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    Khai Mai
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    The document contains 3 questions. Question 1 asks about the labor force, participation rate, and unemployment rate of a country with a working age population of 70 million and total population of 100 million, with 5 million unemployed and 45 million employed. Question 2 asks how increasing tariffs, taxing unemployment benefits, spending on retraining programs, indirect taxes, and income taxes would affect the natural rate of unemployment. Question 3 asks to discuss the view that higher education leads to lower unemployment, supporting the view with realistic data.

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    The document contains 3 questions. Question 1 asks about the labor force, participation rate, and unemployment rate of a country with a working age population of 70 million and total population of 100 million, with 5 million unemployed and 45 million employed. Question 2 asks how increasing tariffs, taxing unemployment benefits, spending on retraining programs, indirect taxes, and income taxes would affect the natural rate of unemployment. Question 3 asks to discuss the view that higher education leads to lower unemployment, supporting the view with realistic data.

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    6 views1 page

    Untitled

    Uploaded by

    Khai Mai
    The document contains 3 questions. Question 1 asks about the labor force, participation rate, and unemployment rate of a country with a working age population of 70 million and total population of 100 million, with 5 million unemployed and 45 million employed. Question 2 asks how increasing tariffs, taxing unemployment benefits, spending on retraining programs, indirect taxes, and income taxes would affect the natural rate of unemployment. Question 3 asks to discuss the view that higher education leads to lower unemployment, supporting the view with realistic data.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Question 1.

    A country has a working age population of 70 million, a total population of 100


    million, unemployment of 5 million, and employment of 45 million.
    (a) What is its labor force?
    (b) What is its participation rate?
    (c) What is the participation rate as a proportion of the working-age population?
    (d) What is its unemployment rate?
    Question 2.
    How do the following affect the natural rate of unemployment:
    (a) an increase in tariffs on imported goods
    (b) making unemployment benefits taxable
    (c) more expenditure on retraining programs for the unemployed
    (d) increases in indirect taxes on product prices
    (e) increases in income tax on labor income
    Question 3.
    Discuss about the view that the higher the education, the lower the unemployment
    rate. (including realistic data to support your view answer)

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