Approximately how many people are employed in the federal bureaucracy? O 1 million-1.4 million O 1.5 million -1.7 million O2 million-2.4 million O 2.5 million - 3 million
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Approximately how many people are employed in the federal bureaucracy? O 1 million-1.4 million O 1.5 million -1.7 million O2 million-2.4 million O 2.5 million - 3 million
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- The population of Tunisia was 11.53 million in 2017. The inflation rate in that year was 5.32% in the country. In 2017, the country also had a national debt of $28.22 billion. What was the debt per capita in 20177 O a. $3,555 per person O b.$2,447.5 per person OC $2,679 per person O d. $2,323.5 per personFrom 1970 to 2020, real per capita gross domestic product (GDP) in the United States increased by an average of per year. 1.7% O 5.5% O 2.7% O 6.2% O 4.1%A dozen eggs cost $1.22 in January 1990 and $2.33 in January 2016. The average wage for workers in private industries was $10.02 per hour in January 1990 and $21.33 in January 2016. By what percentage did the price of a dozen eggs rise? 48% 91% 111% By what percentage did the wage rise? O 21% 94% 113% In order to earn enough to buy a dozen eggs, a worker had to work. Workers' purchasing power in terms of eggs minutes in January 1990 and between 1990 and 2016. minutes in January 2016.
- Using the table below and a benchmark year of 1992, what is the output index for 1988? YEAR 1988 1992 1996 0.872 O 0.698 O 1.432 O 1.146 BEET PRODUCTION (TONS) 4,598 6,584 7,548 OUTPUT INDEX 1.00 PRICE OF BEETS ($/TON) $0.557 $0.697 $0.856 PRICE INDEX 1.000360 LRAS SRAS 300 240 180 X 120 60 4 8 12 16 REAL GDP (Trillions of dollars) PRICE LEVEL 0 0 □ a. 4.5% O b. 5% □ c. 8% O d. 2.5% 1-22-22 20 Assume the economies natural rate of unemployment is 4.5% (this is generally what the United States considers normal). What might you suspect the current rate of unemployment to be in the model above? 24Question 25 In 1950, Congress raised the federal minimum wage to seventy-five cents ($0.75) per hour. The CPI in 1950 was equal to 24, and now it is equal to about 240. What would the 1950 minimum wage be equal to in terms of today's dollars? O $7.50 O $5.30 O $4.10 O $3.20
- Stan borrowed $5 000 one year ago. Now he has to repay $5 100. The interest Stan pays is O a. $5 100 O b. 102% O c. $100 O d. 2% O e. $5 000Why do economists classify normal profits as costs? O A normal profit is the amount required to ensure continued supply of the product. O Normal profits have elements of revenue and cost. OA normal profit has to be paid to the IRS. Normal profits cannot be counted as revenue.Fill in the missing portion of the following table and answer the following questions: (Billions) (Negative figures are surpluses) Year 2007 2008 2009 2010 2011 Potential Nominal GDP O248 billion O262 billion O 413 billion O 348 billion 14,449 14,981 15,310 15,647 16.134 Actual Nominal GDP 14,478 14,719 14,419 14,964 15,518 Shortfall in Output -29 262 892 682 616 Tax Rate 25% 25% 25% 25% 25% What was the structural budget deficit in 2008? Actual Budget Deficit (Minus Automatic Stabilizors) 183 413 1,063 877 891 Cyclical Budget Deficit S 66 154 Structural Budget Deficit 190 707 Actual Budgot Deficit % of GDP 1.26% 5.86% 5.74%
- The graph below shows the market for oats. Price per bushel 10 9 8 7 6 LO 5 4 3 2 1 0 15 45 30 75 105 135 120 150 60 90 Quantity per period (in millions of bushels) D Tools S₂ (i)6. It is the law that institutionalized the CARP program* O A. PD No. 27 O B. RA 6389 O C. RA 6657 O D. RA 7881Total Currently employed Not working and Want to work but no population looking for work longer looking for work (millions) (millions) (millions) (millions) 160 80 4 8 In the table above, the number of people officially unemployed is O 80 million O 12 million O 8 million O 4 million
