From of an increasing number of pensions living

From American Economic Review. Volume 82 Pages 341–345, Full employment means
is when everyone can have to work looking for employment can find it within a
reasonable amount of time and effort.

More technically, Person Prentice Hall  on journal Economics journal pages 335, said in cased
of macroeconomics, full employment is defined as the level of
employment at which there is no cyclical or deficient demand unemployment. Unemployment refers to the number of
people in a country who are willing and able to wok but are unable to find

rate of unemployment is a number of people unemployed expressed as a percentage
of the labour force, where the labour force consists of all those in employment
(including members of the armed forces, the self-employed and those on
work-related government training programmes), plus the number of people

In employment,
demographic changes create both opportunities and threats on the insurance
industry specially in Indonesia, include following:

o     The
ageing population and increasing dependency ratio means that even more demands
will be placed on pensions funds in the future. He prospect of an increasing
number of pensions living even longer creates a major challenge for long term
insurance companies to design new pension product.

o     The
higher proportion of older people in the population also creates an increasing
demand for certain types of insurance product such as annuities, product
guaranteeing long term care, and pensioner-friendly house and motor insurance

o     With
regard to immigration, the growing Muslim population in Indonesia, has created
an increasing level of demand for Islamic insurance product (Takaful or


of payments equilibrium and state exchange rate

understand about equilibrium and state exchange rate we have to understand
about money, income and expenditure, the role of money and considers
macroeconomic dynamics in Indonesia by examining the determinants of economic
growth and business cycles.

flow of income and expenditure in a highly simplified model of a macro-economy
are show in this picture below


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