Unemployment and inflation are marcoeconomic problems that are most often discussed in the media and political campaigns.The unemployment rate are the important problem in the short run ,long-run success of an economy is the best judged by its ability to generate high levels of real GDP per person.The unemployment rate is the percentage of the labor force that is unemployed.The labor force is the sum of employed and unemployed .The calculation of unemployment rate equal to number of unemployed divided
action should be placed immediately. The normal rates should be 2-3% for inflation and real GDP and 5% for unemployment. In this particular situation unemployment is 12.5%, GDP is 13%, and inflation is 9%. With this information we had to decide what policy we want to put in action, either monetary, or fiscal. With the monetary policy, we would only be changing the inflation rate. There are three ways in which we can change the rate. These would be open market operations,
Unemployment is defined as any person who is of working age (aged 16-64), who is currently looking for a job, but cannot find one. In developing countries, unemployment is of chronic and long-term nature. There are four types of unemployment, namely: Structural unemployment, Frictional unemployment, cyclical unemployment and Seasonal unemployment. The characteristics of unemployment would include the following: 1. Lack of skills: This is a large portion of unemployment in South Africa. Majority
as a whole. It occurs when critical factors of production are being fully utilized but supply cannot expand further to meet new levels of demand. b) Cost-push inflation occurs when price levels increase due to the rising cost of inputs. There are three factors that could contribute to cost-push inflation: rising wages, an increase in taxes, and imported inflation. (3) Inflation can be caused by many different
Written Assignment) “Governments should play active roles in managing short-run instability in the economy caused by unemployment and inflation problems.” Do you agree with the above statement? Please explain your view. Governments should play active roles in managing short-run instability in the economy caused by unemployment and inflation problems. Unemployment Unemployment is the state where people are unemployed. This happens when there are new or re-entrant in the workforce or people who
The most segregated communities in terms of unemployment are not the same as those most segregated in terms of occupation or educational qualifications. • In terms of unemployment, segregation has been declining over the past 20 years, yet segregation was and still is deeply concentrated in the older industrial areas. • In terms of occupation, segregation is more concentrated here than in unemployment. Patterns of segregation and deficiency depend on a complex set of inter-related
Frederick Douglas once quoted “Where justice is denied, where poverty is enforced, where ignorance prevails, and where any one class is made to feel that society is an organized conspiracy to oppress, rob and degrade them, neither persons nor property will be safe.” The reason I chosen, Nickeled and Dimed is because this play relates to everybody who work at a minimum wage job. Throughout, the play Barbara Ehrenreich had tried working different minimum wage jobs and in different cities to make a
TRAINING Key words Vocational education and training, skills development, policy evaluation, 1. INTRODUCTION The youth unemployment is a big challenge in South Africa and in many countries across the continent and the world. One of the factors that are contributing negatively on the youth unemployment is the lack of skills and experience. The high number of youth unemployment in South Africa continues to be a huge problem even after the establishment of the Department Of Higher Education And Training
Despite popular belief, entertainment such as novels and television are often not just “fiction.” Fiction, such as novels, often mirror events that have happened in life whether its wars, eras, or time periods. Novels, and to an extent films, are analyzed and discussed in detail. Some novels deal with heavy issues; human rights and controversial topics are more often analyzed and criticized. Of Mice and Men – a novel written during the Great Depression – deals with labor during that time period
1. Introduction “Planning is a process whereby a direction is set forth and then the ways and means for the following that direction are specified. There are many forms of planning with several types of activities involved in this process” (Chang, 2006, p. 3). Educational planning, as in every planning, has a huge importance to support education success and to ensure qualified outcomes that meet the needs of the students and society as well. Coombs (1970, p.14) defines educational planning as follows: