User Account

All Pages

Calculate the labour force participation rate

Assignment Help Business Economics
Reference no: EM132812970

Consider the population of a small country, assuming that the number of people in each category is as follows: 

  • total population = 1,200
  • children under age 14 = 200
  • elderly retired people = 300
  • full-time adult students = 20
  • full-time homemakers = 30
  • people working full time for pay = 420
  • people working part time for pay = 120
  • people not working but seeking employment = 60
  • people not working but have given up seeking employment = 50

a. Calculate the labour force participation rate.

b. Calculate the unemployment rate.

c. In the above list, identify the discouraged worker category

d. State True or False: In presence of discouraged workers, the unemployment rate reported in part b of your answer is an understatement of the true unemployment rate. To support your answer, include the discouraged workers in your unemployment rate calculation and compare the result with part b answer.

Reference no: EM132812970

Questions Cloud

What would be the total amount to be capitalized as building : Bob the Builder purchased a small warehouse for $360,000. What would be the total amount to be capitalized as building
How much should be recognized outright as an expense : Of the total actual cost incurred in 2006, how much should be recognized outright as an expense? Research and Development cost for Headway Corporation
How are those tools used to correct a recessionary gap : Fiscal Policy is used by Congress and the President to correct deviations from "full employment".
Discuss the necessary steps for data mining success : Find an article that discusses the necessary steps for data mining success. There are many options out there. Write 2 paragraphs that describe two pros.
Calculate the labour force participation rate : Consider the population of a small country, assuming that the number of people in each category is as follows:
Compute amounts that reported as non-current liabilities : Compute the amounts that should be reported as non-current liabilities for deposits to be reported in the December 31, 2020 statement of financial position
Determine the firms in competitive markets : The market for fertilizer is perfectly competitive. Firms in the market are producing output but are currently incurring economic losses.
Oklahoma city bombing : Executive summary for the Oklahoma City Bombing. this incident from an ethical standpoint and highlight some of the concerns of tactics and safety
Discuss how organizations have faced the challenges : Search "scholar.google" or your textbook. Discuss how organizations have faced the challenges that incident handlers are challenged with in identifying.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd