unemployment rate formula
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unemployed / labor force (100)
example:
unemployed: 8,705
employed: 148,297
formula:
, 8,,705 + 148,297 =
8,,002 (100) = 0.0554
answer: about 5.54%
U-6 Unemployment
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Unemployed + Involved Part Time + Marginally Attached / Labor Force +
Marginally Attached
Historically (debts/deficits contexts)
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going to go close to 200% after our lifetime
world war ii was the highest for a while until recent years
Redistributive Effects of Inflation
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, 1. Price Effect
-people experience different personal inflations depending on their
consumption basket and the prices of the goods they buy
-what do you buy?
Example: someone drives their car, gas prices inflation will effect them. if
they don't drive, gas prices will not effect them
2. Income effect:
-if a person's nominal income rises more slowly than inflation, they end up
with fewer goods and services (lower real income)
Example: you receive $2000 a month, but with inflation, you will get less
goods because your nominal income is rising slowly while inflation keeps
increasing. Effects different people differently depending where they get
their income from.
3. Wealth Effect:
-people who have assets that are declining in real value end up with less
real value
-deflation and debtors (housing mortgage)
-what do you owe and/or own?
Example: you own a home, and as housing becomes more expensive, you
have more real value.
Debts + inflation: debt decreases. (opposites)
Debts + deflation: debt increases. (opposites).
Hans Rosling
Give this one a try later!
looks over time at 200 countries
Marginally Attached
Give this one a try later!
unemployed / labor force (100)
example:
unemployed: 8,705
employed: 148,297
formula:
, 8,,705 + 148,297 =
8,,002 (100) = 0.0554
answer: about 5.54%
U-6 Unemployment
Give this one a try later!
Unemployed + Involved Part Time + Marginally Attached / Labor Force +
Marginally Attached
Historically (debts/deficits contexts)
Give this one a try later!
going to go close to 200% after our lifetime
world war ii was the highest for a while until recent years
Redistributive Effects of Inflation
Give this one a try later!
, 1. Price Effect
-people experience different personal inflations depending on their
consumption basket and the prices of the goods they buy
-what do you buy?
Example: someone drives their car, gas prices inflation will effect them. if
they don't drive, gas prices will not effect them
2. Income effect:
-if a person's nominal income rises more slowly than inflation, they end up
with fewer goods and services (lower real income)
Example: you receive $2000 a month, but with inflation, you will get less
goods because your nominal income is rising slowly while inflation keeps
increasing. Effects different people differently depending where they get
their income from.
3. Wealth Effect:
-people who have assets that are declining in real value end up with less
real value
-deflation and debtors (housing mortgage)
-what do you owe and/or own?
Example: you own a home, and as housing becomes more expensive, you
have more real value.
Debts + inflation: debt decreases. (opposites)
Debts + deflation: debt increases. (opposites).
Hans Rosling
Give this one a try later!
looks over time at 200 countries
Marginally Attached
