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Why is there unemployment even when the economy is at “full employment”?


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Submit a 4- to 5-page paper that addresses the following questions. Be sure to use references within the paper to support your answers. 1.Why is there unemployment even when the economy is at “full employment”? What are some “costs of unemployment”? 2.Is the CPI a biased measure of the inflation rate? Explain your answer. 3. Explain how some government tax revenue and spending can depend on the state of the economy. 4. Explain some limitations of using GDP as an indicator of standard of living (be sure to do some research on your own to find any alternative measures). references: How the Economic Machine Works Ray Dalio 2013 https://tinyurl.com/y8xuzpom Components of GDP. GDP: Measuring national income, Khan Academy https://tinyurl.com/ybbpo9hu CPI Index, Inflation. Khan Academy https://tinyurl.com/y97ny4a9 How to Calculate the Unemployment Rate, Khan Academy (you may have to turn up the volume on this one) https://tinyurl.com/y75e44r2 The Top 10 Economic Indicators: What to Watch and Why. American Association of Individual Investors. Hit the “X” delete if the investment advertisement pops up. https://tinyurl.com/lcv88g2


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