Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 08, 2024

Suppose 1,800,000 people are employed, 40,000 people are unemployed, and an additional 250,000 people are not in the labour force but are of working age.

Suppose 1,800,000 people are employed, 40,000 people are unemployed, and an additional 250,000 people are not in the labour force but are of working age. What is the formula for the unemployment rate?

Calculate unemployment rate and briefly explain how you did this. What is the formula for the labour force participation rate?

Calculate the labour force participation rate and briefly explain how you did this

Thanks !!!!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

The American Economy

Authors: Walter Greason, William Gorman

1st Edition

1524902675, 9781524902674

More Books

Students also viewed these Economics questions

Question

★★★★★

What does the Fed consider to be price stability?

Answered: 1 week ago

Question

★★★★★

1065 Compare the results of your designs of the circuits in Figures P1063 and P1064. Since both circuits purport to have the same response characteristics, what are the advantages and disadvantages...

Answered: 1 week ago

Question

★★★★★

A random variable X has distribution function where ???? and m are positive constants. (i) Identify the point(s) at which F has jumps. (ii) Find the density function associated with the continuous...

Answered: 1 week ago

Question

★★★★★

Refer to the bond details in Problem 10-2A, Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2016, that pay interest semiannually on June 30 and December 31. The bonds are issued at a...

Answered: 1 week ago

Question

★★★★★

write 5 different cloud computing platforms, benefits, challenges, their applications.

Answered: 1 week ago

Question

★★★★★

If Martin observes that the risk-free rate is 29 and the market risk premium is 5% then according to the Capital Asset Pricing Model (CAPM), he knows that for a stock with a beta of 1.4, the required...

Answered: 1 week ago

Question

★★★★★

Golden Food Products produces special - formula pet food. The company carries no inventories. The master budget calls for theRequired: Prepare a profit variance analysis. Note: Enter your answers in...

Answered: 1 week ago

Question

★★★★★

Redwood Company sells craft kits and supplies to retail outlets and through its catalog. Some of the items are manufactured by Redwood, while others are purchased for resale. For the products it...

Answered: 1 week ago

Question

★★★★★

A surface mount PCB placement/soldering line is to be installed for $2,300,000. It will have a salvage value of $100,000 after 5 years. Determine the depreciation deduction and the resulting...

Answered: 1 week ago

Question

★★★★★

How can stakeholders track how the planning team has addressed key issues during the development of the master plan study? Group of answer choices Preparation of meeting minutes Develop and follow a...

Answered: 1 week ago

Question

★★★★★

You are interested in the effects of time spent viewing television and Body Mass Index on cardiovascular fitness (CVF) in children. You have a sample of 60 middle school students. Each student...

Answered: 1 week ago

Question

★★★★★

1. Judith Sills, clinical psychologist who writes a column for Psychology Today, says your brand is the professional identity you create in the minds of others. Would you take the time to create your...

Answered: 1 week ago

Question

★★★★★

2. Organizations are continually searching for ways to reward various employee behaviors. Pretend you are currently working at an upscale retail clothing store and the manager asks you to help her...

Answered: 1 week ago

Question

★★★★★

c. Time off. Employees who achieve sales goals established by management could earn up to four hours of paid time off each week.

Answered: 1 week ago

Previous Question Next Question