Computing the number of employed people

Assignment Help Microeconomics
Reference no: EM131777698

Qusetion: Suppose that the number of employed people is 6 and the number of unemployed people is 4 so that the size of the labor force is 10. The unemployment rate would be__________ percent. Now suppose that two people become discouraged and stopped looking for work. The number of unemployed people would then be _________ people and the size of the labor force would be __________. The unemployment rate would then be _______ percent.

Reference no: EM131777698

Questions Cloud

Average per unit monthly rental rate : The buyer believes that the average per unit monthly rental rate ($500) is below market and can be increased.
Calculate the amount of required reserves : Households do not hold any currency. All funds that are received are deposited. Suppose the Bank of Florida only liabilities are checkable deposits.
Describe the strengths in inter-organizational coordination : Describe the Strengths and weaknesses in inter-organizational coordination. What could be done to strengthen inter-organizational coordination?
Capability to produce the good or service : What are the benefits and costs to society when well-established firms like Firebird outsource when they clearly have capability to produce the good or service?
Computing the number of employed people : Suppose that the number of employed people is 6 and the number of unemployed people is 4 so that the size of the labor force is 10.
How protectionism distorts supply-demand equilibrium : Discuss how protectionism distorts supply/demand equilibrium. How do governments around the world implement protectionist policies?
Graph pete consumption possibilities curve : Pete's a kid and his weekly allowance is $10. He spends his entire allowance between gummi bears and chocolate. A price of a pound of gummi bears.
What is the total value of the company : Free cash flow is expected to grow at a 6% rate after 2011. The weighted average cost of capital is 11%. What is the total value of company as of 12/31/2010
Based on globalization trends and technological advances : They typically processed and shipped small quantities to small metalworking shops. Based on globalization trends, technological advances, and economic policy,

Reviews

Write a Review

Microeconomics Questions & Answers

  Discuss the ways of tariffs

Discuss alternative ways other than tariffs that governments in a less-developed country might encourage and support easy ISI firms to produce in competition.

  What is the maximum the money supply could increase

Presume that the central bank has increased the money supply such that there is an additional $241907 in excess reserves. If the reserve ratio is 8.0 %, what is the maximum the money supply could increase? Round your answer to the nearest dollar

  Market forces of supply and demand

Has there been an increase or decrease in demand? Factors that could shift the demand curve include changes in preferences , changes in income, changes in the price of substitutes or complements, or changes in the number of consumers in the market..

  What is the revenue maximizing price

The demand for tickets at each game is q = 100,000 - 6,000P.  If the capacity of the stadium at that university is 40,000 seats, what is the revenue maximizing price for this university to charge per ticket?  I already know the answer is $10.  I need..

  Show a tax or subsidy wedge

Show a tax or subsidy wedge (whichever you think is appropriate) that will solve the problem of the external cost

  Current theme in the organization is cost containment

Your co-workers are upset that the current theme in the organization is cost containment and they see that money is being spent on remodelling the emergency department, which is unable to keep up with the demand due to inadequate space. Describe how ..

  Describe the drawing release and design review processes

For an engineering design or project management system you are familiar with, describe the drawing release and design review processes.

  Find all of equilibrium solutions of differential equation

Find all of the equilibrium solutions of the differential equation y' = y2 - 1. Also plot the slope field. What do you think will happen to solutions that are not equilibria?

  What dependent variable was used and how is it measured

RSCH 8200- What dependent variable was used and how is it measured? What independent variable is used and how is it measured? If you found significance, what is the strength of the effect?

  How did microsoft fare with its appeal to court of appeals

How did Microsoft fare with its appeal to the court of appeals? Was the final rememdy in the case a structural remedy or a behavioral remedy?

  Surpluses are eliminated in a free market system

Explain how shortages/surpluses are eliminated in a free market system. You can use graphs and specific examples in your analysis. Graphs don't count towards the word limit.

  Ms smith the owner and manager of the clear duplicating

ms. smith the owner and manager of the clear duplicating service located near a major university is contemplating

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!

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