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solmaris [256]
3 years ago
7

Assume the following data for a country:

Business
1 answer:
OleMash [197]3 years ago
6 0

Answer:

A) 230 million

B) 10%

Explanation:

Given:

Total Population = 500  millions

Population Under 16 Years of Age or Institutionalized = 120 millions

Not in Labor Force = 150  millions

Unemployed = 23 millions

Now,

A) Labor force

= Total population – Population under 16 years of age – Not in labor force

= 500 – 120 – 150

= 230 millions

B) Unemployment rate = \frac{\textup{Unemployment}}{\textup{Labor force
}}\times100\%

or

Unemployment rate = \frac{\textup{23 million}}{\textup{230 million
}}\times100\%

or

Unemployment rate = 10%

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3 years ago
a person sold 100 shares of a stock at a loss of 40%. If the selling price of the 100 shares was $3000, which of the following c
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7 0
3 years ago
Read 2 more answers
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