Compute the unemployment rate for this country

Assignment Help Microeconomics

Reference no: EM133630168

Question: Consider an island economy where a total number of 10,000 people live. The Federal Government compiled the below demographics for its total population: SI. No. Citizen Demography Number of People 1 Between the age of 65-70 (pensioners) 950 2 Self employed (doctors, accountants, singers etc.) 1,100 3 Working for corporate and organizations 2,300 Housewives (ladies managing house and babies) 150 College Passouts Searching for Jobs 250 6 Between 18-21 (University attending bachelors) 750 7 Between the age of 0-4 (babies) 650 8 College Passout Taking Loans for Starting Factories 40 9 University Students (looking for seasonal parttime jobs) 620 10 College Passout (started looking for Jobs this week) 50 11 Person running corporates, businesses and groceries 850 12 Between the age of 60-62 (looking for active jobs) 390 13 Between the age of 4-18 (school students) 1,350 14 Farmers, plumbers, truck drivers, electricians etc. 550 CANADA 25C APERS Compute the unemployment rate for this country and explain your calculus?

Reference no: EM133630168

Questions Cloud

Control the cost of health care services : Control the cost of health care services. Improve the quality of healthcare through restricting entry into the professions.

What are the sociocultural implications of the program : What are the sociocultural implications of the program with regard to the communities and organizations in which developmental psychology is practiced?

Implementing a readmission reduction program for a hospital : What are potential sources of data for decision making on reducing readmissions or for implementing a readmission reduction program for a hospital?

Provide a comprehensive analysis of the strategies : Provide a comprehensive analysis of the strategies used by both to dominate the market, especially in terms of advertising and product differentiation

Compute the unemployment rate for this country : Farmers, plumbers, truck drivers, electricians etc. 550 CANADA 25C APERS Compute the unemployment rate for this country and explain your calculus

How these limitations impact data-driven decision-making : The strengths and limitations of each source of data and how these strengths and limitations would impact data-driven decision-making.

Advanced into the cultural industry : During the Asian economic crisis in the late 1990s, Korean business conglomerates (chaebols) advanced into the cultural industry (from video production

What might happen if you concentrated on saving : What might happen if you concentrated on saving to reach your long-term goals and didn't bother investing? It would take way too long to accumulate

What change management model you implement for stakeholders : Based on the scenario that you chose for your project, explain what change management model you would implement for internal and external stakeholders.

User Account

All Pages