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Use the following scenario to answer the questions (Part B1) and (Part B2).
In a given year in the United States, the total number of residents is 100 million, the number of residents under the age of 16 is 38 million, the number of institutionalized adults is 15 million, the number of adults who are not looking for work is 17 million, and the number of unemployed is 5 million.
(Part B1) Refer to the data in the above scenario. What is the size of the labor force in the United States for the given year?
(Part B2) Refer to the data in the above scenario. What is the unemployment rate in the United States for the given year?
Suppose that in Horsehead, Massachusetts, the cost of operating a lobster boat is $4,000 per month.Suppose that if x lobster boats operate in the bay, the total monthly revenue from lobster boats in the bay is $1,000(28x - x2).
When you are a manager for a MNC in a foreign country do you interfere with local customs such as mistreatment of women and use of 10 year old children as child labor, or do you respect the local customs and traditions?
The topic of unemployment in the U.S. Use a minimum of three scholarly sources. You have the freedom to take any aspect of unemployment that you desire to research.
Paul Volker was chairman of Federal Reserve system in the late 1970 and through most of the 1980.
where P is the price in cents per kilo and Q is the quantity in millions of kilos. Canada is a small producer in the world chick pea market, where the current world price (which will not be affected by anything we do) is 60 cents per kilo. The Gov..
How have the frequent shifts from civilian to military rule and back again exacerbated Nigeria's social and economic problems? What direction do you feel Nigeria should take in the future?
Bright Future, Ltd (BF) is a non-profit foundation providing medical treatment to emotionally distressed children. Determine the optimal amount of service provided by BF.
What policy rule do monetarists believe the Fed should follow? What are the major assumptions underlying this policy prescription?
consider the case of two countries that start with equal levels of gdp. the growth rate of the first country is 3 while
Gross national product measures the value of ________, while gross domestic product measures the value of ________.
Describe a moral hazard problem your company is facing. What is the source of the asymmetric information? Suppose that every driver faces a 1% probability of an automobile accident every year. An accident will, on average, cost each driver $10,00..
Let's say, country A and B both consume and produce only food and clothing. Both countries use only labor to create these two products.
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