Hi there!
The answer is A) A lack of labor mobility as people choose to remain in their hometown.
Unemployment is a complex issue, here are the reasons why the other options increase unemployment:
-Reduction in Union bargaining activities would increase unemployment because employers wouldn't have as many restrictions to reduce their workforce.
-Reduction in economic activity due to a recession would increase unemployment as the demand for products, and for workers too, will decrease.
-The existence of efficiency wages causes unemployment because the demand for labor will decrease, as employees get more and more efficient.
<span>A lack of labor mobility as people choose to remain in their hometown will not contribute to a higher level of unemployment. Instead, labor mobility can increase unemployment because there would be an oversupply of labor in a specific region. </span>
Answer:
Present value
Future value
Explanation:
Present value is the value of cashflows discounted at interest rate at arrive at its value today.
Future value is the value of cashflows discounted at interest rate at arrive at its value at some given time in the future.
I hope my answer helps you
Answer:
b) 2 only
Explanation:
The Social Security Act set up the Old Age and Survivors Insurance Trust Fund (OASI), from which retired individuals receive their payments. These benefits are subject to taxes, and can be withheld if a debt is incurred or an over-payment occurs.
Answer:
GDP gap = -2 %
GDP gap = 2%
Explanation:
given data
potential output = 100 trillion
natural rate unemployment = 4 percent
solution
we know as per the Okun's law
the GDP gap will be = -2% ( for every 1% )
the actual unemployment rate exceeds its natural rate
so here if actual unemployment rate = 5 %
GDP gap will be
GDP = ( 5% - 4% ) × -2
GDP gap = -2 %
and
when actual unemployment rate = 3%
so GDP will be
GDP gap = ( 3% - 4% ) × -2
GDP gap = 2%
Answer:
$15
Explanation:
The formula for calumniating compound interest is as below
A= P x ( 1 + r) ^1
For this case
A= Amount after one year
P = principal: $500
r= Interest rate 3% or 0.03
n = time in years: 1
A= $500 x ( 1 + 0.03) ^ 1
A = $500 x(1.03)
A= $500 x 1.03
A =$515
The interest missed is the future value - amount collected after one year.
=$515- $500
=$15
