Find the unemployment rate for the nation

Assignment Help Business Economics
Reference no: EM131108628

The unemployment rate of western states is 4.9%, for eastern states it is 6.2%, for southern states it is 4.6%, and for Midwestern states it is 6%. The western states comprise 12% of the labor force, the eastern states comprise 17% of the labor force, the southern states comprise 26% of the labor force, and the midwestern states comprise the remainder of the labor force. Find the unemployment rate for the nation. (please round your answer to 2 decimal places)

Reference no: EM131108628

Questions Cloud

Calculate the quantity produced by all non-cartel firms : Assume that there are 10 firms in the oil industry producing a specific type of processed petroleum. Given the price P, how much will each non-cartel firms produce? i.e. what is (q1 q2 q3 q4)? Using the optimal rule MR=MC, find the optimal quantity p..
Question on call for transparency and accountability : The Federal Trade Commission (FTC) recently issued a report titled, "Data Brokers: A Call for Transparency and Accountability."  What is the role of   the FTC with respect to consumer privacy?  What is the significance/impact of this report?
Length of lossless transmission line of characteristic : If the line is terminated at both ends as shown below, fin /λ for the first resonance, and the unloaded Q of this resonator.
Who key collaborators in providing services to christoper : What are your thoughts about inclusion based on the video? What is the significance of inclusive services in "natural environments" for individuals with disabilities, their families, and providers? Who were key collaborators in providing services t..
Find the unemployment rate for the nation : The unemployment rate of western states is 4.9%, for eastern states it is 6.2%, for southern states it is 4.6%, and for Midwestern states it is 6%. The western states comprise 12% of the labor force, the eastern states comprise 17% of the labor force..
Two java application using netbeans ide : Modify the Week Two Java application using NetBeans IDE to meet these additional and changed business requirements:
Why is the shadow banking system an important part : Why is the shadow banking system an important part of the? 2007-2009 financial? crisis? The shadow banking system was able to take on significantly less risk than other financial? firms, preventing the economy from losses.
Depreciation on the tax return : Prepare the income tax expense section of the income statement for 2010, beginning with the line "Income before income taxes."
Discuss the impact of political processes on policy content : It is difficult to assess the independent effect of public opinions on shaping public policy. Discuss the impact of political processes on policy content in context of the preceding statements

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!

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