ECON 201 SEU Labor Participation Rate and Unemployment Rate Discussion

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Kingdom of Saudi Arabia
Ministry of Education
Saudi Electronic University
College of Administrative and Financial Sciences
Assignment 3
ECON201 (1st Term 2021-2022)
Deadline: 02/12/2021 @ 23:59
Course Name: Macroeconomics
Student’s Name:
Course Code: ECON201
Student’s ID Number:
Semester: I
CRN:
Academic Year: 1442/1443 H, 1st Term
For Instructor’s Use only
Instructor’s Name:
Students’ Grade:
/5
Level of Marks: High/Middle/Low
Instructions – PLEASE READ THEM CAREFULLY
•
•
This assignment is an individual assignment.
Due date for Assignment 3 is 2nd December 2021
•
The Assignment must be submitted only in WORD format via allocated folder.
•
Assignments submitted through email will not be accepted.
•
Students are advised to make their work clear and well presented, marks may be
reduced for poor presentation. This includes filling your information on the cover
page.
•
Students must mention question number clearly in their answer.
•
Late submission will NOT be accepted.
•
Avoid plagiarism, the work should be in your own words, copying from students
or other resources without proper referencing will result in ZERO marks. No
exceptions.
•
All answered must be typed using Times New Roman (size 12, double-spaced)
font. No pictures containing text will be accepted and will be considered
plagiarism).
Submissions without this cover page will NOT be accepted.
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Kingdom of Saudi Arabia
Ministry of Education
Saudi Electronic University
College of Administrative and Financial Sciences
Assignment Purposes/Learning Outcomes:
After completion of Assignment-3 students will able to understand the
LO 1.2: Describe how to evaluate macroeconomic conditions such as unemployment, inflation,
and growth.
LO 1.3: Recognize the fundamental determinant’s of a nation’s long-run economic growth.
Assignment 3 Questions: Week 10 to Week 13: – [5 Marks]
Q1: You take $1000 that you held as currency and put it into the banking system. The
reserve ratio is equal to 10%.
[1.5 Marks]
1) Calculate the money multiplier.
2) By how much will increase the total amount of deposits in the banking system?
3) By how much will increase the money supply?
Q2. (Labor Force, Labor Participation Rate and Unemployment Rate).
[1.5 Marks]
1) In Year 1, country A has a labor force of 100, of whom 90 are employed. The
remaining 50 people in the country are not in the labor force.
Calculate the employment ratio, the labor participation rate and unemployment rate.
Over the course of the year, 10% of the employed become unemployed, while 20%
of the unemployed become employed; 5% of the employed leave the labor force,
while 4% of those not in the labor force become employed. The population remains
unchanged.
2) Fill in the following table. (Hint: It might be helpful to draw the flow diagram
before answering.)
Population
Labor Force
Employed
Unemployed
In Year 1
150
100
In Year 2
150
Kingdom of Saudi Arabia
Ministry of Education
Saudi Electronic University
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College of Administrative and Financial Sciences
3)
Calculate the employment ratio, the labor participation rate and unemployment
rate. (Fractions suffice.)
Q3. Assume that a bank has on its asset side reserves of 1000 and loans of 6000 and on
its liability side deposits of 7000. Assume that the required reserve ratio is 10
percent.
[2 Marks]
1) How much is the bank required to hold as reserves given its deposits of 7000?
2) How much are its excess reserves?
3) By how much can the bank increase its loans?
Answer:

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Tags:
Unemployment Rate

labor force

labor participation rate

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