Answer:
<em>Zero</em>
Explanation:
There are three(3) types of unemployment recognized by economists;
<em>Structural unemployment:</em> This occurs where innovation and technological improvement render workers unemployable because their is a mismatch between the available jobs and the skills possessed by willing workers. For example, the introduction of online classes might reduce the number of teachers needed by a school.
<em>Frictional unemployment:</em> This is used to describe the number of people looking for jobs because they are transiting from one job to another.The addition of the structural and frictional is know as the <em>natural rate of of unemployment.</em>
<em>Cyclical unemployment</em><em>:</em><em> </em>this is caused by fluctuation in real GDP around the potentila GDP. For example, when the real GDP falls significantly for a sustained period of six month. At a time like this, the economy is contracting and it is evident by a negative growth rate in real output, firms do lay off workers because the business climate is not favorable.This is called <em>recession</em>. The cyclical unemployment is the difference between the actual rate of unemployment and natural rate. During recession, the actual is always greater thant the natural; and the balance is cyclical unemployement
<em>Full employment output and cyclical unemployment</em>
The potential GDP is the level of real GDP achieved where an economy has fully employed all of its resources ( land, labour, capital and entrepreneur). It is also called <em>full employment GDP</em>. An economy operating at its potential GDP level will still record some level of unemployment which is known as natural unemployment. And its actual rate of unemployment will be equal to the natural rate.
<em>In other words, at the full employment output level, the actual rate of unemployment is the same the natural rate of unemployement. So there is zero cyclical unemployment rate</em>
The appropriate response is Trialability. Trialability decreases the customer's apparent danger of making a buy of the item. By giving your client a chance to attempt your item before the buy, you are demonstrating your client that you are sufficiently certain in your item to enable them to attempt it before they make a buy.
Answer:
$112,530
Explanation:
Cost Allocated to Building = ($330,000 + $11,000) × [$115,500/($115,500 + $49,000 + $185,500)] = $112,530
Answer:
Explanation:
The journal entries are shown below:
On March 12:
Service fee expense A/c Dr $10,000
To Accounts payable $10,000
(Being purchase of service is recorded)
On March 31:
Accounts payable A/c Dr $10,000
To Cash A/c $10,000
(Being cash payment is made)
Answer:
d. the interest rate will fall.
Explanation:
If the number of people that save money is more than the number of people that demand for investment, then production rate will reduce, and if investment demand is more than savings, production will increase. And if there is an increase in interest rate, consumption rate will fall because spending on consumption will be more expensive and consumer will prefer to save for higher interest rate.
Therefore in situations where there is an increase in saving and the interest rate does not affect the consumption rate, there will be a fall in the interest rate.