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

What illustrate argentinas regress from riches to rags, Q. Illustrate why ...

Q. Illustrate why Argentina, one of the world's richest countries at the begning of the twentieth century, has become progressively poorer relative to the industrial countries. [

Trade theory, what you do understand by the term effective rate of protecti...

what you do understand by the term effective rate of protection

Goal of a single shared currency, Q. Why did the EU countries move away fro...

Q. Why did the EU countries move away from the EMS toward the goal of a single shared currency? Answer: 1. To produce a superior degree of European market integratio

International trade, International business involves the management of inte...

International business involves the management of international risk. To minimize risks commercial parties utilize independent guarantees and standby letters of credit. (a)  Dis

Financial resources, Financial Resources: The first investor is the Fitaih...

Financial Resources: The first investor is the Fitaihi Company under the leadership and technical and medical assistance of Dr. Walid Fitaihi, who was then joined by other investo

Trade, trade experience of developing countries

trade experience of developing countries

Capital gain in high inflation economy, Hello, I rent an appartment in Braz...

Hello, I rent an appartment in Brazil, a country known for its high inflation rates, but I live in Switzerland. Does this mean when I exchange Reais to Swiss Francs (in a +- consta

Pestel framework, The PESTEL is a strategic development technique that prov...

The PESTEL is a strategic development technique that provides a helpful framework for analyzing the environmental pressures on an organization (Rogers, 1999). PESTEL framew

Explain the law of one price. give an example, Q. Explain the Law o...

Q. Explain the Law of One Price. Give an example. Answer: The law of one price affirms that in competitive markets free of transportation costs and trade barriers ide

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