Nobody downloaded yet

Macro5C - Essay Example

Comments (0) Cite this document
Summary
Answer 1: Unemployment refers to people who are eligible and actively searching for jobs yet are unable to find it due to various reasons. Similarly, unemployment rate refers to the people who are currently unemployed as a percentage against the total number of people who are in the economy and willing to work…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.1% of users find it useful
Macro5C
Read TextPreview

Extract of sample "Macro5C"

Download file to see previous pages The continuous failures may have discouraged the workers therefore they stopped looking for jobs ahead and “gave up” the idea of employment. In the above calculation, these people were not included in the unemployed workforce as they are not currently seeking job. However, if the Bureau of Labor statistics decided to include these workers as “Unemployed labor force” then the number of unemployed would go up and therefore the unemployment rate will likely be increased followed by an increase in total workforce, as shown below: Unemployed workforce = 8.4 million + 1.2 million = 9.6 million workers Total workforce = 116.9 + 1.2 = 118.1 Million people New Unemployment Rate = (9.6 / 118.1) * 100 = 0.09129 * 100 = 8.129 % The discouraged workers are not usually taken in to the unemployed workers account as the term “unemployment” directly refers to people who are out of jobs and actively looking for them yet unable to find them, where as discouraged workers are workers who have given up on their search. ...
Answer 3: Unemployment is a vast term used in economics very frequently; unemployment does not only refers to people without jobs due to limited reasons but has more complexities to it that economics defines. There are different kinds of unemployment including frictional, structural, seasonal, classical and cyclical unemployment. Out of all these, for simplicity in theory, economists often use three types of unemployment for explanations of economic phenomena; cyclical unemployment, frictional unemployment and structural unemployment. Frictional Unemployment refers to unemployment that is a temporary condition caused as a result of “looking between jobs”. It’s when an individual leaves one job in search of another and this gap of leaving the job and finding a new job is a temporary period of unemployment known as frictional unemployment. On the other hand, structural unemployment is due to mismatch of skills of the workers; they may become obsolete or not appropriate for the job kind. These two are basic levels of unemployment that would ALWAYS be there in any economy as they are natural and inevitable, so economists don’t really worry about these kinds of unemployment. The major cause of concern for economists is the cyclical unemployment; also known as Demand deficient unemployment. This is caused as a result of lack of aggregate demand in an economy putting downward pressure on the economy and increasing the inflationary gap. This type of unemployment can drive the economy out of working condition if it exists for a long span of time without appropriate government interventions (The great depression of 1930’s may serve as an example for such a case). When economists talk about “Natural Rate of Unemployment” they are reffering to the full ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Macro5C Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Retrieved from https://studentshare.org/environmental-studies/1422842-macro5c
(Macro5C Essay Example | Topics and Well Written Essays - 1250 Words)
https://studentshare.org/environmental-studies/1422842-macro5c.
“Macro5C Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/environmental-studies/1422842-macro5c.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Macro5C

Investment and marketing: answering the questions

...?Questions Part A (50 per cent of the marks) (1000 words) 1a. Using Extract by Linda Whitney and the study materials, briefly outline three regulatory challenges that might arise from the employment of sales staff in the financial services industry. (12 marks) One of the major concerns for independent regulation of the financial services industry relates to the structure of large investment banks, where multiple divisions within the same company structure may have interests with clients that compete or conflict with each other. For example, with Barclays PLC in 2009, 40% of the banks income came from traditional interest bearing loans while 30% came from financial services and 30% came from direct investment gains. (Shipman, 2011, p. 9... Part A (50...
11 Pages(2750 words)Essay

Plato and a More Definitive Understanding of Art and Philosophy

... Section/# Plato and a More Definitive Understanding of Art and Philosophy Within the Plato’s Republic, many definitions are put forward with regards to what can be defined as virtuous, good, and beneficial forms of art and/or artistic expression. Plato bases his argument upon several highly subjective and controversial premises: a) art in the Republic should first be didactic with the purpose of inculcating the virtues of being a good person, b) Those who merely seek the reflections of the forms and not the forms themselves are not artists and c) Most people view illusions as reality; only the artists/philosophers see the light. Naturally, theses statements not only represent a great range of issues, they encourage detractors to focus upon...
5 Pages(1250 words)Essay

Murphy Brown

...MURPHY BROWN'S EPISODE "POLITICALLY INCORRECT" The action taken by the executives of the show "Murphy Brown" for a "politically incorrect" ment made by of one of its co-anchors is an affirmation of the show's recognition of its responsibility to its viewers. If I were in the same situation, I would do the same primarily because I know the power that lies with my being a member of the broadcast media. The concept of political correctness is said to have started in Frankfurt, Germany and was "developed at the Institute for Social Research. (where) a group of thinkers who pulled together to find a solution to the biggest problem facing the implementers of communism in Russia" (Blazquez, 2002). It has caught fire, so to speak, since... BROWN'S EPISODE...
3 Pages(750 words)Book Report/Review

