Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

The following is employment information about the country A. Entire Population 1900 People under the age of 16 300 Retired people 450 Number of people

The following is employment information about the country A.

Entire Population 1900

People under the age of 16 300

Retired people 450

Number of people with full time job 500

Number of people with part time job 350

Number of people without a job but looking for one 150

Number of people without a job and not looking for one 150

What is the labor force participation rate?
What is labor force? And the unemployment rate?

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

Business A Changing World

Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell

10th edition

1259179397, 978-1259179396

More Books

Students also viewed these Economics questions

Question

★★★★★

Brian Brunner is an entrepreneur who has invented several devices that are used in the telecommunications industry. He has patented the devices and manufacturers them in a job shop in Oklahoma City....

Answered: 1 week ago

Question

★★★★★

The document that explains all the differences between the companys cash records and the banks figures is called a(n) a. bank collection. b. electronic fund transfer. c. bank statement. d. bank...

Answered: 1 week ago

Question

★★★★★

We say that is a p-percentile of the distribution F if F( ) = p. Show that if is a p-percentile of the IFRA distribution F, then F(x) e x , x F(x) e x , x

Answered: 1 week ago

Question

★★★★★

Situation During 2010, one of the customers of Klote Company declared bankruptcy. This customer had been a major purchaser of Klotes products and had owed $40,000 on account to Klote (a material...

Answered: 1 week ago

Question

★★★★★

whole transaction 12. Atter allowing a discount of 12% on the marked price, a shopkeeper still gains 21%. By what per cent is the marked price above cost price? Profit, Loss and Discount 125

Answered: 1 week ago

Question

★★★★★

Social Security benefits are provided for which function? To support people after retirement to reduce the burden on younger workers in society. To support persons who have been temporarily laid off...

Answered: 1 week ago

Question

★★★★★

As much as you may have a preference for a type of network (e.g., broadband, wireless) each technology has both disadvantages and advantages. Discuss the advantages and disadvantages of different...

Answered: 1 week ago

Question

★★★★★

James, a newly recruited employee of an organization, received an email containing a fake appointment letter. The letter claims to have been sent by the real organization. James failed to identify...

Answered: 1 week ago

Question

★★★★★

East Pangea has computed the costs of its market baskets for three years in the table below. Using 2016 as your base year, compute the Consumer Price Index Number for all three years for East Pangea:...

Answered: 1 week ago

Question

★★★★★

"IT's About Business 7.3 Amazon's B2B Marketplace Amazon Business (www.business.amazon.com) is Amazon's e-commerce website that caters to the wholesale and distribution business-to-business (B2B)...

Answered: 1 week ago

Question

★★★★★

1. In studying the motion of a string, it is determined that the speed of the various points along the string is given by the function v(s, t,m) = 2a + 3t+4ys +6+2 km where s is the coordinate of...

Answered: 1 week ago

Question

★★★★★

operation research I 4. In the transportation problem in the following Table, the total demand equals the total supply. Use the North-West Corner Method to find the starting solution and then apply...

Answered: 1 week ago

Question

★★★★★

2. Find out if there are other reference points that can be used as reasonable alternatives.

Answered: 1 week ago

Question

★★★★★

1. Identify your reference point when making a decision based on an element of risk.

Answered: 1 week ago

Question

★★★★★

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.

Answered: 1 week ago

Previous Question Next Question