What is the unemployment rate

Assignment Help Macroeconomics
Reference no: EM13333427

Suppose that in the small country of Sociopolis there are 6 millionpeople in the adult population, that the labor-force participationrate is 70 percent, and that there are 3.8 million people employed.To the nearest tenth, what is the unemployment rate?

Reference no: EM13333427

Questions Cloud

Define react 3-methyl-2-butanol with hbr : react 3-methyl-2-butanol with HBr. Predict the products and explain why the experiment will not be as successful for production of an alkyl bromide as the reaction of 1-butanol with HBr.
What advices would provide as to the option to pursue : The company's financial institution has offered a borrowing rate (cost of borrowing) of Prime + 2% and the co`s tax rate is 35%. The company can lease the equipment for $825,000 a year for four years
At what frequency of rotation will mass start to slide off : A small mass is placed a distance r from the center of a flat, circular disk that can rotate about its center. At what frequency of rotation will the mass start to slide off
State an electrolyte solution and a non-electrolyte solution : Explain the MOLECULAR difference between an electrolyte solution and a non-electrolyte solution
What is the unemployment rate : Suppose that in the small country of Sociopolis there are 6 millionpeople in the adult population, that the labor-force participationrate is 70 percent, and that there are 3.8 million people employed.To the nearest tenth
Determine what is the total amount paid in interest : Consider a 30-year mortgage at an interest rate of 12% compounded monthly with a $900 monthly payment. What is the total amount paid in interest
Statement of changes in net assets : Using the deferral method, prepare a statement of revenues and expenses and a statement of changes in net assets for Wise Owls for 20X1.
Explain boiling point and explain why boiling liquids : Define boiling point and explain why boiling liquids and non boiling liquids both have bubbles. Explain why boiling water in Seattle is hotter than bowling water in Denver
What is the period of the international space stations orbit : The International Space Station is orbiting at an altitude of about 370 km above the earth's surface. what is the period of the International Space Station's orbit

Reviews

Write a Review

Macroeconomics Questions & Answers

  Describe how households and businesses are slowing down the

Describe how households and businesses are slowing down the circular flows of money and goods and services during the economic slump.

  How nation is going to attain high level of economic progres

The secretary of state has asked you to prepare a memo describing the key policies and economic arrangements that a specific less developed country should follow in order to achieve rapid growth and higher income levels.

  Discuss the so called fiscal cliff and the expected impact

Discuss the so called fiscal cliff and the expected impact for the State of Mississippi and the Mississippi Delta.

  Role of incentives and people response

Illustrate the notion that people are rational respond to incentives consider an experiment conducted by researchers at St. Luke's Roosevelt Hospital in New York City.

  Group to that each consumer belong to explain how

If you could identify which the group to that each consumer belong to explain how would you go about setting prices.

  Find what is the official unemployment rate

Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 9 percent. Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500 billion i..

  What effect does this have on the current exchange rate

Suppose the market for dollars is in equilibrium, then the expected future exchange rate rises. What effect does this have on the current exchange rate?

  Assume the sri lanka government awarded contracts

Assume the Sri Lanka government awarded contracts to private companies to rebuild the countryâ.

  Discuss the comparative advantage of your selected region

Discuss the comparative advantage(s) of your selected regional trading blocs. Identify the major risks associated with doing business in the selected trading blocs.

  Discuss the differences in the two situations

prefectly compeitve and monopolistcally competitve markets achieve a tangecy between the firm's dd demand curve and its average cost curve , the tengency for a monopolistic compeetitor, while displays the tegency for a perfect competitor.

  Write a formula for indifference curves

Raj's Utility bundles of X and Y is given by U(X,Y)=XY A. Fill in the table with Raj's utility for the corresponding bundles x=1 x=2 x=3 ,y=1 ,y=2 ,y=3 B. Wri..

  The effect of the price of a wideget increases

The price of a wideget increases by 90%. what effect would we expect this to have on the equilibrium wage rate of workers who make widgets.

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