Labour force participation rate

Reference no: EM13684683

1. Show that the unemployment rate, ur, is related to the employment rate, er and labour force participation rate, pr as follows: ur = ( 1 - er/pr )

2. Presume the labour market is in equilibrium when the labour force participation rate is 0.60 and the employment rate is 0.55. What is the unemployment rate in this economy?

Reference no: EM13684683

Questions Cloud

Differences in demand and price elasticities of demand : Select three goods or services that would have important differences in demand and price elasticities of demand for Christians as compared to non-Christians and describe why these differences would occur and what dissimilarity it would make to market..

Greatest effects the health care market : What three events through the next three years are going to have the greatest effects the Health Care Market? Speculate on how each of these events will affect both the supply and demand curves for Health Care and the price of Health Care.

What rate of return will the firm make on this investment : Switching to powder coating technology will reduce the emission of volatile organic carbons (VOCs) for a firm's production process. The initial cost is $200,000 with annual costs of $50,000 and savings of $90,000 in the first year. Savings are projec..

Elements of electric motor drive systems : Describe, with the aid of diagrams, the electric drive system of your practical or researched system - discuss in detail each of the following elements of electric motor drive systems,

Labour force participation rate : Show that the unemployment rate, ur, is related to the employment rate, er and labour force participation rate, pr as follows: ur = (1 - er/pr ) Presume the labour market is in equilibrium when the labour force participation rate is 0.60 and the empl..

Described as classical example of what type of market : OPEC is described as a classical example of what type of market? Why have they had success and failure? If OPEC had only two members, Saudi Arabia and Kuwait use game theory to describe how much production each would supply to the market. What does d..

Analysis of the leadership styles of steve jobs : Based on your background readings and your analysis of the leadership styles of Steve Jobs and his successor at Apple, Tim Cook, who do you think you would prefer to report to (if Mr. Jobs were still with us) if you were an executive at Apple and why..

Describe why two indifference curves cannot intersect : Using suitable diagrams and appropriate assumptions, Describe why two indifference curves cannot intersect.

Compute the equilibrium price and quantity : Discuss the law of demand. Graph the following demand- supply equations: Qd= 100- 0.5P Qs = P Compute the equilibrium price and quantity. Discover the excess demand, if the price is set at $50. Presume the government imposes a tax ($2/unit) on the se..

User Account

All Pages