Suppose you live in a community of 100 people. If 80 people are over 16 years old

Question:

Suppose you live in a community of 100 people. If 80 people are over 16 years old and are willing and able to work, and 72 people are employed, what is the unemployment rate in this community?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

See More Books

Question Posted: Jan 19, 2023 03:56 AM

See More Questions

Suppose you live in a town with two hospitals-one large and the other small. On a given day in one of the hospitals, 60% of the babies who were born were girls. Which one do you think it is? Or, is...
Suppose you live in a neighborhood with a few expensive homes and many modest homes. 1. If you wanted to impress people with the neighborhood where you lived, which measure would you give as the...
What is a business cycle? How is the unemployment rate measured? How has the unemployment rate varied over time in the United States? Do most high-income countries experience about the same average...
1. Dependence of business on environment (Define) 2. Business and environment ethics (Define) 3. Ethical behaviour includes 1) 2) 3) Business and Ecological (environmental ethics)
Consumer Reports conducted a taste test on 19 brands of boxed chocolates. The following data show the price per serving, based on the FDA serving size of 1.4 ounces, and the quality rating for the 19...
The most recent financial statements for Cardinal, Inc., are shown here: Assets and costs are proportional to sales. Debt and equity are not. A dividend of $2,100 was paid, and the company wishes to...
A particle that has mass $m$ and charge $q$ enters a uniform magnetic field that has magnitude $B$ and is directed along the $x$ axis. The initial velocity of the particle is in the $x y$...
Bauer Industries is an automobile manufacturer. Management is currently evaluating a proposal to build a plant that will manufacture lightweight trucks. Bauer plans to use a cost of capital of 12% to...
(a) Discuss four benefits that would accrue to a foreign investor investing in the international bonds and (b) Highlight four conditions that must be met by a subsidiary before it could be considered...
Why might frictional unemployment be higher in a period of plentiful jobs (low unemployment)?
How is the logic of this article an application of opportunity cost reasoning?
Firton Brothers purchased for $90,000 a tract of land that included an abandoned warehouse. The warehouse was razed, and the site was prepared for a new building at a cost of $10,000. Scrap materials...
2 . I have 2 gold coins, each 1 oz and 18K. I melt them to make a gold chain for myself. What is the purity of the gold chain? What is the weight of the gold chain?
Use the image to answer the following questions in order: 1. Which of the primate skulls represents a strepsirrhine? 2. Name one characteristic that led you to that conclusion. 3. Which of the...
S Book Print Activity Cost Pool Labour related Machine related Machine setups Production orders Product testing Packaging ferences General factory Estimated Overhead Cost $ 60,000 80,000 Expected...
Prepare T-Accounts Date February 1 Cash Description T. Michaels, Capital February 3 Office Supplies Accounts Payable February 4 Building Land Cash February 8 Cash Service Revenue February 10 Accounts...
2. The table below shows ages of 16 students sampled from CHEM 2010 class. a. Find the five-number summary. b. Find the modal observation(s). c. Compute and interpret the z-score of a student with...
One of the environmental factors affecting judgment is the "rush to solve" judgment trap. Briefly describe that trap and how it applies to the situation affecting the anonymous caller.
1. Firms may hold financial assets to earn returns. How the firm would classify financial assets? What treatment will such financial assets get in the financial statements in accordance with US GAAP...
a. Critically evaluate the provision resulting from the Uruguay Round to require that the least trade-restrictive measures should be used to achieve environmental goals. Include in your answer both...
Suppose that under the United States-Canada Air Quality Agreement, both countries agree to a combined 30 percent SO 2 abatement standard. Further assume that the following SO 2 abatement cost...
Assume you are a city planner working on a new industrial park and contemplating the use of an industrial ecosystem. Discuss the major advantages and disadvantages of an industrial ecosystem that you...
A steamroller has a large, heavy cylindrical barrel that is 4 m wide and has a diameter of 2 m. a Find the area of the curved surface of the barrel, to two decimal places. b After 10 complete turns...
5. Lucia and Suraya decide to purchase a house together as an investment property. They a. purchased the home for $752,000. After selling their Bit Coin stocks and pooling their savings they were...
3. a. b. Derive a decimation-in-time FFT algorithm for a 12-point DFT, and draw a complete flow diagram for the algorithm. Calculate the approximate number of complex operations required to compute...

Suppose you live in a community of 100 people. If 80 people are over 16 years old

Question:

Step by Step Answer:

The unemployment rate ...View the full answer

Exploring Economics

Students also viewed these Business questions