Economic question | Economics homework help

2. In July 2009, in the economy of Sandy Island, 10,000 people were employed, 1,000 were unemployed, and 5,000 were not in the labor force. During August 2009. 80 people lost their Jobs and didn’t look for f new ones, 20 people quit their jobs and retired, 150 unemployed people were hired, 50 people quit the labor force, and 40 people entered the labor force to look for work. Calculate for July 2009


 a. The unemployment rate.


 b. The employment to population ratio


 And calculate for the end of August 2009


 c. The number of people unemployed.


d. The number of people employed.


 e. The unemployment rate.




2. Japan’s real GDP was 525 trillion yen in2009 and 535 trillion yen in 2010. Japan’s population was 127.6 million in 2009 and 127.5 million in 2010. Calculate


a. The economic growth rate,


 b. The growth rate of real GDP per person.


c. The approximate number of years it takes for real GOP pee person in Japan (0 double if the real GDP economic growth rate returns to 3 percent a year and the population growth race is maintained


4.  Chinas real GDP per person was 9,280 yuan’ in 2009 and 10,110 yuan in 2010. India’s real GDP per person was 30,880 rupees in 2009 and 32,160 rupees in 2010.


a. The population of China is growing at 1percent a year and the population of India is growing at l.4 percent a year. Calculate the growth rate of real GDP in each country.

Calculate your essay price
(550 words)

Approximate price: $22

How it Works


It only takes a couple of minutes to fill in your details, select the type of paper you need (essay, term paper, etc.), give us all necessary information regarding your assignment.


Once we receive your request, one of our customer support representatives will contact you within 24 hours with more specific information about how much it'll cost for this particular project.


After receiving payment confirmation via PayPal or credit card – we begin working on your detailed outline, which is based on the requirements given by yourself upon ordering.


Once approved, your order is complete and will be emailed directly to the email address provided before payment was made!