Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

. The number of people employed in a city is 128,000. The adult population is 201,000, and the labor force participation rate is 67%. Based

. The number of people employed in a city is 128,000. The adult population is 201,000, and the labor force participation rate is 67%. Based on the figures, calculate the following. Show your work.

a. the unemployment rate

b. the number of people in the labor force

c. the number of adults not in the labor force

d. how the economy is doing

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered 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

Money Banking and Financial Markets

Authors: Laurence M. Ball

2nd edition

1429244097, 978-1429244091

Students also viewed these Economics questions

Question

★★★★★

How are the relative frequencies and percentages of categories obtained from the frequencies of categories? Illustrate with the help of an example.

Answered: 1 week ago

Question

★★★★★

How could there be an economic profit but not an accounting profit?

Answered: 1 week ago

Question

★★★★★

What is the law of Prgnanz and how can it be illustrated?

Answered: 1 week ago

Question

★★★★★

Bell Manufacturing is attempting to choose the better of two mutually exclusive projects for expanding the firms warehouse capacity. The relevant cash flows for the projects are shown in the...

Answered: 1 week ago

Question

★★★★★

A stock has a beta of 1 . 5 0 and the volatility of the stock is 6 0 % . If the market portfolio has a standard deviation of 2 5 % , what is the correlation between the stock and the market portfolio?

Answered: 1 week ago

Question

★★★★★

Exercise 9-20B Determining transfer prices LO C2 The trailer division of Baxter Bicycles makes bike trailers that attach to bicycles and can carry children or cargo. The trailers have a retail price...

Answered: 1 week ago

Question

★★★★★

Laker Incorporated's fiscal year-end is December 31, 2024. The following is an adjusted trial balance as of December 31. Accounts Debit Credit Cash $10,400 Supplies 31,000 Prepaid Rent 22,000...

Answered: 1 week ago

Question

★★★★★

Assume that you are in the 15 percent marginal tax bracket and that you have $10,000 to invest. You have narrowed your investment choices down to California municipal bonds with a yield of 8.5...

Answered: 1 week ago

Question

★★★★★

1. Discount Banners pays $180,000 cash for a group purchase of land, building, and equipment. At the time of acquisition, the land has a market value of $28,500, the building $123,500, and the...

Answered: 1 week ago

Question

★★★★★

Bramble Hardware Limited reported cost of goods sold as follows. 2022 2021 Beginning inventory $27,400 $19,700 Cost of goods purchased 188,100 170,300 Cost of goods available for sale 215,500 190,000...

Answered: 1 week ago

Question

★★★★★

Bramble Ltd. holds equities securities in its portfolio and is accounting for those investments using the FV-NI method. On March 1, 2023, the company purchased 11000 shares of a publicly traded...

Answered: 1 week ago

Question

★★★★★

Question 14 2 pts An automobile service center can take care of 7 cars per hour. If cars arrive at the center randomly and independently at a rate of 5 per hour on average, what is the probability of...

Answered: 1 week ago

Previous Question Next Question