| balance on current account balance on goods and services cost of living baskets cost measurement of inflation efficiency wage current account deficit deflating GDP-deflator economic importance economic well-being merchandize export export transactions general price leve l earned income discouraged workers import transaction Laspeyres index Paasche index | consumer price index (CPI) inflating labor force participation rate indirect taxes per capita output capital and financial account unemployment rate inflation rate labor force market basket price level stability statistical discrepancy structural unemployment social welfare underground economy ( ) merchandize frictional unemployment cyclical unemployment part-time employed net benefit net foreign factor income black market |
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13. How is the unemployment rate measured in Ukraine?
14. Why do economists find it necessary to inflate and deflate GDP when comparing GDP in different years? How do they do this?
15. What is an international balance of payments? What are the principal sections in a nations international balance of payments and what are the principal,,balances to be found in it?
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5. An Ukrainian balance of deficit may be financed by:
) borrowing abroad;
b) selling real assets to foreigners;
c) selling financial assets to foreigners;
d) doing any of the above.
6. Use the following data to calculate ) the size of the labor force and b) the official unemployment rate. Total population - 2000; population under 16 years of age and institutionalized, 500; not in labor farce, - 600; unemployed 100; part-time workers looking for full-time jobs - 50.
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