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The Employment data for the United States’ economy is: Population 16 years of age and older: 250,000,000 Participation R

Posted: Mon Apr 18, 2022 9:19 am
by answerhappygod
The Employment data for the United States’ economy is:
Population 16 years of age and older: 250,000,000
Participation Rate: 60%
Number of People actively seeking work: 12,000,000
Number of Discouraged Workers: 300,000
Full-Employment unemployment rate: 4.0%
Additional Economic Data:
Target Inflation Rate: 2.0%
Current Inflation Rate: 1.8%
Gross Domestic Product has been growing at about 2.6% annually
for the last 5 years but growth has slowed to 0% in the last two
months.
What problem(s) is the economy facing? Explain and
Show Calculations
Is the problem (or problems) you identified in Question 1
serious enough that Government should take
action? Explain
If Government did take action using taxes as the tool, how
should taxes be changed? Explain the changes in taxes
as well as the impact the changes would have on the problem you
identified in Question 1.
If Government did take action using government spending as the
tool, how should spending change? Explain the changes
in spending as well as the impact the changes would have on the
problem you identified in Question 1.
Would a change in taxes or a change in spending be the more
effective tool to use to solve the
problem? Explain
What could cause the policy to be less effective than
anticipated? Explain