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Alecsey [184]
3 years ago
10

The natural rate of unemployment is the: Question 10 options: a) full-employment unemployment rate. b) unemployment rate experie

nced by the most-skilled workers in the economy. c) unemployment rate experienced by the least-skilled workers in the economy. d) unemployment rate experienced at the depth of a depression.
Business
1 answer:
kiruha [24]3 years ago
8 0

Answer:

c) Unemployment rate experienced by the least-skilled workers in the economy.

Explanation:

The natural rate of unemployment is the sum of frictional unemployment and structural unemployment that still remains when the economy is at full employment.

This means that even in a economy that is running at full force, there will still be some people left behind in the labor force.

These are people either in frictional unemployment because they are in between jobs, or people in structural unemployment because their skills are lagging behind and cannot be employed in the current economy unless the acquired a new skillset.

Therefore, the natural rate of unemployment is the one that is experienced by the least-skilled workers in an economy.

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2) Economic Growth: Use the PPF from above to illustrate the effects of saving and investment upon national GDP. Use a PPF to sh
Inessa [10]

Answer and Explanation:

Economic Growth can be defined as an increment in production capacity of an economy using all its available resources. The PPF illustrates the largest possible quantity of goods and services a nation can produce base on its available resources. An outward shift in the economy’s production possibility frontier (PPF) depicts  a raise in productive capacity of an economy.  An outward shift implies that an economy has capacity to  increase its production outputs. This can be as a result of   the economy employing new technology, allowing specialization, increasing its labour force, using new production approaches etc. Likewise, an inward shifting PPF implies an economy has witness a loss or exhaustion of some of its scarce resources and it will culminate into reduction in an economy’s productive potential.

Effects of saving and investment upon national GDP

level of savings direct related to the level of investment, investment feeds on available finance from saving. If more people save, the banks will be able  to lend more to firms to support their investments.

low savings and investment implies a PPF inward shift. low savings  in economy implies that the economy is opting for short-term consumption over long-term investment, and this will lead to future undue pressure on available infrastructures ad resources.

spending  on consumer goods vs capital goods effect on the economy

In the short run, the economy must prefer using available resources to produce capital rather than consumer goods. Standards of living will be affected, as private consumption will have access to fewer resources. However, in the longer run, the raised production of capital goods will boost  the production of more consumer goods ad therefore standards of living will experience more increase than they would have witness if the economy had spent most of its income on consumer goods.

6 0
3 years ago
On which group will a progressive tax place a greater tax burden?
Furkat [3]
Poor citizens will be greatly affected by a increase in taxes,nobody takes into account there day to day living,rent,utilities,food and that's just to name a few.
5 0
3 years ago
Read 2 more answers
Which of the following is NOT an example of using the right
Tamiku [17]

Answer:

i feel like the last one

Explanation:

it seems the best one to pick

8 0
2 years ago
In most high-tech industries, the fixed costs of developing a product are very _____, and the costs of producing one extra unit
topjm [15]

Answer:

Fixed costs are high, variable costs are low

Explanation:

The reason is that the fixed costs are high because these fixed costs are uncontrollable and their might not be an alternative which means we have to move with higher fixed costs. And this is because most of tasks in manufacturing are handled by the machines not humans. So the cost of maintenance, depreciation, etc are fixed costs which are uncontrollable.

Furthermore, the company has very small variable costs because the company enjoys economies of scales, fast paced manufacturing machines, etc. And this is controllable by investments in another more robust machinery.

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3 years ago
An increase in the demand for peanut butter could be caused by a(n)
Serggg [28]
I’d say D because its being demanded more of
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