Eco, International Economics

Assignment Help:
Ask questionQuestion 1: Compute various indicators of the state of the labour market using the following information. Please show all steps of your calculation. If you do not, you will receive zero marks for the question(s). (4 marks in total)



Open a new spread sheet on excel spread sheet. Then type = (on a cell), then type Rand ()

Demographic Group Number of Residents

Full-time workers 700000

Part-time workers 200000
Unemployed and looking for work 60000
Unemployed and not looking for work due to discouragement over job
prospects 50000
Not working due to disability 30000
Not working due to retirement 90000
Under the age of 15 300000
Total Population 1430000


i) What is the size of the labour force in this economy?

ii) Calculate the Labour Force Participation Rate for this economy. Report as a percentage to two decimal places.

iii) Calculate the Unemployment Rate for this economy. Report as a percentage to two decimal places.

iv) Explain various types of Unemployment?

#Minimum 100 words accepted#

Related Discussions:- Eco

Why governments sometimes chose to devalue their currencies, Q. What are th...

Q. What are the three main reasons why governments sometimes chose to devalue their currencies? Answer: 1. Permit the government to fight domestic unemployment despite the

Balance of payments deficits, Q. Refute the claim by mercantilists who clai...

Q. Refute the claim by mercantilists who claimed that without severe restrictions on international trade and payments, a country might find itself impoverished and without an adequ

Porter competitive forces model, Porter Competitive Forces Model:   ...

Porter Competitive Forces Model:         Effectively dealing with the competitive forces that exist within its industry lead to a successful organization. The organization i

Effects of 9/11 on the size of the eurocurrency markets, Q. What do you exp...

Q. What do you expect would be the effects of 9/11 on the size of the Eurocurrency markets? Answer: Will increase because of fear that foreign deposits in the United States wi

Delay line, what is delay line in cro?

what is delay line in cro?

Does foreign aid lead to economic growth?, Question 1: The main challen...

Question 1: The main challenge facing governments in the 21st century revolves around containing and/or downsizing of public spending. Explain why reduced government interventi

Opportunity cost, what is the criticism of opportunity cost

what is the criticism of opportunity cost

Gravity model of trade, I need to use the gravity model to analyse the eff...

I need to use the gravity model to analyse the effects of the euro on tradeflows. is this something u can do?

Write Your Message!

Captcha
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