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Vadim26 [7]
1 year ago
14

suppose the labor force in an economy equals 153 million workers. out of 153 million workers, 145.2 million workers are employed

and 7.8 million are unemployed. hence, the unemployment rate equalspercent
Business
2 answers:
Vesnalui [34]1 year ago
5 0

The unemployment rate is equal  to 5.1%.

<h3>What is the unemployment rate?</h3>

The labour force consists of those who are willing and able to work and are within the working age - 16 to 65 years. The employed includes all who have jobs. The unemployed includes those without jobs who are actively looking for jobs.

Types of unemployment includes:

  • Cyclical unemployment
  • Structural unemployment
  • Frictional unemployment

The unemployment rate can be determined by dividing the number of workers that are unemployed by the total number of the labor force of the economy.

The unemployment rate  = (number of unemployed workers / total labor force) x 100

The unemployment rate  = (7.8 million / 153 million) x 100 = 5.1%

To learn more about unemployment, please check: brainly.com/question/10940465

#SPJ1

34kurt1 year ago
4 0

The unemployment rate equals 5.10 percent

What is unemployment rate?

Unemployment rate is the portion of the labor force in an economy who are unable to find jobs for living.

The unemployment rate is determined as the number of unemployed divided by the labor force, in other words, the unemployment rate is computed thus:

unemployment rate=unemployed/labor force

unemployed=7.8 million

labor force=153 million

unemployment rate=7.8 million/153 million

unemployment rate=5.10%

Find out more about unemployment rate on:brainly.com/question/18120862

#SPJ1

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Baldwin Corp. ended the year carrying $21,580,000 worth of inventory. Had they sold their entire inventory at their current pric
IceJOKER [234]

Explanation:

The given question cannot be answered as little information is provided.  However it shall be an amount if $21,580,000. For, complete analysis we need to understand  the current prices and various other variable costs. We know that the contribution margin is the Sale Price (SP) minus the Variable Cost (VC). It is the number of sales per unit that will be available to service fixed expenses and to generate the profit.

Therefore, to determine a more detailed answers more inputs are needed.  

8 0
2 years ago
Miller owns a personal residence witha fair market value of $308,000 and an outstanding first mortgage of $246,400. Miller gets
marysya [2.9K]

Answer: $246,400

Explanation:

Qualified residence indebtedness refers to the mortgage that's taken to purchase or improve on one's main home.

Based on the information given above, the on the $246,400 of the first and second mortgage is treated as qualified residence indebtedness.

3 0
2 years ago
If you borrow $25,000 from a local finance company and you are required to pay $4,424.50 per year for 10 years, what is the annu
djyliett [7]

Use this formula:

A= P(1+rt),

A is the final investment amount (4424.50x10)

P is the principal amount (25,000)

r is the rate of interest (annual)

t is the time period (10)

If A= P(1+rt),

then (1+rt) = A/P.

(1+r(10)=( 44,245)/25,000

10r=1.7698-1

r=.7698/10

<span>r=.07698 or 7.698%</span>

3 0
2 years ago
Purvell Corporation has just acquired a new machine with the following characteristics (Ignore income taxes.): Cost of the equip
jarptica [38.1K]

Answer:

18.75%

Explanation:

Calculation to determine what The simple rate of return would be closest to:

First step is to calculate the Depreciation using this formula

Depreciation = (Cost - Salvage value)/ life

Let plug in the formula

Depreciation= ($50,000-$5000)/8 years

Depreciation=$40,000/8

Depreciation=$5,625

Second step is to calculate the annual net cash savings:

Annual cash savings $15,000

Less: Depreciation ($5,625)

(45,000/8 = $5,625)

Annual net cash savings $ 9,375

($15,000-$5,625)

Now let calculate the Simple rate of return

Using this formula

Simple rate of return = Annual net cash savings / Initial investment

Let plug in the formula

Simple rate of return= $9,375/$50,000

Simple rate of return= 18.75%

Therefore The simple rate of return would be closest to:18.75%

4 0
3 years ago
Purchases of inventories by A) households and Firms are also counted in investment spending. B) foreign consumers are counter in
Iteru [2.4K]

Answer:

The answer is C.

Explanation:

Gross Domestic Product is the total market value of all final goods and services produced within a country during a given period of time. It is usually a year.

In calculating, GDP, we have expenditure approach, income approach and value-added approach.

In this question, the expenditure approach will be used to explain the answer to this question.

To calculate GDP using expenditure approach, the formula is:

C + I + G + (X-M)

where C is the consumers' spending

I is the investment spending

G is government spending

X is the exports

M is the imports.

The correct answer is C. firms purchases of inventories is part of investment spending. Firms can purchase raw materials(inventory) and process it into finished goods(inventory). The change in inventory(difference between the closing inventory and opening inventory) is part of the calculation of investment spending.

Households buying inventories(finished goods) is part of consumers' spending and not investment spending.

6 0
3 years ago
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