The paper should be written in APA style Research Paper format.

Please note that Use of APA Citation Methodology is required for all parts of the assignment

Data exercise #2 Consists of three parts

Part 1: The Unemployment Rate (weight 30% of the assignment grade)

Complete the following exercise

Visit the Bureau of Labor Statistics Web Site,

www.bls.gov/news.release/empsit.toc.htm . Select Employment Situation Summary.

Write a report (1-2 pages double – spaced) to answer the questions:

1. What month (and year) is summarized? What was the unemployment rate for that month? How does that rate compare with the rate in the previous month?
2. What were the unemployment rates for adult women, teenagers, blacks, Hispanics, and whites? How did these rates compare with those a month earlier?
3. What factors make it difficult to determine the unemployment rate? 
4. Why is unemployment an economic problem?
5. What are the non-economic effects of unemployment?
6. Who loses from unemployment? 

Part 2: The Inflation Rate (weight 30% of the assignment grade)

Complete the following exercise:

Visit the Bureau of Labor Statistics Web Site,

www.bls.gov/news.release/cpi.toc.htm . Select Consumer Price Index Summary.

Write a report (1-2 pages double – spaced) to answer the questions:

1. What month (and year) is summarized? What was CPI-U for that month?
2. What was the rate of inflation (percentage change in the CPI-U) for the month? How does that rate of inflation compare with the rate in the previous month?
3. Which two categories of goods or services had the greatest price increase for the month?
4. Which two categories of goods or services had the lowest price increase (or greatest price decrease) for the month?
5. Who loses from inflation? 
6. Who benefits from inflation?

Part 3: Unemployment Data by Labor Force Groups and Duration (40% of the project grade)

Go to https://www.whitehouse.gov/administration/eop/cea/economic-report-of-the-President/2016

– the home page of the Economic Report of the President.

Scroll down and Click on the link download as pdf.

This link is located below Appendix B: Statistical Tables Relating to Income, Employment, and Production.

1. Find unemployment data (Table B–12.—Civilian unemployment rate) for the following four years 1995, 2000, 2005, and the last available year. Use four labor force groups: males, and females, in each case 16 to 19 years of age, versus 20 years of age or over. Present the result in your project as a table.
2. Use the Economic Report of the President (Table B–13.—Unemployment by duration and reason) to find data on the duration of unemployment in 1995, 2000, 2005, and the last available year. Present the result in your project as a table.

Write a report (1-2 pages double-spaced) about the results you received.

 In this paper consider, but do not be limited to the following:

• Compare the distribution of unemployment by duration over these years. What relationship, if any, do you find?
• Starting in the early 1990s many U.S. firms downsized their operations. In your opinion, how did this affect the duration of unemployment?
• Demographic studies show that the proportion of teenagers and minorities in the U.S. population is likely to increase in the near future. In your opinion, what implications, if any, will this trend have on the unemployment rate?

Macroeconomics

Submit answers to all the following questions. Be sure to explain your reasoning clearly and fully and use diagrams where appropriate. The questions are applied and analytical. They can only be answered by the student having knowledge of macroeconomic principles.
Students should note that this learning task must be an individual piece of work. That is, it must be the creation of the person submitting it.

1. Consider a macroeconomy was initially at equilibrium level of real GDP. Using an aggregate demand and aggregate supply diagram or model of the economy, graphically illustrate and discuss the short-run and long-run effects of the following events upon the economy:

(a) A political election campaign is held.
(b) There is an increase in spending on infrastructure.
(c) An increase in international economic turbulence.
(d) A depreciation in the foreign exchange rate value of the economy’s currency.
(e) A fall of business confidence within the economy
(f) The country’s main exports rise in price while the goods the country imports fall in price ie its terms of trade improves in the country’ favour (3 marks)

2. Collect an article from an Australian newspaper that relates to the current Australian macro economy. In a paragraph indicate which section of the course it applies to, why you selected the article and provide a brief summary of what the article is actually about (1 mark)

3. Many people find the current unemployment figures for Australia at 5.5% unbelievable. Why is this? Why might the official statistics be inaccurate? (1 mark)

4. Using the simple Keynesian model to assess the implications for equilibrium GDP and the level of savings of an increase in the savings function. What eventually happens to the level of savings? What would happen to equilibrium income if there is a sustained rise in private investment spending? (2 Marks)
5. State the difference between:

-economic contraction and economic expansion.
-between appreciation and depreciation
– between the balance of payments deficit and the budget deficit
-between the bond rate and interest rate (2 marks)

6. When is monetary policy most effective? When is fiscal policy most effective (2 marks)

7. Distinguish between ongoing demand-pull and ongoing cost-push inflation. Carefully draw them. Why might it be difficult to establish the extent to which a given rate of inflation is either demand-pull or cost-push? (2 marks)

8. The Australian economy has gone nearly 22 years without a recession meaning a whole generation have grown up never experiencing a recession. What are the macroeconomic dangers now facing Australia? When commentators suggest that the Australian economy is a two -speed economy what specifically are they referring to? (2 marks)

9. Why do economists study economic indicators? What are some examples of Leading indicators? (2 marks)

10. The Australian dollar has fallen by 12 US cents in the last few months. What are the macroeconomic consequences of this currency movement?

Question 1. GDP reflects many things; however, it does not reflect the depletion of natural resources, leisure, or many things we as individuals do for ourselves. True / False. Give your answer and EXLAIN why? Question 2. Using 10 macroeconomics concepts explain how your concepts chosen affect GDP? Your thesis must cover present economic-political-social trends. Please Include the social-ethical responsibility policy that should be considered and explain why.