Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

D M Inbox (7,138) x G Problem 7-6 ( X D21 Assignment # X Question 4 - / X Search Result X * Homework H

image text in transcribedimage text in transcribed
D M Inbox (7,138) x G Problem 7-6 ( X D21 Assignment # X Question 4 - / X Search Result X * Homework H X * Search Result X G 1970000 - Go x + X C https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=08launchUrl=https%253A%252F%252FIms.mheducation. Not syncing Assignment #7 - Chapter 9 Saved Help Save & Exit Submit 13 Check my work 4 The table below shows labour force information for a hypothetical economy. Answer the following questions, writing out millions of workers to two decimal places e.g. 1.00 million and percentages to one decimal place e.g. 1.0%. 2014 2015 10 Total population 15 years and over 4.20 million 4.20 million points Those 15 years and over not in the labour force 1.40 million 1.40 million population Part-time workers who wish to have full-time jobs 100,000 125,000 eBook Part-time workers who do not wish to have full-time 300,000 375,000 References jobs Discouraged workers 400,000 500,000 Workers with full-time jobs 1.20 million 1.30 million Unemployed members of the labour force 150,000 160,000 a. The labour force population in 2014 is 1.1 million while the labour force is million. The participation rate in 2014 is % and the official unemployment rate is %. The labour force population in 2015 is million while the labour force is million. The participation rate in 2015 is % and the official unemployment rate is 1%. b. Between 2014 and 2015 the official unemployment rate has decreased while the number of unemployed members of the labour force has increased Mc Graw Hill 8:57 PM Type here to search O gi m Rain... ~D g ( ) ENG 2022-03-06c. If the unemployment rate included underemployed and discouraged workers, the unemployment rate would be % in 2014 and % in 2015

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

Accounting Principles

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

7th Canadian Edition Volume 2

1119048478, 978-1119048473

Students also viewed these Economics questions