0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How do economists define labor force?
unemployment
What does GDP tell economists about business cycles?
economists follow the country's GDP and other key statistics to predict business cycles.
How can statistics be applied in payroll?
Statistics are applied to payroll in many different ways. The determination of the unemployment rate is found by applying payroll statistics. Without applying statistics to payroll the unemployment rate would not be found.
3 What does GDP tell economists about business cycles?
Economists follow the country's GDP and other key statistics to predict business cycles
What are the unemployment statistics in Jamaica?
11.8 % of the population
Is this a correct parallel sentence According to some economists neither high unemployment nor large deficits will keep the economy from rebounding?
According to some economists, neither high unemployment nor large deficits will keep the economy from rebounding.
How do economist use math?
Economists use math to calculate statistics in sales and business profits. Economists also use math to predict trends in supply and demand.
What has the author Margaret Lewis written?
Margaret Lewis has written: 'Applied statistics for economists' -- subject(s): Statistical models, Statistics, Economics
If inflation falls why would unemployment rise?
When economists look at inflation and unemployment in the short term, they see a rough inverse correlation between the two. When unemployment is high, inflation is low and when inflation is high, unemployment is low. This has presented a problem to regulators who want to limit both. This relationship between inflation and unemployment is the Phillips curve. The short term Phillips curve is a declining one. Fig 2.4.1-Short term Phillips curveThis is a rough estimation of a short-term Phillips curve. As you can see, inflation is inversely related to unemployment. The long-term Phillips curve, however, is different. Economists have noted that in the long run, there seems to be no correlation between inflation and unemployment.
Where can I get information about unemployment?
You can get information about unemployment from your job or the state you live in. When you are writing an essay about unemployment you can find accurate statistics on the subject by going to the library.
What agency calculates unemployment?
U.S. Bureau of Labor Statistics
What has the author Frederick Cecil Mills written?
Frederick Cecil Mills has written: 'Statistical methods applied to economics and business' -- subject(s): Statistics, Economics, Business 'A manual of problems and tables in statistics' -- subject(s): Accessible book, Lending library, Statistics 'Statistical methods ..' -- subject(s): Statistics, Economics, Business 'Contemporary theories of unemployment and of unemployment relief' -- subject(s): Unemployed, Public welfare, Unemployment 'Introduction to statistics' -- subject(s): Statistics
