assignment #2

assignment #2 - Yujie Li 880569410 Assignment #2 1....

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Yujie Li 880569410 Assignment #2 1. Calculate the labor force, unemployment rate, and the labor force participation rate from the following data: Population = 198 million people, Under 16 = 38 million, Not in labor force = 23 million and looking for work = 9 million A: labor force: 198 million – 38 million – 23 million = 137 million Umemployment rate: (9million/137million) x 100 = 6.57% LFPR: [137 million/(198 million – 38 million)] x 100 = 85.6% 2. Calculate Gross Domestic Product, Net Domestic Product, National Income, Personal Income, and disposable income from the following data: consumption expenditures = $4,300million government expenditures = $1,450 million personal income taxes = $489million investment expenditures = $1,235 million property taxes = $387 million sales taxes = $4189 million, export expenditures = $380million Depreciations = $485 million payroll taxes = $89 million indirect business taxes = $59 million import expenditures = $430 million net income made abroad by Amecricans = $19 million
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This note was uploaded on 02/24/2009 for the course ECON 1 taught by Professor Macroeconomics during the Summer '08 term at Mt. SAC.

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assignment #2 - Yujie Li 880569410 Assignment #2 1....

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