Indholdsfortegnelse
Assignment 1
A) With your starting point in appendix 1 and applying appropriate calculations, account for the development of the French population.

B) Account for the concept of the factors of production with a special focus on labor.

Assignment 2
A) With your starting point in appendix 4, analyze the expected development in the French economy in 2022.

B) Including all relevant appendices, discuss the policies adopted by the French government after the onset of the Covid-19 crisis in 2020. Also, assess the success of the policies.

Assignment 3

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Uddrag
A) With your starting point in appendix 1 and applying appropriate calculations, account for the development of the French population.

In order to account for the development of the French population, index numbers will be calculated of the total population size as well as more specific age groups to get a more detailed overview.

Index numbers are calculated by the following formula:
Index numbers=(Current year)/($Base year)•100

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The three main factors of production include labor, land, and capital. Land refers to all-natural resources that come from the land such as water, coal, etc. and these resources can be used as raw materials in production.

Furthermore, there is human capital, which is the skill set or the experience that a human has acquired over years of working and living.

Therefore, it does not refer to actual money, but qualifications a human contain such as education or intelligence that can be used to add economic value to a job.

Lastly, there is labor, and it is basically when workers do their jobs, and from their work, they get a salary in return.

So, by doing labor such as for instance being a teacher and teaching students, the teacher will get a salary for doing labor and this labor will result in the students acquiring human capital as they gain knowledge when being educated.

Different labor market policy instruments can be applied to either influence the quality or quantity of labor. If the aim is the influence the quantity of labor, supply and demand of labor must be addressed.

Even though it is very difficult to control demand for labor, a way to influence it can be to provide wage subsidies for businesses if they hire more people.

In doing so the business will become more likely to demand more labor as part of the wages are paid for by the government.

Additionally, to influence the supply for the labor the number of working hours or the retirement age can be raised, which will result in an increasing supply for labor.

On the other hand, if the focus is to improve the quality of labor, it is very important to look into the mobility of a worker.

The mobility of a worker can be improved by offering re-training when moving to new sectors. This is very beneficial for the labor market as people who get unemployed are able to find a new job quicker and easier.

Furthermore, if there is a growing need for people in a certain sector, it makes it possible to transfer people from one sector that has less relevance over to a new sector that is better for everyone.