Nation labor market situation

Assignment Help Business Economics
Reference no: EM133064012

Suppose the following data describe a nation's labor market situation in years 1 and 2.  Year 3 is just like Year 2 except that 2 million more people become "discouraged workers". Please fill in the blanks in the table below and explain your calculations.

 

Year 1

Year 2

Year 3

Population

400

400

400

Labor Force

200

200

 

Labor Force Participation Rate

50%

50%

 

Number unemployed

10.0

12.0

 

Unemployment rate

5%

6%

 

Number employed

190

188

 

Employment  to Population  rate

48%

47%

 

 

Reference no: EM133064012

Questions Cloud

Commercial risks and political risks of non-payment : When it comes to terms of payment; what are two differences between commercial risks and political risks of non-payment
Diminishing marginal utility for a good : Explain why a rational consumer who has diminishing marginal utility for a good would not consume an additional unit when it generates negative marginal utility
Prepare extracts from the statement of profit or loss : Prepare extracts from the statement of profit or loss for the year ended 31 December 20X9 and the statement of financial position at 31 December 20X9
How does a consumer budget set differ : How does a consumer's budget set differ from his budget constraint? For a consumer with a given level of income
Nation labor market situation : Suppose the following data describe a nation's labor market situation in years 1 and 2.
What is the total photon flux density : What is the total photon flux density (in photons per square metre per second) in the spectrum and What is the maximum efficiency of this crystalline silicon
Explain sufficient and appropriate audit evidence : Technological innovations within the industry have caused a major product to become obsolete. Explain sufficient and appropriate audit evidence
Experiences with developing growth plan : Compare your experiences with developing a growth plan. How might you measure success differently than they did? Why?
Stereotype perpetuated within our popular culture : Why are stereotype perpetuated within our popular culture? Please dont copy paste from any site.

Reviews

Write a Review

Business Economics Questions & Answers

  Socially efficient level of production for a firm

A firm has a constant marginal social cost of producing of $2Q. What is the socially efficient level of production for a firm facing an inverse demand P = 60 -

  Q1 consider a monopsony employer in a labour market

q1. consider a monopsony employer in a labour market. elucidate explain how a union in this labour market might

  Write an essay examining the value of auctions

Write an essay examining the value of auctions in the economy by addressing the following items. Explain the difference between oral auctions and second-price

  Warning about use of magic-spells

Warning about use of magic/spells (by whom?) Death of Pelias (how?) Death of Glauce (how?) Death of children (how/ by whom?)

  Identify personal economic decision

Identify a personal economic decision that was driven by a behavioral bias rather than by pure rational behavior. Given your understanding of behavioral economics, how would your decision differ today?

  Couple of equations about a sports team

Sports economics class. have a couple of equations about a sports team. Discussing price discrimination. how do I find how many tickets to sale to maximize prof

  Change in one of these two variables is indeterminate

If these events occour siimutaneously, the price of a complement good (in consumption) increases; it is widely publicized that consumption of the good

  What is the probability that the ball is red

If we flip the coin and select a ball from one of the urns as described above, what is the probability that the ball is red?

  Suppose country is about to open its markets for trade

Would You Benefit in the Short Run? Suppose a country is about to open its markets for trade. You work in an industry that has a comparative disadvantage. Would you be helped or hurt in the short run (explain your answer)? What about your long-run pr..

  Firm finds that the marginal product of capital

Suppose a firm finds that the marginal product of capital is 60 and the marginal product of labor is 20. If the price of capital is $6 and the price of labor is $2.50, describe how the firm should adjust its mix of capital and labor? What will be the..

  Monopolist with a straight-line demand curve

A monopolist with a straight-line demand curve finds that it can sell one unit at $9 each or nine units at $1 each. Its marginal cost is constant at $4 per unit.

  Economic factors might be behind this conventional wisdom

ture capitalists provide funds to finance new companies (start-ups), usually in return for a share of the firm’s initial profits (if any). Of course, venture capitalists look to back experienced entrepreneurs with strong products (or at least 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