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

Reverse effect on terms of trade, Q. An export subsidy has the reverse eff...

Q. An export subsidy has the reverse effect on terms of trade to the effect of an import tariff. Domestically a tariff will raise the price of the import good, deteriorating the

Linder theory, According to the Linder theory, trade will occur in goods th...

According to the Linder theory, trade will occur in goods that have overlapping demand. With aid of a graph, illustrate this theory and its implications. Make use of graph

Why could countries design their tariff structures, Q. The effective rate ...

Q. The effective rate of protection is a weighted average of nominal tariffs and tariffs on imported inputs. It has been noted that in most industrialized countries, the nomina

Effects of a permanent increase in the u.s. money supply, Q. Explain the ef...

Q. Explain the effects of a permanent increase in the U.S. money supply in the short run and in the long run. Assume that the U.S. real national income is constant. A raise in

Free trade, what are the limitations of net barter terms of trade

what are the limitations of net barter terms of trade

Explain why relative ppp is useful, Q. Explain why Relative PPP is useful w...

Q. Explain why Relative PPP is useful when comparing countries that base their price levels on different product baskets. Answer: For instance If the U.S price level increase

External economic environment on the project, The external economic environ...

The external economic environment could have implications for the project in various areas. There is no tax in Saudi Arabia; this is a significant political effect on the projec

Calculate the effects of the fall in the relative price, Q. Calculate the ...

Q. Calculate the effects of the fall in the relative price of good 2 on the income of the specific factors capital and land. Answer: For the reason that good 2 uses land, a f

Explain the specific objectives of fiscal incentives, Question: (a) ...

Question: (a) Illustrate the differences between inter and intra industry trade. (b) Foreign Investors generally tend to adopt a two-stage process when evaluating count

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