Economics Help

/in /by

In today’s fast-paced academic environment, students often find themselves juggling multiple responsibilities, from attending classes and working part-time jobs to participating in extracurricular activities. The demands of modern education can be overwhelming, leaving students in search of effective solutions to manage their academic workload efficiently. One such solution is the use of Nursingpapertutors.com academic writing website. Nursingpapertutors.com academic writing website employ a cadre of experienced and knowledgeable writers who are well-versed in various academic subjects and writing styles. Nursingpapertutors.com professionals bring a wealth of expertise to the table, enabling them to produce well-researched and well-structured papers that meet the academic standards and expectations of students. Their familiarity with diverse subjects ensures that students can receive assistance across a wide spectrum of disciplines, from mathematics to literature, and from nursing to engineering.

 

Problem Set 1

Complete all questions listed below. Clearly label your answers. 

 

1.      The receipts and year of release of the five movies with the largest nominal box office revenues, along with the CPI data of each year are presented below. Assuming that the receipts for each of the movies were derived during their year of release, convert the receipts for each to real dollars for the year 2010 (2010 CPI 218.1).Put the movies in order from largest to smallest real box office receipts.

Movies

Nominal

Box Office Receipts (millions)

Year Released

CPI in Year Released.

Avatar

$760.50

2009

214.5

Titanic

600.8

1997

160.5

Star Wars

461

1977

60.5

Shrek 2

437.2

2004

188.9

E.T. The Extra-Terrestrial

399.9

1982

96.5

 

2.   Classify each of the following as employed, unemployed, or not in the labor force.

 

a.       Beth is not working; she applied for a job at Wal-Mart last week and is awaiting the result of her application.

b.      Juan is vacationing in Florida during a layoff at General Motors plant due to a model changeover, but he expects to be recalled in a couple of weeks.

c.       Bob was laid off as a carpenter when a construction project was completed. He is looking for work but has been unable to find anything except a $10 per hour job which he turned down.

d.      Jade works 70 hours per week as a homemaker for her family of 6.

e.       Carson, a 17-year-old, works six hours per week as a delivery person for the local newspaper.

f.       Brady works three hours in the mornings at the clinic and for the last two weeks has spent the afternoons looking for a full-time job.

 

3.   Use the following data to calculate (a) the labor force participation rate, (b) the unemployment rate, and (c) the employment/population ratio.

 

Population age 16 and over

15,000

Labor force

7,300

Not currently working

4,500

Employed Full-time

5,000

Employed Part-time

1,100

Unemployed.

1,200
   

 

4.   Consider an economy with the following aggregate demand (AD) and short-run aggregate supply (SRAS) schedules. Decision-makers have previously made decisions anticipating that the price level during the current period will be P105.

 

a.       Indicate the quantity of GDP that will be produced during the period.

b.      Is it a long-run equilibrium level of GDP? Why or why not?

c.       How will the unemployment rate during the current period compare with the natural rate of             unemployment?

d.      Will the current rate of GDP be sustainable into the future? Why or why not?

 

AD

105

Price Level

SRAS 105

6300

90

4500

6000

95

4800

5700

100

5100

5400

105

5400

5100

110

5700

4800

115

6000

 

 

This assignment is due by 11:59 p.m. (ET) on Monday of Module/Week 2.

 

 

One of the significant challenges students face is time management. The demands of coursework, assignments, and exams can create immense pressure, leading to stress and a potential drop in academic performance. Nursingpapertutors.com academic writing website can be a valuable resource for students seeking to balance their responsibilities effectively. By outsourcing some of their academic tasks, students can free up time to focus on studying, participating in meaningful extracurricular activities, or even addressing personal obligations. This improved time management can alleviate the stress associated with academic overload. The ultimate goal of education is to enhance one’s knowledge and skills. Nursingpapertutors.com academic writing websites can play a vital role in achieving this goal by providing students with well-crafted papers that serve as models for their own work. These papers can offer valuable insights into effective research, organization, and writing, thereby empowering students to improve their academic performance over time.

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.