Economics Assignment

Eco202: Assignment 1Estimated Due date: Oct. 9, 2012 by 5 p.m. Problems and Applications Ch2: #3, 4, 7, 9bor special question: Go to striking http://www.censtatd.gov.hk/hong_kong_statistics/statistics_by_subject/index.jsp?subjectID=2&charsetID=1&displayMode=T Use the data from link in a higher place to head (if the variable has been given, show the steps how to calculate it) * the labour string * the number of people non in the childbed might * the labor force participation regularize * the unemployment rate motor absorb=Employed persons + Underemployed persons + Unemployed persons In 5/2012 - 7/2012, undertaking military = 3,675,700+128,500=3,804,200(people) In 6/2012 - 8/2012, grasp storm = 3,671,300+131,600=3,803,000(people) The number of people not in the labor force=(Labor Force / Labor Force Participation rove x speed of light%) - Labor Force In 5/2012 - 7/2012, 3,804,200 / 60.9% x 100% - 3,804, 200 = 2,442,434 (people)_ In 6/2012 - 8/2012, 3,803,000 / 60.8% x 100% - 3,803,000 = 2,451,934 (people) The labor force participation rate = Labor Force / Total macrocosm In 5/2012 - 7/2012, 3,804,200 / 6,246,633 = 60.9% In 6/2012 - 8/2012, 3,803,000 / 6,254,934 = 60.

8% The unemployment rate = Total unemployment people / Labor force x 100% In 5/2012 - 7/2012, 128,500 / 3,804,200 x 100% = 3.378% In 6/2012 - 8/2012, 131,600 / 3,803,000 x 100% = 3.460% Ch 3: # 3 a, b; 8, 9 a, b; 10 ______________________________________________________________- Questions argon attached. Chapter 2 3. Suppose a woman marries her pantryman. afterwards they are married, her husband continue s to wait on her as before, and she continue! s to harbour him as before (but as a husband kind of than as an employee). How does the marriage affect gross domestic product? How should it affect GDP? crying(a) domestic product (GDP) is the market value of all formally recognized final goods and services produced within a unhurt ground in a given period. Before their marriage, a butler was provided service...If you want to get a full essay, regularise it on our website: OrderEssay.net

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