What is unemployment rate

Assignment Help Business Economics
Reference no: EM133084317

Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working. What is its unemployment rate?

Now suppose 4,000 of the people looking for work get discouraged and give up their searches. What happens to the unemployment rate? Would you interpret this as good news for the economy or bad news? Explain.

Reference no: EM133084317

Questions Cloud

What is the capital recovery cost for a machine : What is the capital recovery cost for a machine costing $420,000 with a life of 6 years and a salvage value of 20% of the initial cost? The rate used by the fir
Calculate the future equivalent of incomes : A building will be constructed in five years. The yearly construction expenditures during these five years are expected to be $400,000 per year.
Deals with climate and environment : The United Nations has continued to retain you as a consultant for a project that deals with climate and the environment.
Example of an ideal market : Suppose you are an American student and you are about to obtain your MBA and start looking for a job. An economist would say that you are about to enter the job
What is unemployment rate : Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working. What is its unemployment rate?
Pricing policies in commodity markets : How can we explain asymmetric consumers' pricing policies in commodity markets?
Stealing linkedin stored data : LinkedIn does not collect the credit card or other financial account information of its members. Why then would profit-motivated hackers be interested in steali
Environment : Can organizations or leaders get ‘stuck' or overbalanced in a particular frame? If so, how and what would be the remedy?
Investments and rate of return : Why might investors demand a lower rate of return for an investment in Microsoft as compared to United Airlines?

Reviews

Write a Review

Business Economics Questions & Answers

  Terms of satisfying customers

Marketing is defined in terms of satisfying customers' needs and wants. Critics maintain that marketing does much more than satisfy customers'

  Us saving bonds and other government bonds

What is the difference between U.S Saving Bonds and other government bonds?

  Increase the amount of education within the economy

The challenge that an economy will be facing is how to deal with an externality. You will find that an externality is a cost or benefit to a third party. A positive externality is a benefit to a third party and an example of that would be education. ..

  Willingness to pay for a good is equal to the price of good

When a buyer's willingness to pay for a good is equal to the price of the good, the

  Why the price elasticities of demand are so different

*Spirits are alcoholic beverages including brandy, vodka, rum, gin, and whiskey. Other alcoholic beverages like wine and beer are not considered spirits.

  What is the intersection of a and? b

What is the intersection of A and? B? What is the union of A and? B? Is the union of A and B collectively? exhaustive?

  Disadvantages of the use of oil and coal in naval ships

Compare and contrast the advantages and disadvantages of the use of oil and coal in naval ships. Do you think a government should continually develop their military??

  Watch the episode of simpsons bart gets an elephant

Watch the episode of The Simpsons "Bart Gets an Elephant". In the episode, the Simpsons find that their pet elephant

  Experiencing from the bureau of labor and statistics

Please explain your reasoning using economic data that our economy is experiencing from the Bureau of labor and Statistics.

  What two key economic principles would be in a success

Gatekeeper models of MCOs require patients to see a primary care doctor before going to see a specialist. What two key economic principles would be involved in a successful gatekeeper program?

  Employing the equation for identical payments

Employing the equation for identical payments over a limited time period, show how you would alter this equation applied to this problem.

  Develop an estimate

Develop an estimate for each of the following situations.

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