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nordsb [41]
3 years ago
14

In 2009, based on concepts similar to those used to estimate U.S. employment figures, the Swedish adult non-institutionalized po

pulation was 7.568 million, the labor force was 4.888 million, and the number of people employed was 4.486 million. According to these numbers, the Swedish labor-force participation rate and unemployment rate were about:_________.
a. 64.6% and 8.2%
b. 64.6% and 5.3%
c. 59.3% and 8.2%
d. 59.3% and 5.3%
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
5 0

Answer:

a. 64.6% and 8.2%

Explanation:

The computation is shown below:

For labor force participation rate

= Labor force ÷ Total population × 100

= 4.888 million ÷ 7.568 million

= 64.60%

And, the unemployment rate is

But before that the employment rate is

= Labor employed ÷ labor force × 100

= 4.486 million ÷ 4.888 million

= 91.77%

Now the  unemployment rate is

= 100% - employment rate

= 100% - 91.77%

= 8.2%

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Answer:

a) 29%

Explanation:

The formula to compute the unemployment rate is shown below:

Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100

where,

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Total labor force = Number of unemployed + number of employed

                            = 40 million + 100 million

So, the unemployment rate would be

= (40 million) ÷ (140 million) × 100

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2 years ago
Which of the following variances are most similar with respect to the manner in which they are calculated? Multiple Choice Labor
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Answer:

Materials quantity variance and labor efficiency variance.

Explanation:

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It is calculated by multiplying standard labour rate with difference between standard labour amount and actual labour amount.

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3 years ago
On April 1, a patent with an estimated useful economic life of 12 years was acquired for $1,500,000. In addition, on December 31
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Answer:

April 1

Debit : Patent $1,500,000

Credit : Cash $1,500,000

December 31

Debit : Amortization $125,000

Credit : Accumulated Amortization $125,000

December 31

Debit : Impairment loss  $6,000,000

Credit : Accumulated Impairment loss $6,000,000

Explanation:

Both the Amortization and Impairment loss reduce the value of assets. They are therefore expenses accounted in Income Statement.

Amortization : is the loss of value of an asset due to passage of time.

Amortization Expense = (Cost - Residual Amount) ÷ Useful Life

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2 years ago
A microeconomist — as opposed to a macroeconomist — might study
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