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 %
We are forced to make choices in our day to day life because our resources are limited.
An example of this limited resources is our financial resources, we need to work to earn money to buy our necessities to live a comfortable life. Simply put, no work no pay. No pay, no food. No food, no life. So, no choice but work.
Answer:
B. Jack, who was fired for being tardy for work too often.
Explanation:
Unemployment compensation also known as Unemployment benefit or unemployment insurance is a benefit being arranged by the state government to pay unemployed workers who have lost their jobs due to mass layoff, individual layoff or retrenchment. The main objectives of this benefit is to provide income for the jobless person till they are gainfully employed in another corporation, government organisation or Private institution.
From the Question, Individual from answer A, C and D did not lost their job but rather resign intentionally, they are not qualify to have access to Unemployment compensation, although another class of compensation may be arrange to cater for their joblessness by the state.
Answer:
The answer is 2.5
Explanation:
Mpc = marginal propensity to consume
Mps = marginal propensity to save
Multiplier = 1/ 1-mpc= 1/ mps
Multiplier = 1/ 1-0.6 = 1/ 0.4 = 2.5
