What is the size of the labor force in the us

Assignment Help Econometrics

Reference no: EM13190495

Suppose nominal GDP in 1999 was $100 billion and in 2001 it was $260 billion. The general price index in 1999 was 100, and in 2001 it was 180. Between 1999 and 2001, the real GDP rose by what percent?

(b.) Use the following scenario to answer questions (b1) and (b2).
In a given year in the United States, the total number of residents is 230 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 27 million, and the number of unemployed is 12 million.

(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?

(b2.) Refer to the data in the above scenario. What is the unemployment rate in the United States for the given year?

Reference no: EM13190495

Questions Cloud

Find the thickness of the frame : If the outside of a picture frame measures 9 in by 15 in. of the picture shows. Find the thickness of the frame?

What decisions should you make regarding production levels : You know from data collected on the Widget Market that market demand has recently decreased and market supply has recently increased. As manager of the facility, what decisions should you make regarding production levels and pricing for your Widge..

Which choice shows y2 in isolated : which choice shows y2 in isolated

What is the probability that all three will be worried : A recent poll found that 30% of those surveyed are worried about aggressive drivers on the road. If three people are selected at random, what is the probability that all three will be worried about aggressive drivers on the road?

What is the size of the labor force in the us : Suppose nominal GDP in 1999 was $100 billion and in 2001 it was $260 billion. The general price index in 1999 was 100, and in 2001 it was 180. Between 1999 and 2001, the real GDP rose by what percent.What is the unemployment rate in the United Stat..

Compare between segmentation and virtual memory organization : In a table forma, compare between segmentation and virtual memory organizations in terms of the memory structure, advantages, and disadvantages.

What time was it when she looked at her watch : At a certain time, Janice notices that her digital watch reads a minutes after two o'clock. Fifteen minutes later, it reads b minutes after three o'clock. She is amused to note that a is six times greater than

What is the marginal cost of the first worker : You have been hired to manage a small manufacturing facility whose cost and production data are given in the table below. Workers Cost Output Revenue 1 $300 50 $350 2 600 140 675 3 900 ..

What was bill principal balance at the beginning of april : Bill Moore is buying a used Winnebago. His April monthly interest at 9% was $120.

User Account

All Pages