Question
(Mid Term, Marks = 3, Lesson No. )
This is hypothetical data taken from the economy of Korea for December 2000:
Labor force = 247,574,00
Employment = 205,777,00
Calculate the unemployment rate for the month.
Answer:
Question
(Mid Term, Marks = 3, Lesson No. )
Explain any three ways by which government policy affects frictional unemployment.
Answer:
Question
(Mid Term, Marks = 5, Lesson No. )
Ahmad buys stock of PIA at Rs. 20,000 on 01-01-2003 and sold at Rs. 25,000 on 31-12-2003.
a) What is the nominal capital gain (in percentage) from this investment?
b) If inflation rate is 20% in 2003, what is the real capital gain?
Answer:
Question
(Mid Term, Marks = 5, Lesson No. )
What will be the effect of the following changes on the unemployment rate, wages, and waiting time?
a) An increase in union membership
b) A decrease in the minimum wage.
Answer:
Question
(Mid Term, Marks = 5, Lesson No. )
INTERPRET all the points in this figure.
Answer: