Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

As a hypothetical case, suppose the typical individual has a utility function expressed as U = (C -50)*(L - 10), where C is consumption and

As a hypothetical case, suppose the typical individual has a utility function expressed as U = (C -50)*(L - 10), where C is consumption and L is leisuretime.The current wage, w,is$5 and she has a weekly return on assets of V = $100. She only has 60 hours per week to divide between work hours, h,and Leisure.

A number ofcountries and communities are considering implementing a "Guaranteed Basic Income" as policy. A "Guaranteed Basic Income" is a government payment of a fixedaamount of money for each person. Suppose the country of interest sets the weekly payment at $100.

a.Using the Neo-classicallabor supply with reference to specific numerical values discuss the consequences of the above "Guaranteed Basic Income".

  • image text in transcribedimage text in transcribed
Bolivia Bolivia BOL 83.37 83,45 83,31 83,34 83,40 83.50 83,57 83,68 83,60 83,47 83.28 Brazil BRA LFPR, female (%% of female population ages 15-64) 44,59 44,87 46,31 47,75 49,19 50,62 49,54 50,49 51,43 52,78 53,88 Brazil 86,52 86,49 86,06 85,60 85,11 84,59 82,78 83,29 82,78 82,67 82,09 Barbados BRE 71,75 70,96 71,82 72,94 73,92 75.14 76.13 75.20 75.15 75,08 75,02 Barbados BRB LFPR. male (% of male population ages 15-64) BRN LFPR. female (% of female population ages 15-64) 47.74 48.02 48,98 50,01 51,13 52.35 53 27 54,30 55,45 56,64 57.79 BRN LFPR. male (% of male population ages 15-64) 83,83 83,75 83,44 83,23 83,10 83,03 82,76 82,56 82,42 82,33 82.22 Bhutan BTN LFPR, female ( of female population ages 15-64) 61,92 61,51 61,13 60,76 60,38 59.99 60,36 60,89 61,53 62,27 63,10 Bhutan BTN LFPR, male (% of male population ages 15-64) 81,90 81,49 81,05 80,58 80,09 79,58 79.24 78,92 78,63 78,35 78,09 BWA LFPR, female (% of female population ages 15-64) 49,78 49,97 50,19 50,42 50,67 50,95 51,17 51,41 51,75 51,48 51,21 Botswana BWA LFPR. male (% of male population ages 15-64) 76.71 76.23 75.86 75.49 75,02 74,41 73,96 73.35 72,83 71,00 68.97 Central African Republic CAF LFPR. female (%% of female population ages 15-64) 66.77 66.75 66,78 66,80 66,82 66.82 66.82 66,76 66,72 66.69 66.72 CA LFPR, male (% of male population ages 15-64) 80.91 80,91 80,94 80,88 80,75 80.55 8056 80,45 80,31 80,15 80.04 CAN LFPR, female (% of female population ages 15-64) 68,38 68,54 67,96 67,83 67,76 67,78 67,81 68,22 69,03 69,74 70,35 CAN LFPR, male (% of male population ages 15-64) 84,95 83,92 82,74 82,39 82,10 81,55 81,32 81,49 81,42 81,89 81,94 CHE LFPR, female (%% of female population ages 15-64) 69.00 68,62 69.81 69.98 68,99 68,93 70.30 70.68 71,99 72,38 71,78 CHE 90.64 91.08 90.95 91.01 89,92 90.15 90.08 89.84 90,06 89,68 89,30 CHI LFPR. female (% of female population ages 15-64) 56,57 56.53 56,75 57,29 58,41 58.42 58.15 58,62 59,40 60,45 60.77 CHI LFPR, male (% of male population ages 15-64) 81.21 81,58 81,66 81,86 81,75 81.83 81,93 81,80 81,69 81,36 81.22 CHI LFPR, female (%% of female population ages 15-64) 35,82 36,55 37,57 38,29 38,90 39.82 40,60 41,78 42,17 42,46 42.42 Chile CHI LFPR, male (% of male population ages 15-64) 81,15 81,30 81,45 81,49 81,50 81,56 81,58 81,20 81,18 81,21 80,07 China CH LFPR, female (% of female population ages 15-64) 79,39 79,26 79,13 79,00 78,84 78,64 78,41 78,14 77,80 77,39 76,92 CHN LFPR. male (% of male population ages 15-64) Cote d'Ivoire LFPR. female (% of female population ages 15-64) LFPR, male (% of male population ages 15-64) 84.68 84.51 84,23 83,89 83,51 83.02 82,83 82,69 82,51 81,80 81.09 79.99 79,98 79,96 79,96 79,91 79.84 79,77 79,68 79,59 79,50 79,41 CMR LFPR, male (% of male population ages 15-64) 88,50 88,60 88,63 88,63 88,49 88,26 88,08 87,83 87,51 87,18 86,84 Congo, Dem. Rep. LFPR, female (% of female population ages 15-64) 71,40 71,42 71,46 71,51 71,52 71,51 71,49 71,49 71,47 71,48 71,50 Congo, Dem. Rep. 70,94 71 33 71,73 72.14 72,29 72,26 72.45 72.62 72.64 72,67 72,75 Congo, Rep. LFPR. female (%% of female population ages 15-64) 66,33 66.32 66.32 66.36 66,45 66.52 66.59 66.71 66,84 67.02 67.17 COG LFPR. male (% of male population ages 15-64) 72,38 72.07 71,73 71,47 71,34 71.11 70.94 70,92 70,89 71,01 70.97 COL 53,40 53,73 54,20 54,77 55,39 55,97 56,26 56,72 56,93 56,68 57,10 COL 86,19 86,30 86,42 86,54 86,64 86,70 86,64 86,61 86,46 86,14 86,10 LFPR, female (% of female population ages 15-64) 31,98 32,03 32,04 32,10 32,25 32,36 32,49 32,60 32,75 32,92 33.08 COM LFPR, male (% of male population ages 15-64) 54,09 54.42 54.22 54.13 54,25 53,98 53.84 53.47 53,15 52,77 52,09 CPV CPV LFPR. female (% of female population ages 15-64) LFPR. male (% of male population ages 15-64) 87.43 86.86 86,29 85,70 85,06 84.33 83.53 82,62 81,61 80,55 79.47 Costa Rica CRI LFPR, female ("% of female population ages 15-64) 35.33 36,09 35,58 36,56 37.88 38.85 37,31 40,58 43,17 43,40 41.84 Costa Rica CRI LFPR, male (% of male population ages 15-64) 87,28 86,15 85,49 86,02 85,75 86,69 84,46 85,55 86,39 85,13 84,63 Cuba CUB LFPR, female (% of female population ages 15-64) Cuba CUB LFPR. male (% of male population ages 15-64) 71.64 72.32 73,06 73.81 74,44 74,92 75.49 75.66 75.52 75,54 75,49 Cyprus CYP CYP LFPR. female (% of female population ages 15-64) LFPR. male (% of male population ages 15-64) 80,89 81,10 80,09 81,04 80,17 80 58 80.69 79,46 79,20 79,36 79.15 Czech Republic CZE LFPR, female (%% of female population ages 15-64) 63,56 63,80 63,93 64,02 64,43 64,04 63,42 63,28 63,62 63,92 63.61 CZE LFPR, male (% of male population ages 15-64) 79,97 80,40 80,39 80,39 80,39 80,46 80,44 79,52 79,40 79,43 78,76 DEU LFPR, female (%% of female population ages 15-64) 57,77 61,49 61,35 60,78 61,58 61,48 61,54 62,14 62,50 63,28 63,50 DEL LFPR, male (% of male population ages 15-64) 82,20 82,37 81.29 80,49 80,46 79,89 79.57 79.69 79.62 79,71 79,42 LFPR. female (% of female population ages 15-64) Djibouti DJI LFPR. male (% of male population ages 15-64) 83.05 83.05 82,72 82,23 81,70 81.45 81,11 81,00 80,99 80,78 8031 Denmark ONK LFPR, female (% of female population ages 15-64) 77.61 78,07 78,20 77,39 73,33 73.30 73.36 73,89 74,77 75,52 75.41 DNK LFPR, male (% of male population ages 15-64) 87.07 86,38 85,76 84,87 83,93 85,63 85,46 85,64 83,87 85,45 84,17 Dominican Republic DOM 37,36 37 28 38,42 39,11 39,24 39,75 40,32 41,26 41,96 42,57 43,03 Dominican Republic DOM