What is the running unemployment trounce for adult women?  3) Consider a province after a while 200 favorite residents, a drudge agency of 170 favorite, and 10 favorite vain. Defense the aftercited questions: (pretence your performance for trustworthiness)  a. What is the drudge agency partnership trounce?  b. What is the unemployment trounce?  c. If 3 favorite of the unoccupied beseem dismay and bung looking for performance, what is the new unemployment trounce?  4) In 1991, the Barenaked Ladies released their hit carol “if I had a Favorite Dollars.” How ample specie would the knot insufficiency in 2017 to own the selfselfsame equality of actual purchasing agency that they did in 1991? Note that the consumer figure abjuration in 1991 was 136.2 and in 2017 it was 244.  Show your performance for trustworthiness.  5) While rooting through the attic you discaggravate a box of old tax forms. You furnish that your grandmother made $75 performanceing part-time during December 1964 when the CPI was 31.3. How ample would you insufficiency to own earned in in July of 2018 to own at lowest as ample actual allowance as your grandmother did in 1964? The CPI for July 2018 was 252.006. Pretence your performance for trustworthiness.