Calculate labor force participation rate in an economy

Assignment Help Microeconomics

Reference no: EM132179264

Question: 1. Calculate labor force participation rate in an economy with an adult population of 100, 50 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired.

2. Calculate a) labor force, b) labor force participation rate, and c) unemployment rate if the population of a country is 380 million people out which 92 million are under the age of 16, 58 million don't want to work and 20 million are looking for work.

3. Calculate the inflation rate in 2005 if the index number in 2005 was 120 and the index number in 2004 was 135.

Reference no: EM132179264

Questions Cloud

In which country do workers support a trade agreement : Suppose two countries are considering a new agricultural trade agreement with each other. Country A has abundant low-skill labor and scarce land.

Advise the company as to their legal position : TLAW 202 - CORPORATIONS LAW - ASSIGNMENT QUESTIONS - Advise the company as to their legal position. Advise the injured audience members

Which group would be more harmed by a trade embargo : Suppose a country has abundant capital but scarce labor. Which group would be more harmed by a trade embargo: owners of capital or laborers?

Work with your project colleagues in this discussion : Work with your "project colleagues" in this discussion to brainstorm 5-10 of the highest level Work Breakdown Structure tasks that would need to be completed.

Calculate labor force participation rate in an economy : Calculate labor force participation rate in an economy with an adult population of 100, 50 of whom hold jobs, 10 of whom are looking for work.

Perspective or behavior as media consumer : Can you think of findings from media research that has changed your perspective or behavior as a media consumer?

Global business is relevant for top executives : Imagine a classmate says, Global business is relevant for top executives such as CEOs in large companies.

Market to survey-give your rationale for each decision made : Define the market to survey and give your rationale for each decision made. Decide how you will collect the survey information and give your rationale.

Is instituting fine for anyone caught littering a nudge : Is instituting a $200 fine for anyone caught littering a nudge? Why or why not? Suppose two parents present their 16-year-old with a list of the cars.

User Account

All Pages