LFPR, male (% of male population ages 15-64) 83,72 83,90 83,32 83.01 83,05 82,84 82.61 82.17 81,87 81,62 81,45 DZA LFPR. female (% of female population ages 15-64) 12.44 12.43 12,45 12,47 12,49 12,57 12.64 12.60 12.59 12,63 12.72 Algeria DZA LFPR. male (% of male population ages 13-64) 80,32 80.68 80,76 81,15 81,44 81,36 81.27 80,63 80,00 79,38 78.77 Ecuador ECL LFPR. female (%% of female population ages 15-64) 48.60 49,10 49,44 49,77 50,30 50.65 50,92 51,26 54,94 54,41 53.87 ECU LFPR, male (% of male population ages 15-64) 82,00 82,21 82,38 82,54 82,76 82,91 82,99 83,42 85,10 85,16 85,19 EGY LFPR, female (% of female population ages 15-64) 23,16 23,15 23,30 23,42 24,35 22,85 22,03 21,24 20,46 21,54 21,60 Egypt. Arab Rep. EGY LFPR, male (% of male population ages 15-64) 75,42 75,51 75.37 75.28 76,13 74,87 74.62 74.30 73.93 76,14 75,95 ERI LFPR. female (% of female population ages 15-64) 74.11 73.98 73.79 73,48 73,13 72,85 72.87 72.88 72,86 72,79 72.69 ERI 89,86 90.48 91,01 91,29 91,37 91.48 90.97 90.32 89,62 88,88 88.19 Spain ESP LFPR. male (% of male population ages 15-64) Spain ES LFPR, female (%% of female population ages 15-64) 41.49 41,87 42,66 43,43 45.11 45.81 46,69 47,97 48,66 49,72 51,83 LFPR, male (% of male population ages 15-64) 78.07 77,90 76,92 76,61 76,20 75,38 75,83 76,35 77,00 77,59 78.56 66,47 66,43 66,42 66,42 66,42 66,54 66,63 66,87 66,44 65,19 66,06 EST ETH LFPR, male (% of male population ages 15-64) 80,26 80.17 80.12 80,09 80,04 79,93 78 52 78.36 78,24 76,09 75,20 LFPR. female (%% of female population ages 15-64) 67,80 67.82 67.84 67.79 67.79 68.71 69.61 70.47 71.31 72.13 72.92 ETH LFPR. male (% of male population ages 15-64) 90.32 90.46 90.59 90,57 90,57 90.59 90.58 90.56 90.54 90,54 90.55 Finland FIN LFPR, female (%% of female population ages 15-64) 73.41 72,03 70,65 69,86 69,09 69,11 69,27 69,73 69,93 71,53 71.58 FIN LFPR, male (% of male population ages 15-64) 80. 77 79,37 77,91 77,12 76,36 74,67 73,59 75,41 75,73 76,22 76,76 FJI Fiji FJI 81,03 81,23 81,00 80,92 80,69 80,57 80 32 79.98 79.63 79,30 79,01 FRA LFPR. female (% of female population ages 15-64) 57,78 58.11 58,76 59,44 59,85 60,48 61.19 60.90 61,43 62,07 62,26 FRA LFPR. male (% of male population ages 15-64) 75,83 74.87 74,93 74,62 74,48 74,35 75.01 74.93 74,85 75,19 75.09 GAB LFPR, male (% of male population ages 15-64) United Kingdom GBR United Kingdom GBR 86,71 86.11 85,04 84,00 83,57 83,11 82,93 82,86 82,54 82,62 82,69 Georgia GE LFPR. female (% of female population ages 15-64) 61,54 62.10 62.72 63.40 64.12 63.65 62.74 61.97 61.69 61,47 57.62 GEO LFPR. male (% of male population ages 15-64) 77.43 77.49 77.49 7737 77.14 77.06 77.22 77.29 77.27 77.22 75.60 GHA LFPR. female (% of female population ages 15-64) 73.18 73 27 73,39 73,49 73,60 73.70 73,78 73,86 73,91 73,95 73.98 Ghana GHA LFPR, male (% of male population ages 15-64) 78.06 78,04 78,00 77,90 77,82 77.70 77,66 77,62 37,53 77,38 77,14 LFPR, female (% of female population ages 15-64) 65,85 65,78 65,72 65,65 65,58 65,53 65,45 65,38 65,31 65,26 65,21 GIN LFPR, male (e of male population ages 15-64) 66,10 66,53 66,82 66,94 66,98 66,89 67,06 67,09 67,05 66,89 66,65 Gambia, The GME LFPR. female (% of female population ages 