Based on the context, structural unemployment is most likely caused by smartphones. Structural unemployment refers to unemployment that arises due to a mismatch between the skills workers have and the skills employers demand. The rise of smartphones likely changed the demand for certain job skills and occupations, leading to some workers' skills no longer matching the needs of employers. This would be considered a form of structural unemployment
Similar to Based on the context, structural unemployment is most likely caused by smartphones. Structural unemployment refers to unemployment that arises due to a mismatch between the skills workers have and the skills employers demand. The rise of smartphones likely changed the demand for certain job skills and occupations, leading to some workers' skills no longer matching the needs of employers. This would be considered a form of structural unemployment
Similar to Based on the context, structural unemployment is most likely caused by smartphones. Structural unemployment refers to unemployment that arises due to a mismatch between the skills workers have and the skills employers demand. The rise of smartphones likely changed the demand for certain job skills and occupations, leading to some workers' skills no longer matching the needs of employers. This would be considered a form of structural unemployment (20)
Based on the context, structural unemployment is most likely caused by smartphones. Structural unemployment refers to unemployment that arises due to a mismatch between the skills workers have and the skills employers demand. The rise of smartphones likely changed the demand for certain job skills and occupations, leading to some workers' skills no longer matching the needs of employers. This would be considered a form of structural unemployment
5. 1. Name three ways a government can raise money.
2. Name five different kinds of taxes.
3. In Pooleynesia every citizens has to pay a $500 tax each year. What kind of
tax is this?
4. What are the two objectives in designing a tax system?
5. What are the two principles that are considered under fairness?
6. What are three kinds of income taxes?
7. What kind of tax is a flat tax?
8. What is the highest U.S. personal income tax rate?
9. Draw and explain the Laffer curve.
10. What does it mean when Dr. Pooley says, How you slice the pie
determines the size of the pie.
Tax, Sell, Borrow
Income, Sales, Property, Excise, Estate, Fuel, Hotel, Sin
Lump Sum
Efficient and Equitable, Low Cost and Fair
Benefits Principle and Ability-to-Pay Principle
Proportionate, Progressive, Regressive
Proportionate
39.6 percent
13. Assume you earn $70,000 in the U.S.
What would your income taxes be?
Use the following bracket table:
Range Income Rate Tax
$70,000
$0 - $9,275 $9,275 10% $927.50
$9,276 - $37,650 $28,375 15% $4,256.25
$37,651 - $91,150 $32,350 25% $8,087.50
Summary $70,000 19% $13,271.25
14. Who pays the taxes?
0%
25%
50%
75%
100%
Top 1% Top 5% Top 10% Top 25% Top 50% Bottom 50%
3%
97%
87%
71%
60%
40%
26. Two Surveys
The Current Population Survey (CPS) "household
survey" Sample of 60,000 households.
The Current Employment Statistics Survey (CES):
"payroll survey" sample of 160,000 businesses and
government agencies that represent 400,000 individual
employees.
41. U1: the percentage of labor force unemployed for 15 weeks or longer.
U2: the percentage of labor force who lost jobs or completed temporary work.
U3: the official unemployment rate that occurs when people are without jobs and they
have actively looked for work within the past four weeks.
U4: the individuals described in U3 plus "discouraged workers," those who have stopped
looking for work because current economic conditions make them think that no work is
available for them.
U5: the individuals described in U4 plus other "marginally attached workers," "loosely
attached workers," or those who "would like" and are able to work, but have not looked
for work recently.
U6: the individuals described in U5 plus part-time workers who want to work full-time,
but cannot due to economic reasons, primarily underemployment.
Six Measures of Unemployment