please answer circled questions as fully and accurate as possible Let\'s see how

Question

please answer circled questions as fully and accurate as possible

Let's see how many jobs have to be destroyed for one net job to be created. As noted in the text, millions of jobs are created and destroyed every month. Suppose that 5 millions jobs are destroyed every month and about 5.25 million jobs are created. What is total job destruction divided by net job creation? So how many total jobs are destroyed for every net job created? Take a look at Table 10.2. If you have to pick a country to lose your job in, and you know you're going to be out of work for one year, which country offers the highest one-year average replacement rate? Which offers the highest two-year average replacement rate? If you're going to be out of work for three years, which country offers the highest average rate of wage replacement? When a government raises the minimum wage by $2.00 per hour, where would we expect more jobs to be lost: in the fast food industry or in city government? Why? Let's see how GDP per person can be affected

Explanation / Answer

2)A:Total Job Destruction divided by net job creation: 5/(5.25-5)= 20

How many Jobs are destroyed for every net job created:5.25-5/5= 4.25 jobs

4)A: Fast food Industry, because these jobs are temporary can be removed at any time. where as city government jobs are permanent cant removed because of the govt law.

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