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AysviL [449]
1 year ago
12

In a small country, the adult population equals 10,000. In that country, 10,000 people are in the labor force and 7000 people ar

e unemployed. The unemployment rate equals
A.) 0.63 percent
B.) 7 percent
C.) 10 percent
D.) an undetermined amount given the lack of information
Business
1 answer:
Neporo4naja [7]1 year ago
3 0

The unemployment rate is calculated by dividing the overall labor force's size by the number of jobless people, then multiplying the result by 100.

In light of the incomplete facts, the answer is: it is unknown.

<h3>How is the size of the labor force determined?</h3>

An estimation of the size of the labor force in an economy is the labor force participation rate. The calculation is the proportion of the working-age non-institutionalized population, aged 16 and older, who are employed or actively looking for work.

<h3>How are the numbers for those not working determined?</h3>

Divide the total civilian noninstitutional population by the number of people who are employed or actively seeking employment to find the formula for the labor force participation rate.

To know more about unemployment rate visit:-

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You have just determined that the actual number of workstations that will be used on an assembly line is 6, using assembly line
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Answer:

The assembly line efficiency is 4.17% (to 2 decimal places)

Explanation:

Efficiency is a measure of productivity that is used to determine how well a target is achieved, by finding the ratio of the actual output to the expected output. In this example, the number of units is the output of the assembly line, and the assembly line efficiency is calculated as follows:

Assembly line efficiency = (actual output) /(required output) × 100

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if 5 minutes = 1 unit

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∴ actual output = 5 units

required output = 120 units

∴ efficiency = \frac{5}{120} *100

= 4.17%

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Madison promises Grace $10 if Grace collects her dry cleaning for her. This is an example of a(n) ________ contract. Group of an
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It is an example of unilateral contract.

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A unilateral contract is a business arrangement in which an offeror commits to pay when a certain act occurs. A award or a contest is another example of a unilateral contract. In a unilateral contract, the offeror has the right to rescind the offer before the offeree starts performing. Typically, the revocation must be expressed.

In general, unilateral contracts are utilized when an offeror has an open request for payment for a specific conduct.

Therefore, the answer is unilateral contract.

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The international monetary fund is an organization that is made up of 190 countries whose goals are to build international trade, promote economic development, and reduce poverty in the world.

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Summarily, the IMF aims to reduce poverty in the world.

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