Question: Marc graduated in 2023 and he started looking for a job. Last week he read the following information: The number of unemployed is 2,450,000 The

Marc graduated in 2023 and he started looking for a job. Last week he read the following information: The number of unemployed is 2,450,000 The labor force is 15,000,000 Working age population is 18,540,000 Calculate the following: 1) Number of employed 2) Unemployment rate 3) Employment rate 4) Marc noticed lately that foreign investment increased and about 125,000 vacancies were created and filled by unemployed people. Calculate the new unemployment rate. 5) Calculate the number of people who are not in the labor force.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To calculate the requested values based on the given information we can use the following formulas 1 ... View full answer

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!

This essay should incorporate many of the concepts learned throughout the semester. It is important that you answer each part of the question thoroughly and provide the information requested. Read...

The Organizational Behavior course for the semester appeared to promise the opportunity to learn, enjoy, and practice some of the theories and principles in the textbook and class discussions....

Question: Old MathJax webview Old MathJax webview i need ans of these question but the source is alot Old MathJax webviewOld MathJax webview i need ans of these question but the source is alot these...

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

"DISCUSS THE EFFECTS OF COVID 19 ON LABOR MARKETS AND THE ECONOMY" Provide an introduction and the background of your study, and clearly state what your research question or objective is. What real...

People employed in service occupations, such as personal care and food preparation and serving occupations, were among the least likely to be paid by their employer for the hours they missed. One in...

1-Please provide 5 cross-examination questions for: Chris Moss Dr. Gerry Stein Sydney Payne Terry Preece Leslie Brown Alex Lloyd 2-Explain why/how/if you would use exhibits A, B, C, and D. 3-What...

1. 1. Measuring employment, unemployment, and labor force participation Consider a small economy composed of six people: Nick, Rosa, Tim, Alyssa, Crystal, and Brian. Each person's employment status...

Please helpFrom the text- please make one annotation per page Workbook please complete using the text 4 Files 4:01 PM Fri May '13 Insert Draw Layout Review View Unit 4Economic Indicators Name: HR:...

Final_Exam_Macro Question 1 (2 points) Purchasing-power panty theory does not hold at all times because many goods are not easily transported and the same goods produced in different countries may be...

TANGLEWOOD CASEBOOK for use with STAFFING ORGANIZATIONS 5th Ed. Kammeyer-Mueller 1 TANGLEWOOD CASEBOOK To accompany Staffing Organizations, fifth edition, 2006. Prepared by John Kammeyer-Mueller...

Determining Cost of Goods Sold In a recent year, Best Buy reports sales of $50.705 million. Its gross profit was $12,573 million. What was the amount of Best Buy's cost of merchandise sold?

List and describe each activity within the Planning component of the Logistics function.

Crane Inc. provided you with the following information pertaining to its 2 0 2 3 fiscal year end: Calculate the defined benefit expense for the 2 0 2 3 fiscal year end. Crane reports under IFRS.

Acquisition Costs of Realty the expenditures and receipts below and on the next page are related to land, land improvements, and buildings acquired for use in a business enterprise. The receipts are...

The maximum surface temperature of the 20-mm. diameter shaft of a motor operating in ambient air al 27C should not exceed 87C. Because of power dissipation within the motor housing, it is desirable...

A 0.42 kg shuffleboard disk is initially at rest when a player uses a cue to increase its speed to 4.2 m/s at constant acceleration. The acceleration takes place over a 2.0 m distance, at the end of...

A locomotive with a power capability of 1.5 MW can accelerate a train from a speed of 10 m/s to 25 m/s in 6.0 min. (a) Calculate the mass of the train. Find (b) The speed of the train and (c) The...

An investor is considering buying a 20-year corporate bond. The bond has a face value of $1000 and pays 6% interest per year in two semiannual payments. Thus the purchaser of the bond will receive...

The return of goods to the supplier will affect the purchase account. Question 27Answer True False

If you have a chance in the future to invest in a risky, but potentially profitable venture, what is most important to you your average tax rate or your marginal tax rate? Why?

Automated Clearing Houses (ACHs) process both private payments, such as automatic deposits to wage-earners bank accounts, and public payments, such as direct deposits of Social Security stipends. The...

If a concert violinist perceives that instruments that look very old enhance the experience of ticket-buying crowds, will that violinist be willing to pay more for an older violin?

The price of Bionex Inc. shares rose by 25% in each of two successive years. If they began the two-year period at $12 per share, what was the percent increase in price over the entire two years?

Assume that the Potash Corporation shares in Table 9.3 will pay a $0.48 per share dividend in 2010. What must the share price be at the end of 2010 for a total rate of return in 2010 of 7%?

What rate of return in the second year of an investment is required to break even after a 50% loss in the first year?