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
qwelly [4]
3 years ago
12

Suppose that in the fictional country of Albireo the work-eligible population is 180 million, there are 110 million workers in t

he labor force, and the employment level is 103 million. What is the unemployment rate?
Business
1 answer:
maksim [4K]3 years ago
8 0

Answer:

6.36 %

Explanation:

Unemployment means the state of being jobless but actively searching for work.  Unemployed people are part of the labor force.

In the case of Albireo, the work-eligible population is 180 million.

There are 110 million workers in the labor force, and employment level is 103 million. It means that those in the labor force and are not employed are 110 million - 103 million.

The number of unemployed people  = 7 million

The formula for calculating the rate of unemployment

= No. of unemployed people / No. in the labor force x 100

=7 million / 110 million x 100

=7/110 x 100

= 0.063 x 100

=6.36 %

You might be interested in
If a driver with an insurance policy drives infrequently, it can
e-lub [12.9K]

Answer: lower cost

Explanation:

An insurance policy is a contract between an insurance company and a policyholder, which helps the policyholder to be able to make claims when there's an accident or death in case of life insurance.

In the above scenario in the question, if a driver with an insurance policy drives infrequently, it can lower costs.

Therefore, the correct option is B.

3 0
3 years ago
Read 2 more answers
In the heading of a cover letter, which of the following formats should be used for the date?
loris [4]
<span>It should be laid out like this example:(November 10, 2015)</span>
7 0
4 years ago
Mountain Bikes, Inc. (MBI), and Nero enter into a contract for a sale of amountain bike. MBI, a merchant who deals in goods of t
elena-s [515]

Answer:

B) making warranties easier to understand.

Explanation:

The Magnuson Moss Warranty Act of 1975 governs consumer product warranties. Manufacturers are not required to offer product warranties, but when they do, they are required to provide clear and detailed information about warranty coverage. This law applies only to products, it doesn't apply to services.

3 0
3 years ago
Write a one sentence summary of the central dispute in the case of mcculloch. v. maryland identify the key individuals and insti
insens350 [35]
McCulloch v. Maryland represented a power struggle between the State and Federal law. It was a landmark decision by the Supreme Court of the United States. The state of Maryland had attempted to impede operation of a branch of the Second Bank of the United States by imposing a tax on all notes of banks not chartered in Maryland. Though the law, by its language, was generally applicable to all banks not chartered in Maryland, the Second Bank of the United States was the only out-of-state bank then existing in Maryland, and the law was recognized in the court's opinion as having specifically targeted the U.S. Bank.
8 0
3 years ago
Assume Digby expands operations in Asia Pacific in the coming year. In doing so, they have added capacity to fill all demand in-
Akimi4 [234]

Answer:

$9.15

Explanation:

Contribution margin is the net value of sales and variable cost of a product. We need to deduct variable cost from selling price of a product to calculate the contribution margin .

First we need to determine the total variable cost.

Labor Cost ( $9 x ( 1 - 0.1 ) ) $8.1

Material cost                        $12.75

Shipping cost                       <u>$2.50</u>

Total Variable cost              <u>$23.35</u>

Price = $32.50

Contribution Margin  = Selling price - Variable cost

Contribution Margin = $32.50 - $23.35 = $9.15

4 0
3 years ago
Other questions:
  • One way to recruit companies to a state is to offer tax incentives; another is to assure them that the workforce is prepared. Wh
    11·2 answers
  • PLEASE HELP!!!!! Nicholas starts a taxi cab business. He buys a garage, hires three drivers, buys two taxi-cabs, he sends his ca
    12·1 answer
  • The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta
    7·1 answer
  • Which statement best describes how the International Ethics Standards Board for Accountants' (IESBA) Code impacts the U.S. accou
    11·1 answer
  • What is a teaming agreement? An agreement that will force both the vendor and customer to work together An agreement designed to
    6·1 answer
  • Currently, the Bureau of Labor Statistics does not include homemakers in its employment and labor force totals. What would happe
    6·1 answer
  • Honeywell, Goodrich, and UTC Aerospace are among the suppliers to Embraer. If these companies want to look for other export oppo
    10·1 answer
  • Why the feedback form is so important for the trainer and the training itself?​
    7·2 answers
  • ________ is not one of the common pricing objectives
    10·1 answer
  • Periodically, merrill lynch customers are asked to evaluate merrill lynch financial consultants and services. Higher ratings on
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!