The textbook notes that financial assets do not contribute directly to gdp, whereas real assets (such as land, factories, and technology) constitute the true productive capacity of an economy. however, it is hard to imagine a modern economy that does not have well-developed financial markets with many kinds of securities. suppose there were no markets in which one could trade financial assets. how might the productive capacity of the u. s. economy be affected?

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Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.

On coral island in 2012, the labor force is 12,000, the unemployment rate is 10 percent, and the labor force participation rate is 60 percent. during 2013, 200 unemployed people found jobs and the working-age population increased by 1,000. the total number of people in the labor force did not change. the working-age population at the end of 2013 was the unemployment rate at the end of 2013 was round up to the second decimal. the labor force participation rate at the end of 2013 was round up to the second decimal.