Answer:
a. The actual unemployment rate was higher during the recession of 1990-1991, but cyclical unemployment was higher in 2001.
Explanation:
Unemployment is defined as the number of people in a population that are willing to work and seeking for jobs but do not have employment.
Natural unemployment is defined as the normal process of leaving jobs and getting jobs in a situation when there is full employment.
Cyclical unemployment is created by recessions and booms.
Actual unemployment = Natural rate + Cyclical rate
Cyclical unemployment= Actual rate - Natural rate
In the first economy
Cyclical rate = 7 - 5.9= 1.1%
In the second economy
Cyclical rate= 6 - 4.8= 1.2%
So actual unemployment was 7% in 1990-1991 while in 2001 it was 6%
Cyclical unemployment was 1.1% in 1990-1991, while cyclical unemployment was 1.2%
Answer:
$1,500
Explanation:
Based on the information given we were told that Eagle fills in the amount of $1,500 instead of the amount of $1,000 which Dan authorize Eagle to fill in which they went ahead to as well negotiates the check payable to First State Bank because Eagle owes First State Bank the amount of $1,500 which means that First State Bank which is an HDC, can enforce the check for the amount of $1,500 which was negotiated by Eagle to First State Bank.
Therefore First State, an HDC, can enforce the check for: $1,500
The interest rate will also increase and firms will want to borrow less for new plants and gear and households will want to borrow less for homebuilding. And in addtion to that interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.
Answer:
The simple rate of return is 37.5%
Explanation:
Simple rate of return is the percentage of return on investment that takes the net annual return cash flow of an investment and compare with initial capital of the investment. It is calculated with this formula:
<u>Total annual return - Depreciation expense</u>
Initial capital outlay
For farmer Joe, the simple rate of return is:
<u>$20,000 + $25,000 + $30,0000 -$0</u> x 100
$200,000
= <u>$75,000</u> x 100
$200,000
= 37.5%
Depreciation expense is assumed to be zero.
