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In Country Y, the total population is 300 million people (all of them non institutionalized civilians aged 16 and over), 146 million are working
In Country Y, the total population is 300 million people (all of them non institutionalized civilians aged 16 and over), 146 million are working and 7.2 million are looking for a job. a. Calculate the labor force. b. Calculate the labor force participation rate. c. Calculate the unemployment rate. d. Is this an acceptable unemployment rate in the U.S.? Why or why not? Using the following CPI data: Year CPI 2011 224.9 2012 229,4 2013 233.5 a. Calculate the inflation rate between 2011 and 2012. b. Calculate the inflation rate between 2012 and 2013. c. Are either of the above inflation rates acceptable in the U.S.?
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a To calculate the labor force we need to add the number of people who are working 146 million to th...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