15-64) 46,68 46.56 46.46 46.36 46,70 47,03 47.29 47.54 47.79 48,04 48,28 Gambia, The GMB LFPR. male (% of male population ages 15-64) 69.78 70.47 70.95 71.31 71.24 71.18 71.06 70.92 70,78 70,60 70.40 GNB LFPR, female (% of female population ages 15-64) 66,34 66.27 66,22 66,18 66,14 66,11 65,95 65,84 65,95 65,89 65.83 INE LFPR, male (% of male population ages 15-64) 82,77 82,71 82,65 82,53 82,30 81,93 81,73 81,43 81,44 81,09 80,73 LFPR, female (% of female population ages 15-64) 52,64 52,64 52,58 52,50 52,43 52,40 52,28 52,23 52,26 52,38 52,59 GNQ LFPR, male (% of male population ages 15-64) 71,19 71,09 71,10 71,12 71,02 70,74 69.77 68,85 68,19 67,89 67,90 GRC LFPR, female (%% of female population ages 15-64) 43,36 41.15 42.71 42,95 43,91 45.01 46.65 47.13 49,29 50,93 51.12 Greece GRC LFPR. male (% of male population ages 15-64) 76,78 76.14 76.26 76,11 76,83 77,25 77 54 77.31 78,04 78,06 78 37 GTM LFPR. female (% of female population ages 15-64) 39.56 39.83 40.24 40.55 40,90 41.43 41.61 42,04 42,58 42,95 43.25 GTM LFPR, male (% of male population ages 15-64) Guam GUM LFPR, female (% of female population ages 15-64) 61,79 61,88 61,94 61,97 61,98 61,98 62,01 61,94 61,78 61,69 61,59 GUM LFPR, male (% of male population ages 15-64) 84,93 85,21 85,37 85,43 85,43 85,40 85,45 85,31 85,00 84,86 84,68 GUY LFPR. female (% of female population ages 15-64) 38,97 39.66 40,45 41,22 40,65 40.05 39.47 38.92 38,39 37,89 37,40 Guyana LFPR. male (% of male population ages 15-64) 85,89 85.65 85.29 84,86 84,50 84,08 83.79 83.55 83,37 83,25 83.17 Hong Kong SAR, China HKG LFPR, female (% of female population ages 15-64) 53,42 34,39 53,35 52,81 53,45 5437 54.67 35,05 35,75 56,53 57.33 Hong Kong SAR, China HKG LFPR, male (% of male population ages 15-64)LFPR by gender 15-64 Data Source Country Name Indicator Name 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2090 Afghanistan AFG LFPR, female (% of female population ages 15-64) 15.66 15.74 15.78 15.77 15.75 15.78 15,58 15,40 15,27 15,19 15,15 AFG LFPR, male (% of male population ages 15-64) 80.71 80.66 80.57 80.46 80.33 80.16 80.14 80.15 80.16 80.18 80,20 AGO LFPR, female (% of female population ages 15-64) 76.74 76.69 76.66 76.68 76.64 76.58 76,55 76,54 76,53 76,52 76,49 Angol AGO LFPR, male (% of male population ages 15-64) 80.22 80.26 80.34 80.58 80.52 80.31 80.21 80.10 79,96 79,81 79.63 ALB LFPR, female (% of female population ages 15-64) 58,57 61,28 61,80 60.88 60.07 58.92 58.24 59.11 58.45 57.55 57,04 ALB LFPR, male (% of male population ages 15-64) 77.74 77,89 77.88 77.92 77.80 77.50 77.68 78.04 78.19 78.22 78.23 ARE LFPR, female (% of female population ages 15-64) 28,85 29,62 30.28 31.18 31.59 31.95 32.24 32.67 33,22 33,86 34,51 ARE LFPR, male (% of male population ages 15-64) 91,07 91,03 91,33 91,91 92.44 92.94 92.09 91.64 91,61 91,92 92,35 ARG LFPR, female (% of female population ages 15-64) 51,98 52,85 53.65 54.53 35.19 34.96 35.64 36.61 37.18 56,99 57,06 Argentina ARG LFPR, male (%% of male population ages 15-64) 82,49 82,31 82,06 81,80 81.56 81.26 81.21 81.30 81.39 81,44 81.53 LFPR, female (% of female population ages 15-64) 52,19 52,48 52,75 53,00 53,20 53,33 53.33 53.28 53,19 53,10 53,04 Armenia ARM LFPR, male (% of male population ages 15-64) 72,75 72,95 73,09 73,13 73,08 72.92 72.57 72.16 71.71 71,24 70,79 AUS LFPR, female (% of female population ages 15-64) 61,90 61,65 61,77 61,65 62,82 64,06 64.33 64,11 64.21 64,24 65,33 AUS LFPR, male (% of male population ages 15-64) 85,08 84,21 83,76 83,45 83,56 83,87 83,77 83.18 82.96 82.60 82,44 Austria AUT LFPR, female (% of female population ages 15-64) 55,23 56,01 57,72 58,49 61,17 62.28 61,76 61.68 62,22 62,41 62,34 AUT LFPR, male (% of male population ages 15-64) 80,16 80,40 80,61 80,46 80,51 80,71 80.28 79,73 79.81 80,06 79,82 AZE LFPR, female (% of female population ages 15-64) 56,12 56,32 57,35 58,67 59,99 60,90 61,08 61,02 60,36 60,63 61,09 AZE LFPR, male (%% of male population ages 15-64) 73,29 73,53 74,31 74,94 75,32 75,49 75,56 75.55 75,47 75,36 74,91 BDI LFPR, female (% of female population ages 15-64) 91,83 91,42 90,94 90,38 89,76 89,07 88,37 87,59 86,72 86,09 85,40 BDI LFPR, male (% of male population ages 15-64) 90,91 90,44 89,88 89,21 88,45 87,61 86,87 86,06 85,15 84,30 83,39 Belgium BEL LFPR, female (% of female population ages 15-64) 46,23 48,19 49,29 50,27 51,23 51,82 52,09 52,87 53,76 55,90 56,50 Belgium BEL LFPR, male (% of male population ages 15-64) 71,27 71,86 71,65 71,24 72,08 72,39 72,33 72,29 72,53 73,10 73,81 BEN LFPR, female (% of female population ages 15-64) 58,74 58,73 58,73 59,58 60,43 61,27 62,09 62,91 63,71 64,49 65,27 LFPR, male (% of male population ages 15-64) 89,61 89,61 89,56 88,72 87,83 86,90 85,90 84,85 83,74 82,58 81,38 Burkina Faso BFA LFPR, female (% of female population ages 15-64) 79,11 79,07 78,19 77 28 76,32 75,34 74,33 73,29 72,21 71,11 69,97 Burkina Faso BFA LFPR, male (% of male population ages 15-64) LFPR, female (% of female population ages 15-64) LFPR, male (% of male population ages 15-64) BGR LFPR, female (% of female population ages 15-64) Bulgaria BGR LFPR, male (% of male population ages 15-64) 71,55 71.57 71.58 70.97 70.36 69.76 69.24 68.72 68.17 67,50 66,68 Bahrain LFPR, female (% of female population ages 15-64) 30.39 30,09 30.72 31.43 32.20 32.98 33.56 34.13 34,74 35,44 36,23 Bahrain LFPR, male (% of male population ages 15-64) 89.56 89.02 88.82 88 85 89.03 89.27 88.67 88,20 87,97 87,98 88,15 BHS LFPR, female (% of female population ages 15-64) 68,72 69.65 70.60 71.54 72.42 72.71 72.90 72.89 73.14 73,60 73,79 BHS LFPR, male (% of male population ages 15-64) 81,91 82.96 83.98 84.93 85.72 85.71 85.69 85.65 85,37 84,97 84,82 BIH LFPR, female (% of female population ages 15-64) 39.05 39.19 39.23 39.18 39.11 38.99 38.98 39.01 39.01 38,97 38,99 Bosnia and Herzegovina BIH LFPR, male (% of male population ages 15-64) 63.04 63,07 63,18 63.33 63.44 63.53 63.62 63,63 63,66 63,76 63,86 Belarus BLR LFPR, female (% of female population ages 15-64) 64,49 64,56 64,60 64,73 64.93 65.20 65.42 65.56 65,36 65,99 66,70 BLR LFPR, male (% of male population ages 15-64) 74,03 73,97 74.04 74.18 74.29 7433 74.27 74.09 73.91 73,82 74,08 Belize BLZ LFPR, female (% of female population ages 15-64) 36,35 37,09 37,95 38 23 37.83 38.00 38.27 39.24 40,23 41,27 42,36 Belize BLZ LFPR, male (% of male population ages 15-64) 84,70 84,33 83,88 83,73 83,93 84.27 84,42 84.21 84,07 84,02 84,06 