In April approximately 22 million people filed for unemployment insurance.Â Â In March the labor force was (BLS...

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Economics

In April approximately 22 million people filed for unemploymentinsurance.Â Â In March the labor force was (BLS data)162,913,000 with Employment = 155,772,000 and Unemployed =7,140,000.Â Â What would Aprilâ€™s unemployment rate beapproximately?
If natural unemployment is around 4% and from Okunâ€™s Lawapproximately for every 1% point change in unemployment, GDP falls2%, how much has GDP dropped in % terms?
If real GDP in March (FRED) was $19,221.970 billion ($19.22Trillion), what is the drop in dollar value of production?
If Forecasting Company announced that they predict the mpc hasfallen to 0.5, How much Government spending will need to beinjected to get back to Un(natural rate of unemployment whereactual and potential output are back to long-runlevels)?Â Â

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March Labor force 162913000 Employed 155772000 Unemployed 7141000 Unemployment rate UnemployedLabor force Unemployment rate March 438 April People filing for unemployment insurance See Answer

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