1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
saw5 [17]
3 years ago
13

Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these, 4.9 mil

lion are working part-time and 14.53 million are working full-time. Assume the Bureau of Labor Statistics (BLS) definitions are used for calculating unemployment data. Among those not working, the most recent job-search activity for 2.90 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 10.99 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places. What is Laborland's total labor force?What is Laborland's labor force participation rate?How many people are unemployed in Laborland?What is Laborland's unemployment rate?
Business
1 answer:
goblinko [34]3 years ago
5 0

Answer:

Total no. of people employed:

= No. of people working part-time + No. of people working full time

= 4.9 million + 14.53 million

= 19.43 million

Total no. of people unemployed:

= People in the working age population who are not working and have looked for work in the past four weeks

= 2.90 + 1.72 million

= 4.62 million

Labor force = Total no. of people employed + Total no. of people unemployed

= 19.43 million + 4.62 million

= 24.05 million

Labor force participation rate:

=\frac{Labor\ force}{Total\ non-institutionalized\ working\ age\ population}

=\frac{24.05}{35.9}

= 0.6699

= 66.99%

Unemployment rate:

=\frac{No. of people unemployed}{Total labor force}

=\frac{4.62}{24.05}

      = 0.1920

      = 19.20%

You might be interested in
Cash paid for equipment would be reported on the statement of cash flows in_________.
Licemer1 [7]

Answer:

c. the cash flows from investing activities section.

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

5 0
3 years ago
What is an externality? how do externalities relate to socially optimal quantity?
Elodia [21]
An externality in business or economics is where an industrial activity has an unexpected side effect which does not figure in the cost of the goods and services involved.  For example, I worked many years at a large mine. Just the existence of the mine there meant it was a no-hunting area so a side effect was that the moose used it as a refuge during hunting season which as a side effect was beneficial to the moose (and deer). Another example is that we used to crush mine rock for the haulroads for winter traction. As a result, it was found that the fines from this were concentrated with copper values so were put in the mill for processing-an unexpected outcome.
7 0
3 years ago
Can somebody plz help? ASAP
aleksandrvk [35]

Answer:

More accessible goods

An increase in international trade

A rise in regional Jobs

3 0
3 years ago
4. What is one thing you can do to help remember a new business contact? Write
Zanzabum

Answer:

Explanation:

c:what type of business the person is in

that is the only logical answer lol

hope it helps

3 0
3 years ago
If the firm had a pronounced seasonal sales pattern or if it grew rapidly during the year, how might that affect the validity of
Lerok [7]

Answer:If the firm had sharp seasonal sales patterns, or if it grew rapidly during the year, many ratios would most likely be distorted.

Explanation: Fluctuations in Economics patterns have distorting effects on the ratios of a company or an economy especially if the the seasonal patterns has been consistent for a certain period. THE VALIDITY OF MOST RATIOS ARE SEVERELY AFFECTED BY SHARP CHANGES WHICH MAKES ECONOMIC WATCHERS FEEL THE RATIOS ALREADY ANALYSED ARE NOT VALID.

A consistent flow pattern is desired in an economy and in business Organisation as it helps to give Economic watchers enough confidence in the ratios already existing.

4 0
3 years ago
Other questions:
  • Farmer and Taylor formed a partnership with capital contributions of $280,000 and $330,000, respectively. Their partnership agre
    9·1 answer
  • The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.93; actual, $2.03 Standa
    5·1 answer
  • Sellers of a good bear the larger share of the tax burden when a tax is placed on a product for which the (i) supply is more ela
    8·1 answer
  • Indra nooyi, ceo and chairman of pepsico is considered the most powerful woman on fortune's 50 most powerful women's list, uses
    7·1 answer
  • Elizabeth, an individual taxpayer, has a marginal tax rate on ordinary income of 32% and a tax rate on long-term capital gains o
    11·1 answer
  • Which of the following is considered to be an accrued expense?
    8·1 answer
  • Anna Garden recently opened her own basketweaving studio. She sells finished baskets in addition to selling the raw materials ne
    5·2 answers
  • Suppose you know a company's stock currently sells for $90 per share and the required return on the stock is 9 percent. You also
    6·1 answer
  • Hussein got a call yesterday from First Bank, the company that issued his credit card inquiring about an $105.00 charge made in
    7·1 answer
  • HURRY! 20 points! Which of the following is the most important requirement for career advancement in art design?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!