Draftsmans Duty Of Care In The Preparation Of A Will

...The Common Law Development of Rules Covering a Draftsman's Duty of Care in the Preparation of a Will Summary: In this discussion, several cases of English law having implications for draftsman's duties in preparation of a will are highlighted and examined in detail. The draftsman's duties are categorised as errors which he makes in the documents, legal errors due to inadequate knowledge or delays in actual preparation of the will for which he may be held responsible. Solicitors are responsible for proper preparation and execution of the will and in case of legal disputes should be able to guide the clients with the legally available options for better advice to clients. The cases discussed here relate to the draftsman's duties... Common Law Development ...
19 Pages(4750 words)Essay

International Marketing - 3 discussion questions

...Answer Domestic Marketing The domestic market includes all the trade mechanisms within one country, excluding imports and exports or the part of anation’s market that represents the systems of trading securities of entities located within that nation. Hence domestic marketing is the marketing of a domestic product or the promotional campaign of a domestic product. International Marketing Likewise international market is the part of nation’s market that represents the systems of trading securities of entities located outside the nation. Hence international marketing are the marketing activities intended to facilitate the exchange or transfer of goods between nations. Differences One of the differences between domestic marketing... Domestic Marketing...
3 Pages(750 words)Essay

Julias Food Booth case problem

...Performing Linear Programming to Guide Julia Robertson Venture Performing Linear Programming to Guide Julia Robertson Venture Introduction Linear programming is performed in order to develop an optimal relationship among the independent and dependent variables. The process of linear programming is an opposite one from the method of linear regression because the former one is used to determine the level of dependent variable by inputting the values of independents into a linear equation whereas, the latter one allows the user to input the value of dependent in a linear multinomial equation in order to get the corresponding values of independent constructs (Torabi & Hassini, 2008). The human obsession with figures and data has led... Linear Programming ...
4 Pages(1000 words)Essay

Annotated Bibliography

...Annotated Bibliography Abortion College: Annotated Bibliography Abortion Over the history of the world, abortion has been a controversial issue especially when it comes to the matter of legalizing it. As the statistics of abortion show an exponential rate, many countries have remained strongly against legalizing abortion terming it as equivalent to murder. However, it is clear that countries which have legalize abortion for some cases help to save the lives of many females who would have died if the abortion was conducted illegally. This raises a controversy on whether abortion should be legalized for some in which it may have value for saving human life. Weighing the benefits of abortion in the community today, women should be given... Bibliography...
7 Pages(1750 words)Essay

Management during Low Sales Volume

...The Organization and the HR Department What should be done in light of low sales numbers? PAC Resources is a small manufacturing organization which is facing low sales volume during the recent years. Management of this organization is going to take certain initiatives for increasing the amount of sales revenue. The company is reducing some cost factors for increasing operating profit in business. Again management has decided to reduce labor cost within the organization for the cost saving purpose. Reducing labor expenses can save many employees’ job and organization can keep knowledge and talents of long time employees for the purpose of growth in future. It is possible for reducing compensation and benefit provided from the end... Organization and...
2 Pages(500 words)Research Paper

Politics

... Politics: Universal Child Care Both John Locke and Burke give elaborate discussions about universal childcare. Locke argues that when a newborn baby comes into existence, it has a mind that is empty and void like a blank slate. He further illustrates that the empty slate gradually picks various useful objects from the environment that fills it. However, the newborns are not fully empty minded. They have some likes and dislikes as well as their personalities. Locke, therefore, emphasizes that the role of education in the lives of children is to mould their natural tendencies, as well as their minds. As a result, children acquire understanding for which they readily pay a universal submission. Men pay such ready universal submissions... Politics:...
4 Pages(1000 words)Essay

International Marketing and Branding for Hotels

...International Marketing and Branding for Hotels Literature Review Literature Review The International Hotels Group plc Annual Report says that the world hotel industry has approximately 15.5 million rooms. The hotels are broadly segmented as branded where multiple hotels use the same brand name and independent (non-branded) hotels. Branded hotels make up over 53% of the total hotel market. In the US, around 70% of available rooms are in branded hotels. In developing markets such as China and India, branded hotels account for a lower 45% to 55% of total available rooms. The five leading branded hotel companies (IHG, Accor, Hilton, Marriott and Starwood) account for 30% of the branded hotels market and 65% of new hotel rooms in construction... Marketing...
5 Pages(1250 words)Literature review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Macro5C for FREE!

Contact Us