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1 year ago

Suppose there are 70 million people in the labor force, out of which 60 million are employed, then the unemployment rate is?

1 answer:

8 0

Suppose there are 70 million people in the labor force, out of which 60 million are employed, then the unemployment rate is: 14.28%.

An unemployed person is someone who does not have a job but is actively looking for one. Employed or Not Employed? You are employed part-time. If you work as a student, the university cafeteria is employed.

Labor force participation rate = (labor force/working age population) x 100 where labor force = employment + unemployment. To solve this problem, we need to know the number of people employed, the number of job seekers, and the working age population.

Learn more about the labor force at

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If during 2009, the country of Sildavia recorded a GDP of $65 billion, interest payments of $15 billion, imports of $13 billion,

Vitek1552 [10]

Answer:

$36 billion

Explanation:

The computation is shown below:

For this question, we use the income approach for calculation the wages i.e shown below:

GDP = Interest payments + profits + rent + wages

$65 billion = $15 billion + $7 billion + $7 billion + wages

$65 million = $29 billion + wages

So, the wages would be

= $65 billion - $29 billion

= $36 billion

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3 years ago

Research and development costs should be: A. Expensed in the period incurred. B. Expensed in the period they are determined to b

Vladimir79 [104]

Answer:

The correct answer is letter "A": Expensed in the period incurred.

Explanation:

Research and Development (R&D) costs are spent on the development of new products that could or could not end up being commercially offered. These kinds of costs are usually expensed at the same time they are incurred. According to the U.S. Statement of Financial Accounting Standards, the R&D costs cannot be capitalized.

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2 years ago

Nancy just had a new baby boy and plans to send him to college 19 years from now. She wants to deposit each winter in an educati

Thepotemich [5.8K]

Answer:

$1363.14

Explanation:

Please see attachment

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2 years ago

Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3

serious [3.7K]

Answer:

Explanation:

The preparation of the retained earnings statement for the year ended December 31, 20Y3 is shown below:

Retained earnings, January 1, 20Y3 $64,083,000

Add: Net income $7,373,000

Less: Total dividend declared -$3,750,000

Retained earnings, December 31, 20Y3 $67,706,000

The total dividend declared would be

= Cash dividends declared + Stock dividends declared

= $967,000 + $2,783,000

= $3,750,000

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3 years ago

A friend of yours is considering two cell phone service providers. Provider A charges $120 per month for the service regardless

erma4kov [3.2K]

Answer / Explanation:

To properly answer this question, we will first define some key terms which includes:

Surplus: This can be refereed to as an amount exceeding a particular requirement after it has been met.

Demand: This can be refereed to as the quantity of goods and serves a consumer or an individual is willing and pay for per time.

Now that we understand the basic concept above, we now refer back to the narrative of the question to try and answer t hem.

(a) With Provider A, the cost of an extra minute is $0. With Provider B, the cost of an extra minute is $1.

(b) With Provider A, my friend will purchase 150 minutes [= 150 – (50)(0)]. With Provider B, my friend would purchase 100 minutes [= 150 – (50)(1)].

(c) With Provider A, she would pay $120. With Provider B, he would pay $100.

(d) The figure below shows the friend’s demand. With Provider A, she buys 150 minutes and her consumer surplus is equal to (1/2)(3)(150) – 120 = 105. With Provider B, her consumer surplus is equal to (1/2)(2)(100) = 100

(e) I would recommend Provider A because she receives greater consumer surplus when buying from that provider.

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3 years ago