What is the size of labor force-what is unemployment rate

Assignment Help Business Economics
Reference no: EM13795862

Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force? What is the unemployment rate?

Reference no: EM13795862

Questions Cloud

Diamond-water paradox-marginal unit-infra-marginal unit : Consider the famous diamond-water paradox: water is necessary for life and extremely useful, but is very cheap on a per gallon basis (NYC charges $3.70 for 748 gallons), while diamonds are not much use for most things, but extremely expensive on a pe..
Economic-cultural-political and environmental : What can be said about the benefits and problems of each dimension (economic, cultural, political and environmental) of globalization? Is globalization a positive force overall? Why or why not?
Private consumption-investment and private saving : Consider a closed economy which can be characterized by the following equations: C = 400 + 0.8YD I = 600 + 0.1y- 1000r G = 300 T = 125 (M/P)d = 0.2Y-6000r (M/P)= 400 c. Determine the equilibrium values for real GDP (Y), the real interest rate (r), pr..
Solve for the goods market equilibrium : Consider a closed economy which can be characterized by the following equations: C = 400 + 0.8YD I = 600 + 0.1y- 1000r G = 300 T = 125 (M/P)d = 0.2Y-6000r (M/P)= 400 a. Solve for the goods market equilibrium and state the equation for the AD and IScu..
What is the size of labor force-what is unemployment rate : Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor force..
Fundamental changes in organizations related issues : Why is it said that electronic commerce is a catalyst of fundamental changes in organizations?
Write essay that discuss mother relations in everyday use : Write a critical essay that discuss the mother relationships in alice Walker's "everyday use" discuss how these relationships changes with Dee's visit.
What is this years rate of inflation : If the CPI was 110 last year and is 121 this year, what is this year’s rate of inflation? In contrast, suppose that the CPI was 110 last year and 108 this year. What is this year’s rate of inflation? What term do economics use to describe this second..
Develop a product launch plan for two markets : Develop a product launch plan for two markets: domestic and international - Write a paper of no more than 3,500 words explaining each of the elements in your team's Product Launch Plan

Reviews

Write a Review

Business Economics Questions & Answers

  Why is the burden of a tax to taxpayers greater than

Why is the burden of a tax to taxpayers greater than the revenue recieved by the government. Why do some economists advocate taxing consumption rather than income.

  Why do you think the compensation plan differ two firms

Why do you think the compensation plan differ at the two firms. In particular why do you think Kaufmann s pays commission to salespeople, while Parkleigh does not.

  Explain market models would advertising be used most often

In which market model would there be a unique product for which there are no close substitutes? In which two market models would advertising be used most often?

  Survey of households in a small town

What is the confidence interval for the proportion of households represented at a town meeting. Survey of households in a small town showed that in 850 of 1,200 sampled households.

  Di9scuss what will happen in this market as it moves

Di9scuss what will happen in this market as it moves to a new equilibrium. If a hard freeze eliminate Brazil's premium coffee crop, what will happen to the price of the premium coffee.

  Sharp drop in bay area home sales

On the same day, the San Francisco Chronicle had an article with the headline "Sharp Drop in Bay Area Home Sales"

  What are the effects if population decreases

In the classical model if there is a decrease in capital stock, what are the effects on labor demand, real wages, and output? (Increase or decrease) What are the effects if population decreases?

  Explain when a researcher is trying to estimate

Explain when a researcher is trying to estimate the causal effect of X on Y, and finds that the R^2 of her bivariate regression model is around 0.04.

  Explain the effect of the following events on interest rate

Explain the effect of the following events on the interest rate in the loanable funds market. Demonstrate you answer graphically.

  Analyze the basis for the trends in consumption patterns

Considering the correlation of a company to the economy which would you chose: A company positively, negatively, or not correlated?

  What is the maximum market price you will pay

Wagner Industries preferred stock has a par value of $50 and a stated dividend rate of 6.0%. This means that Wagner will pay $3.00 (6% x $50) in dividends per share, per year forever. There will never be an increase or decrease in the dividend. Suppo..

  Describe how changes in the macro environment affect

Describe how changes in the macro environment affect individual firms and industries through the micro economic factors of demand, production, cost and profitability.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd