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BlackZzzverrR [31]
3 years ago
11

Suppose the working-age population of a fictional economy falls into the following categories: 60 have full-time employment; 20

have part-time employment; 20 do not have employment, but are actively looking for employment; and 10 people are not employed and are not actively looking for employment. {Show all the steps including the relevant formulae & proper units}
(1) What is the size of Labor force
(2) What is the Unemployment rate
Business
1 answer:
iogann1982 [59]3 years ago
5 0

Answer:

1) What is the size of Labor force

?

60 people are full time employed + 20 people who are part-time employed + 20 people who are unemployed = 100 people

2) What is the Unemployment rate?

20 people who are unemployed / 100 people = 0.2 or 20%

the unemployment rate includes only those people who do not have a job but are willing and able to work, and are currently looking for one.

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Assuming the short-run aggregate supply curve is upward sloping, an increase in aggregate demand (while short-run aggregate supp
frez [133]

Assuming the short-run aggregate supply curve is upward-sloping, a decrease in aggregate demand (while short-run aggregate supply remains unchanged)results in a lower price level, lower output (real GDP), and higher unemployment.

<h3>What do you mean by aggregate demand?</h3>
  • The entire quantity of demand for all completed products and services produced in an economy is measured by aggregate demand.
  • The entire amount of money spent on those products and services at a certain price point and period is referred to as aggregate demand.
  • Lowering income taxes will leave the government with less money for government expenditure, which will reduce aggregate demand and balance out the rise in consumer spending.

To learn more about the aggregate demand, refer to the following link:

brainly.com/question/24457739

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5 0
1 year ago
A cleaning company uses 10 lbs each of chemicals A, B and C for each house it cleans. After some quality complaints, the company
VashaNatasha [74]

Answer:

D) 25%

Explanation:

Productivity can be described as a measure of profitability of the work done by a company. For example a sales department may measure productivity by number of closed sales in a week.

In this instance the cleaning company will consider cost reduction an increase in productivity.

They were using 10 lbs each for house A, B, and C (30 lbs). An additional 10 lb is used increasing total chemicals used to 40 lb.

The increase in chemical usage is a drop in productivity for the company as they are spending more.

The percentage drop in productivity is a proportion of the additional quantity of chemical to total chemicals used.

Percentage drop in productivity= (10/40)*100= 25%

3 0
3 years ago
The fields company has two manufacturing departments, forming and painting. the company uses the weighted-average method of proc
BlackZzzverrR [31]

The company uses the weighted-average method of process costing. At the beginning of the month, the forming department has 26,000 units in inventory, 70% complete as to materials and 30% complete as to conversion costs. ... Units completed in the forming department are transferred to the painting department.

6 0
3 years ago
Storm Concert Promotions Valle Home Builders Actual indirect materials costs$12,400 $7,000 Actual indirect labor costs 55,900 46
Minchanka [31]

Answer and Explanation:

Storm Concert Promotions

The computation of overhead is shown below:-

Factory Overhead-Storm

Indirect materials $12,400           Applied overhead    91,600

Indirect Labor       $55,900

Other overhead

costs                       $16,000

                                                   Overapplied overhead $7,300

The Journal entry is shown below:-

Factory overhead Dr, $ 7,300

     To Cost of goods sold $7,300

(Being cost of goods sold is recorded)

Valle Home Builders

The computation of overhead is shown below:-

Factory Overhead-Value home builders

Indirect materials $7,000           Applied overhead    98,300

Indirect Labor       $46,900

Other overhead

costs                       $48,900

                                                  Overapplied overhead $4,500

Factory overhead Dr, $ 4,500

     To Cost of goods sold $4,500

(Being cost of goods sold is recorded)

5 0
3 years ago
Belinda Herrera purchased a $5,000 bond at the quoted price of 94.125. The bond paid interest at a rate of 6%. What is the annua
belka [17]

Answer:

6.37%

Explanation:

Annual yield is the annual dividend yield of a bond.

Formula for annual yield = Annual dividend amount / Current price of the bond

Annual dividend amount = Annual interest rate * Face value

= 6% * $5,000

= <u><em>$300</em></u>

Current price = 94.125 means that the bond price is 94.125% of the Face value

Current price = 0.94125* 5000 = <u><em>$4,706.25</em></u>

Therefore, annual yield = 300/4,706.25 = 0.0637 or 6.37%

4 0
3 years ago
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