Bolivia BOL LFPR, female (% of female population ages 15-64) 58,66 59,00 59,04 59,35 59,71 60.09 60.41 60,80 61.03 61,26 61,47 Bolivia LFPR, male (% of male population ages 15-64) 83,37 83,45 83,31 83,34 83,40 83.50 83.57 83.68 83.60 83,47 83,28 Brazil BRA LFPR, female (% of female population ages 15-64) 14,59 44,87 46,31 47,75 49,19 50,62 49.54 50.49 51.43 52,78 53,88 Brazil BRA LFPR, male (% of male population ages 15-64) 86,52 86,49 86,06 85,60 85,11 84,59 82,78 83,29 82,78 82,67 82,09 BRB LFPR, female (% of female population ages 15-64) 71,75 70,96 71,82 72,94 73,92 75,14 76,13 75,20 75,15 75,08 75,02 85,46 82,88 84,22 85,04 85,67 86,37 84.34 85,40 85,20 84,96 84,71 BRN LFPR, female (% of female population ages 15-64) 47,74 48,02 48,98 50,01 51,13 52,35 53,27 54,30 55,45 56,64 57,79 Brunei Darussalam BRN LFPR, male (% of male population ages 15-64) 83,83 83,75 83,44 83,23 83,10 83,03 82,76 82,56 82,42 82,33 82,22 Bhutan LFPR, female (% of female population ages 15-64) 61,92 61,51 61,13 60,76 60,38 59,99 60,36 60,89 61,53 62,27 63,10 BTN LFPR, male (% of male population ages 15-64) 81,90 81,49 81,05 80,58 80,09 79,58 79,24 78,92 78,63 78,35 78,09 BWA LFPR, female (% of female population ages 15-64) 49,78 49,97 50,19 50,42 50,67 50.95 51,17 51,41 51,75 51,48 51,21 BWA LFPR, male (% of male population ages 15-64) 76,71 76,23 75,86 75,49 75,02 74,41 73,96 73,35 72,83 71,00 68,97 CAF LFPR, female (% of female population ages 15-64) 56,77 66,75 66,78 66,80 66,82 66,82 66,82 66,76 66,72 66,69 66,72 Central African Republic CA LFPR, male (% of male population ages 15-64) 80,91 80,91 80,94 80,88 80,75 80,55 80,56 80,45 80,31 80,15 80,04 LFPR, female (% of female population ages 15-64) 68,38 68.54 67.96 67,83 67.76 67.78 67,81 68,22 69,03 69,74 70,35 LFPR, male (% of male population ages 15-64) 84,95 83,92 82,74 82,39 82,10 81,55 81,32 81,49 81,42 81,89 81,94 CHI LFPR, female (% of female population ages 15-64) 69.00 68,62 69.81 69.98 68,99 68,93 70,30 70,68 71,99 72,38 71,78 Switzerland CHE LFPR, male (% of male population ages 15-64) 90.64 91.08 90.95 91.01 89.92 90.15 90,08 89,84 90,06 89.68 89,30 CHI LFPR, female (% of female population ages 15-64) 56,57 56.53 56.75 57.29 58.41 58,42 58.15 58,62 59,40 60,45 60,77 CH LFPR, male (% of male population ages 15-64) 81.21 81.58 81.66 81,86 81,75 81,83 81,93 81,80 81,69 81,36 81,22 Chile CHL LFPR, female (% of female population ages 15-64) 35.82 36,55 37.57 38 29 38.90 39.82 40.60 41,78 42,17 42,46 42,42 Chile CHL LFPR, male (% of male population ages 15-64) 81.15 81.30 81.45 81.49 81.50 81.56 81,58 81,20 81,18 81,21 80.07 China LFPR, female (% of female population ages 15-64) 79.39 79.26 79.13 79.00 78.84 78.64 78.41 78.14 77,80 77,39 76,92 China CHN LFPR, male (% of male population ages 15-64) 88,79 88,80 88,86 88.94 89.00 88.99 88.94 88,82 88,63 88,34 87.95 CIV LFPR, female (% of female population ages 15-64) 48,93 48,94 48,96 49.01 49.06 49.08 49.03 49.02 49.01 48,98 48,95 CIV LFPR, male (% of male population ages 15-64) 84.68 84.51 84.23 83,89 83.51 83.02 82.83 82.69 82,51 81,80 81,09 CMR LFPR, female (% of female population ages 15-64) LFPR, male (% of male population ages 15-64) 88,50 88,60 88,63 88.63 88,49 88 