An economy has 100 people divided among the following groups: 25 have full-time jobs, 20 have one part-time job, 5 have two part-time jobs, 10 would like to work and are looking for jobs, 10 would like to work but are so discouraged they have given up looking, 10 are running their own businesses, 10 are retired, and 10 are small children. a. Calculate the labor force and the labor-force participation rate. b. Calculate the number of unemployed and the unemployment rate. c. Calculate total employment in two ways: as measured by the household survey and as measured by the establishment survey.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “An economy has 100 people divided among the following groups: 25 have full-time jobs, 20 have one part-time job, 5 have two part-time jobs, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Eastline Corporation had 10,000 shares of $10 par value common stock outstanding when the board of directors declared a stock dividend of 3,000 shares. At the time of the stock dividend, the market value per share was $12.
Answers (1)
Suppose the United States can produce 500 cars or 500 trucks. England can produce either 500 cars or 250 trucks. The opportunity cost of producing 1 car in England is: A. 1 truck. B. 2 trucks. C. 1/2 of a truck. D. 1/4 of a truck.
Answers (1)
The path-goal theory and the LPC model are illustrative of the perspective in which a. leadership is viewed as a set of traits possessed by effective leaders. b. leadership traits are seen to vary according to the situation. c.
Answers (1)
On June 30, 2019, the State Unemployment Tax Payable account in the general ledger of Alan Office Supplies showed a balance of $2,113. This represents the SUTA tax owed for the second quarter of the year.
Answers (1)
Since your first birthday, your grandparents have been depositing $ 1 comma 000 into a savings account on every one of your birthdays. The account pays 6 % interest annually.
Answers (1)
New Questions in Business
Z Co. filed suit against W Inc. in 2021 seeking damages for patent infringement. At December 31, 2021, legal counsel for Z believed that it was probable that Z would be successful against W for an estimated amount in the range of $30 million to $60
Answers (1)
Which of the following statements about nonverbal communication is false? Select one: (A) Mastering nonverbal signals will allow you to "read someone like a book." (B) Nonverbal signals can be used to assert both authority and intimacy.
Answers (1)
What percentage of the 27.3 million businesses in the united states are small companies with less than 500 employees?
Answers (1)
Jim is a manager of a restaurant. He is very concerned with efficiency and goal accomplishment as well as very intent on making employees happy through lots of participation and open-mindedness.
Answers (1)
Reynolds Manufacturers Inc. has estimated total factory overhead costs of $90,900 and expected direct labor hours of 10,100 for the current fiscal year.
Answers (1)