Question

In: Economics

1. The number of people who filed claims for unemployment benefits in the last two weeks...

1. The number of people who filed claims for unemployment benefits in the last two weeks of March was about 1 million more jobs lost than

a)were lost in the previous two weeks

b)were lost in the previous four weeks

c)the entire number of jobs in the state of Florida

d)were lost in the first two weeks of the Great Recession

2. The source for most of the data reported in the media about confirmed COVID cases and deaths is produced by

a) the World Health Organization

b) Johns Hopkins University

c) the Center for Disease Control

d) The National Institute of Health

3. According to CBO projections, real GDP growth could be ___________ in the second quarter on an annualized basis.

a)-10%

b)2.1%

c)-5%

d)-28%

Expert Solution

Q(1)

So definitely in the current era of global crisis when nearly all the nation of the world are facing this epidemic and most of the business functionaries are lockdown then unemployment is also emerging as a serious issue for leaders around the world and it has been seen that the number of unemployment registered people is even more than the job losses in the first two weeks of the Great Recession this is all because even during great recession at least firms are doing their business activity but now in the current situation everything is stoped and it leads to an increase in the unemployment rate

Answer - D

Q(2)

in united states, most of the data are released by the Center for Disease Control as it is the primary institute for looking at all the information related to various disease in the country, apart from it if we will talk about the entire world then, in that case, its a responsibility of world health organization to look into this matter after collecting data from all the nation

Answer - C

Q(3)

according to the latest data published by the CBO projections, real GDP growth would be -10% in the second quarter on an annualized basis

Answer - A

Rahul Sunny answered 6 months ago

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