26 8808 87,83 87,51 87,18 86,84 Congo, Dem. Rep. LFPR, female (% of female population ages 15-64) 71,40 71,42 71,46 71,51 71 52 71.51 71.49 71.49 71,47 71,48 71,50 Congo, Dem. Rep COD LFPR, male (% of male population ages 15-64) 70,94 71,33 71,73 72,14 72,29 72.26 72.45 72.62 72.64 72.67 72,75 Congo, Rep. COG LFPR, female (% of female population ages 15-64) 66,33 66,32 66,32 66,36 66,45 66.52 66.59 66.71 66.84 67,02 67,17 Congo, Rep. COG LFPR, male (% of male population ages 15-64) 72,38 72,07 71,73 71,47 71.34 71,11 70.94 70.92 70.89 71.01 70,97 Colombia COL LFPR, female (% of female population ages 15-64) 53,40 53,73 54,20 54,77 55,39 55,97 56,26 56,72 56,93 56,68 57,10 COL 86,19 86,30 86,42 86,54 86,64 86,70 86.64 86.61 86,46 86,14 86,10 COM COM LFPR, female (% of female population ages 15-64) 31,98 32,03 32,04 32,10 32,25 32,36 32.49 32.60 32.75 32,92 33,08 LFPR, male (% of male population ages 15-64) 54,09 54,42 54,22 54,13 54,25 53,98 53,84 53,47 53,15 52,77 52,09 Cabo Verde LFPR, female (% of female population ages 15-64) 45,01 45,30 45,60 45,92 46,24 46,54 46,80 47,03 47,24 47,43 47,63 Cabo Verde CPV 87,43 86,86 86,29 85,70 85,06 84,33 83,53 82,62 81,61 80,55 79,47 CRI LFPR, female (% of female population ages 15-64) 35,33 36,09 35,58 36,56 37,88 38,85 37,31 40,58 43,17 43,40 41,84 CRI LFPR, male (" of male population ages 15-64) 87,28 86,15 85,49 86,02 85,75 86,69 84,46 85,55 86,39 85,13 84,63 CUB LFPR, female (% of female population ages 15-64) 41,93 41,81 41,84 41,95 42,05 42,03 41,69 41,58 41,74 41,58 41,65 CUB LFPR, male (2% of male population ages 15-64) 71,64 72,32 73,06 73,81 74,44 74,92 75,49 75,66 75,52 75,54 75,49 LFPR, female (% of female population ages 15-64) 53,33 53,83 54,71 53,86 55,62 54,61 54,97 56,86 56,54 56,49 57,42 Cyprus CYP LFPR, male (% of male population ages 15-64) 80,89 81,10 80,09 81,04 80.17 80.58 80.69 79,46 79,20 79,36 79,15 Czech Republic CZE LFPR, female (% of female population ages 15-64) 63,56 63,80 63,93 64,02 64,43 64,04 63,42 63,28 63,62 63,92 63,61 Czech Republic CZE LFPR, male (% of male population ages 15-64) 79,97 80,40 80.39 80.39 80 39 80,46 80,44 79,52 79,40 79,43 78,76 DEU LFPR, female (% of female population ages 15-64) 57.77 61,49 61.35 60.78 61.58 61,48 61.54 62.14 62,50 63,28 63,50 Germany LFPR, male (% of male population ages 15-64) DJ LFPR, female (% of female population ages 15-64) 47.74 47.69 47.76 47.94 48,08 48.18 48,38 48,52 48,64 48,77 48,97 Djibouti DJ LFPR, male (% of male population ages 15-64) 83.05 83,05 82.72 82.23 81.70 81.45 81.11 81,00 80,99 80,78 80,31 DNK LFPR, female (% of female population ages 15-64) 77.61 78,07 78.20 77.39 73.33 73 30 73 36 73.89 74,77 75,52 75,41 DNK 87.07 86.38 85.76 84.87 83.93 85.63 85.46 85.64 83,87 85,45 84.17 Dominican Republic DOM LFPR, female (% of female population ages 15-64) 37.36 37.28 38,42 39.11 39.24 39.75 40,32 41,26 41,96 42,57 43,03 Dominican Republic LFPR, male (%% of male population ages 15-64)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Corporate Finance

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe

10th edition

978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759

Students also viewed these Economics questions