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- The following figure shows the relationship between employment and monthly salary in the periods 1968 to 1984. Copytight o Moraw Educaton. Permsson required for reproduction or dispiay. Employment Monthly Salary ($) 250,000 4,500 230,000 4,000 210,000 190,000 3,500 170,000 150,000 3,000 130,000 2,500 110,000 Wage 90,000 2,000 70,000 Employment 50,000 1,500 1968 1970 1972 1974 1976 1978 1980 1982 1984 Using the labour supply - labour demand model, how can you rationalize the comovement between employment and wage in the period 1968-1976 The labour demand curve shifts to the left There is no way to rationalize the data The labour demand curve shifts to the right The labour supply curve shifts to the right The labour supply curve shifts to the leftUnder what conditions will a form shit down temporarily m? Explain using a diaBelow is a chart showing the Labor Force Participation rate for 15-64 year olds in the U.S. vs. Japan (called the 'Activity Rate' in the OECD data). Based on this chart, answer the questions below: FRED Actvity hate Aged 158 AN Persans r the thot Stanos Actvity RateAged 15 AN Persans for Apar 22 2002 2004 2006 010 2012 20 Sdng areas ndicale US recessioHIS Source Orgazation for Economc Co operaion and Develpment med souisled.org a) How could these trends in thé US & Japanese Labor Force Participation (LFP) rates impact per capita real GDP growth rates in their respective countries (i.e. in the U.S & in Japan)? Are there any factors which could mitigate the impact of these LFP trends on growth? b) What factors are likely to impact the trends in U.S. and Japanese LFP in the next year? Over the next 10 years?
- Only typed answer and please don't use chatgpt Who would be held responsible for an unfavourable labour rate variance caused by the employment of workers with higher-than standard qualifications? a. The marketing manager b. The production manager c. The human resource manager d. The purchasing managerA job seeker is one who is at least 17 years old and looking for a job. O True ColceCan you define workforce participation rate?
- Wage Rate A W O Single Firm ic 5 Employment Multiple Choice O is Oabc. O is OWbc. Wage Rate Se Refer to the diagrams. The profit-maximizing firm's total wage cost is Wab. O Market cannot be determined. D S 500 Employment Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.If the number of employed workers fell to 150 million and the working-age population increased to 300 million, what would the employment-population ratio be? --------- percentage? Typed and correct answer please.The population of Ectenia rs 100 people: 40 workfull-time. 20 work hal f-time but would orefer to workfull-time, 10 are looking for a job. 10 would like towork but are so discouraRed thev have Riven up looking.10 are not interested in working because theyare fu ll-time students. and 10 are retired. What is thenumber of unemoloved?a. 10b. 200 :'10d. 40
- Calculate NNPFC Given NDPFC is $3200 and net factor income from abroad is $5000Given the information in the table, what is the labor force participation rate? Catagory Less than 16 years old Full-time workers Full-time military Part-time workers A. 74.7% OB. 74.3% OC. 63.1% OD. 69.2% Institutionalized Looking for work Retired Number of people (millions) 40 135 1.2 20 14.8 11.5 41.517 The fraction of the variations in WAGE explained by EDUC is ________. a 0.1478 b 0.1848 c 0.2310 d 0.2888