Question: Consider the economy whose data appear in the table below. Working-age population 100,000 Labour force population 60,000 Unemployed population 10,000 Instructions: Round your answers to

Consider the economy whose data appear in the table below.

Working-age population 100,000

Labour force population 60,000

Unemployed population 10,000

Instructions:Round your answers to one decimal place.

a. The unemployment rate is%________.

b. The labour-force participation rate is%________.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Consider the economy whose data appear in the table below. Working - age population 1 3 0 , 0 0 0 Labour force 6 5 , 0 0 0 Unemployed 1 2 , 0 0 0 Instructions: Round your answers to one decimal...

Q:

Consider the economy whose data appear in the table below. 34 Category Value Working-age population 100, 000 Labour force 60, 000 Unemployed 10, 000 8 01:00:00 Instructions: Enter your answers as a...

Q:

Directions: Please respond to the questions listed below. For These you can give direct answers with no explanation. Note: THIS ISNT FOR AN ASSIGNMENT BUT MERELY FOR MY OWN UNDERSTANDING AND...

Q:

Week 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68...

Q:

Zence Style cture Advanced Gente Vocabulary Plagiarism Issues enhancement Settings About Open View Tour FAQ Premium Settings Help 2. The working age population of Cortina is 32 million, its...

Q:

ECON 305 The data in the table below are for the country of Eturia. 10 2015 2016 2017 points Nominal GDP ($billions) 350 386 430 Real GDP ($billions) 330 355 377 Population (millions) 16 17 17.5...

Q:

An Investigation into obesity rates Researchers have been interested in studying the obesity trends worldwide over the past 25 years. In 2014 the World Health Organization (WHO) declared there were....

Q:

Object 1 WebAssign Welcome, jeremy.guillory@grandcanyon (log out) Friday, November 18 2016 03:11 AM MST Home My Assignments Grades Communication Calendar My eBooks My Ebooks Introduction to the...

Q:

need these fast 1. Which of the following is an example of a positive statement? O A. If this good is bad for you, you should not consume it. O B. If you consume this good, you will get sick. O C....

Q:

14. [-/4 Points] DETAILS HARMATHAP12 1.6.040. Complete the problem by using the accompanying gure, which shows a supply function and a demand function. (Assume price is measured in dollars.) p 40 30...

Q:

Cool Denim Company produces two items called Boot Jeans and Skinny Jackets . A unit of Boot Jeans requires 8 yards of denim and 2 pounds of R22 dye. A unit of Skinny Jackets requires 15 yards of...

Q:

The circular arc cam rotates uniformly at 600 rpm and operates a flat-footed reciprocating follower. The base circle radius= 24 mm, the nose circle radius= 3 mm, the center distance between the base...

Q:

10. Rational Expectations Suppose that people in an election year believe that public officials are going to pursue expansionary policies to enhance their reelection prospects. How could such...

Q:

Consider the following information: State Probability Stock A Stock B Stock C Boom 0.65 0.09 0.04 0.03 Bust 0.35 -0.15 0.22 -0.03 What is the expected return on an equally weighted portfolio of these...

Q:

How is the labormanagement relationship at Kaiser Permanente different from some more traditional labormanagement relationships? Why do you think that is?

Q:

If you were an employee at Boeing in South Carolina, would you have voted for or against the union? Explain.

Q:

Assume you are the general manager of a small seafood company. Most training is unstructured and occurs on the job. Currently, senior fish cleaners are responsible for company has been profitable,...