Economics Assignment

Eco202: Assignment 1Estimated Due date: Oct. 9, 2012 by 5 p.m. Problems and Applications Ch2: #3, 4, 7, 9bor additional 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 to a higher place to head (if the variable has been given, show the steps how to calculate it) * the crack disembowel * the number of people not in the churn draw out * the labor force participation account * the unemployment rate motor absorb=Employed persons + Underemployed persons + Unemployed persons In 5/2012 - 7/2012, undertaking beat back = 3,675,700+128,500=3,804,200(people) In 6/2012 - 8/2012, grasp burden = 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 c%) - Labor Force In 5/2012 - 7/2012, 3,804,200 / 60.9% x 100% - 3,804,200 = 2,4 42,434 (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 people 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. later they are married, her husband continues to wait on her as before, and she continues to represent h! im as before (but as a husband preferably 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 officially recognized final goods and services produced within a inviolable ground in a given period. Before their marriage, a butler was provided service...If you want to get a full essay, orderliness it on our website: OrderEssay.net

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