Question Details

[solution] » hi, i have a couple of macroeconomics questions i need help with

Brief item decscription

Step-by-step solution file


Item details:

hi, i have a couple of macroeconomics questions i need help with
More:

hi, i have a couple of macroeconomics questions i need help with 


Macro1 (ECON1010), 2sem 2016

 


 

MACRO1 (ECON1010) Assignment 1

 

(Chapter 28, 26&27)

 

Submit online at the ?Assessment Task? in Blackboard

 

Due: 11:59PM on 11 Sep (Sunday)

 

Tutorial Time and Day: _______________________________________________________________________________________________

 

Student Name: ________________________________________________________________________________________________________

 

Student ID: _____________________________________________________________________________________________________________

 

This assignment covers the following topics:

 

Unemployment (Chapter 28)

 

Productivity and Growth (Chapter 26)

 

Saving, Investment and Financial System (Chapter 27)

 


 

READ THE FOLLOWING FIRST (Very Important)

 


 


 


 

This assignment contributes to 20% of the overall marks for the course.

 

Only a single attempt of submission permitted (hence, please ensure to attach the file version of

 

the assignment)

 


 


 


 

Use this Word template only for your submission (i.e., write down your answers in the space

 

provided in each question and submit) ? any other form of the file is NOT accepted (Failing to

 

do so will automatically mean zero mark for this task).

 

If you do not have a word processor installed in your home computer, follow this link and in

 

?APPS? you can use a Microsoft word processor;

 

http://www1.rmit.edu.au/students/mydesktop

 


 


 


 


 


 


 


 


 

The recommended browsers when uploading the file are Chrome, Firefox or Explorer (some have

 

suggested that Safari might not work well).

 

The font size has to be at least 12.

 

Explain your answers, but be succinct.

 

Label each axis and explain the diagram that you use carefully (if any).

 

Show all of your working in order to get partial credits.

 


 


 


 

Please ensure to attach the final version of the assignment.

 


 


 


 

After the due date any late submission will be marked as ?late?. A penalty of 10% of the allocated

 

marks (i.e., 2 marks) per day will apply for late submissions.

 


 


 


 

A failure of your home computer (or any kind of the IT problem) cannot be a reason for the

 

late submission (all requests for an extension of this nature will be rejected immediately).

 


 


 


 

Make sure you have included your student ID and name in the front page of the assignment

 


 


 


 

Working with other fellow students is strongly encouraged. However, you cannot just copy your

 

friend?s answers. If we find out this, you will be harshly punished for the academic plagiarism. See

 

??students responsibilities? at RMIT?s policy on this:

 


 


 


 

http://www1.rmit.edu.au/browse;ID=sg4yfqzod48g1

 


 


 


 

Page 1 of 5

 


 

Macro1 (ECON1010), 2sem 2016

 


 

Page 2 of 5

 


 

Macro1 (ECON1010), 2sem 2016

 

Short Answer Questions:

 

1. In the Labour Force Survey (LFS), someone who only works as little as one hour per week is defined

 

as employed. What implication does this have for the accuracy of the unemployment rate statistic as

 

a measure of true unemployment? Explain your answer (2 marks)

 


 

2. What may be the reasons for paying ?efficiency wages? and what effects should it have on firms and

 

workers? (2 marks)

 


 

3. Consider the following labour market data and compute the followings (where relevant, show it to

 

two decimal points).

 

Adult Population

 

Not in Labour Force

 

Unemployed

 

Employed

 


 

100

 

20

 

15

 

65

 


 

i) Calculate the labour force (1 mark)

 

ii) Calculate the percentage of people not in the labour force (1 mark)

 

iii) Calculate the rate of unemployment (1 mark)

 

iv) Calculate the labour force participation rate. (1 mark)

 


 

Page 3 of 5

 


 

Macro1 (ECON1010), 2sem 2016

 

4. Do you agree with the following statement? Explain your answer:

 

?The participation rate usually increases during recessions such as the global financial crisis in 2008.

 

This is because the probability of finding a (better paid) job decreases?. (2 marks)

 


 

5. Go to www.gapminder.org/world. In the graph shown for Y (vertical) axis select: ?Child mortality (05 years dying per 1,000 born)? and for X (horizontal) axis select ?time?. From a list of the countries

 

on the right-hand side bar, select Singapore, Sweden, and Venezuela. Then, Adjust time slider on the

 

bottom to year 1880, and then press play (no need to copy the graph here, but if you can past it here,

 

that?s great!):

 


 

a. Describe the data you observe, contrasting the outcomes in the three countries. (2 marks)

 


 

b. Try to provide brief explanations for these outcomes. (2 marks)

 


 

c. What is your prediction about how future outcomes will evolve in these countries? (2 marks)

 


 

a.

 

Page 4 of 5

 


 

Macro1 (ECON1010), 2sem 2016

 

6. Go to: http://en.wikipedia.org/wiki/List_of_countries_by_public_debt.

 

Look at the table of countries and report any interesting or surprising observations you have made.

 

Your discussion should be more than half a page in length. (4 marks)

 


 

Page 5 of 5

 


 

 







About this question:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Feb 21, 2020

PRICE: $24

Solution~000385056.zip (18.37 KB)

Buy this answer for only: $24

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.
SiteLock

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now