Travistan 2016 Population Survey (in millions) 150 92 15 Total Population Full t

Question

Travistan 2016 Population Survey (in millions) 150 92 15 Total Population Full time Employed Population Full time College Students Children under 16 Retired population Unemployed and searching for work Unemployed and not searching 10 a. b. Why Is weir labor force participation rate so low? c. Do you feel like your answer to the previous question d. Assume the US marginal propensity to consume is .95 poses a long-term problem for their . a Keynesian economist expect to see after a $15 spending bill passes, state wants create S100 million of real economic growth by billion infrastructure boosting aggregate demand and the marginal be required to create that level of growth? propensity to consume is.75, how much in tax cuts would

Explanation / Answer

b) The labor force participation rate is low because of the following reasons :

c) Low labor force participation rate poses long term problem for their macroeconomy as there is a decline in the labor force participation rate of all the segments. This would thus lead to low rate of production and thus lower GDP.

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