What is this countrys unemployment rate

Assignment Help Econometrics
Reference no: EM13189080

The government of a particular small country is facing a huge unemployment crisis. Government officials had just reported that the labor force participation rate was at an all time low of 60%. The number of people without jobs who had stopped looking for one, believing that there were no jobs out there for them, was about 80,000, which represented a fifth of those not in the labor force. Further, the number of people with jobs throughout the economy only totaled 450,000. What is this country's unemployment rate?

Reference no: EM13189080

Questions Cloud

How many distinct terms are there in multinomial expansions : How many distinct terms are there in the multinomial expansions of
Discuss the serious data redundancy problems : Identify and discuss the serious data redundancy problems exhibited by the file structure shown in Figure and looking at the EMP_NAME and EMP_PHONE contents in Figure, what change(s) would you recommend?
What is the probability that none of them are defective : In a sample batch of 40 mechanical pencils it is assumed that 11 are defective. If 4 mechanical pencils are randomly selected, what is the probability that none of them are defective?
What is the speed of the bug relative to the ground : a bug is going 2m/ minutes along the diagonal of a terrarium,indicated in the figure in the overview.The terrarium is mounted on a cart going at 6 meters/minutes. What is the speed of the bug relative to the ground.
What is this countrys unemployment rate : The number of people without jobs who had stopped looking for one, believing that there were no jobs out there for them, was about 80,000, which represented a fifth of those not in the labor force. Further, the number of people with jobs throughou..
Derive the optimization conditions : The owner-manager of Good Guys Enterprises obtains utility from income (profit) and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures. Can you set up the problem and derive th..
Why does walmart have a cost advantage over its competitor : when walmart locates in a smaller town, often the local retailers hardware, clothing and appliance are unable to successfully compete and are driver out of business why does walmart have a cost advantage over its competitor and charge lower prices
Does economic growth ensure all members of a society : Why is U.S. economic growth important to the average American and what is the best way to measure standard of living of the average person: (use unemployment rate, inflation, & GDP in your answer).Does economic growth ensure all members of a societ..
Calculate the number of workers to be laid off : For both sets of calculations, compare the firm's output price and the calculated average variable cost and average total cost. Should the firm shutdown immediately when the total fixed cost equals $1,000,000 Should the firm shut down immediately ..

Reviews

Write a Review

Econometrics Questions & Answers

  Statistical significance of the parameter

Wilpen Corporation, a price-setting company, manufactures nearly 80% of all tennis balls purchased in the United States.

  Find the percentile of the distribution

Assume a normal random variable x, with mean 100 and standard deviation 20. a. Find the probability that a randomly chosen value of x is less than 95. b. Find the probability that a randomly chosen value of x is between 60 and 100. c. Find the 95th p..

  Calculate the optimal output and profit

Suppose that Saudi Arabia lets other members of OPEC sell all the oil they want at the existing price which the Saudis set and other members accept. The daily world demand for OPEC oil is given by:P = 88 2Q

  What quantity of each will you purchase to maximize utility

You are choosing between two goods, X and Y, and your marginal utility from each is as shown below. Units of X MUx Units of Y MUy 1 10 1 8 2 8 2 7 3 6 3 6 4 4 4 5 5 3 5 4 6 2 6 3 If your income is $9 and the prices of X and Y are $2 and $1

  What price should managers charge in each market

The demand curve for the firm's output in the second market is P2 = 80 - 2Q2, where P2 is the price of the product and Q2 is the amount sold in the second market. The firm's marginal cost curve is 5 + Q, where Q is the firm's entire output (destin..

  Compare and contrast the empirical rule

The national average for the verbal portion of the College Board's Scholastic Aptitude Test (SAT) is 507. The College Board periodically rescales the test scores such that the standard deviation is approximately 100. Compare and contrast the Empiri..

  Find the profit-maximizing output level

You are the manager of a company that vaccinates human beings for biological diseases. Your company uses two inputs to produce vaccinations: physicians and laboratories. However, this is a short-run analysis where physicians are variable but labor..

  Calculate the stocks current yield

Suppose that the price of a stock is $50 at the beginning of a year and $53 at the end of the year, and it pays a dividend of $2 during the year. Calculate the stock's current yield, capital-gains yield, and the return.

  Find the annual operational cost of the system

A CNC machine was purchased for $120,000 and has a five-year depreciable life. The shipping and handling cost were $15,000. The annual operational cost of the system is $10,000. The estimated salvage of the machine is $20,000 at the end of five ye..

  Explanation of yield curve

The following statement was released through FOMC following recent meeting on March 21. The Group, although hopeful for a future of moderate growth with moderating inflation,

  What is the value of whoey option in period 0

A Whoey option pays the difference between the final price and the maximum price of a stock over the period of the option. For example, if the price of a stock is 200, 220, and 234 in the previous periods (here periods 0, 1, and 2), the maximum pr..

  Determine the rate at which a nations income per person

according to solows model of economics, what determines the rate at which a nations income per person grows based on that model, what sort of public poicies would be able to increase the growth rate in income per person

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