Answer:
7.5%
Explanation:
The formula to compute the unemployment rate is shown below:
Unemployment rate = (Number of Unemployed workers) ÷ (Total labor force) × 100
where,
Number of people employed is 185 million
And, the labor force is 200 million
So in order to find out the unemployment rate, we subtract it by 1
= 1 - ($185 million ÷ $200 million)
= 1 - 0.925 million
= 7.5%
Answer:
Change in demand by a smaller percentage compared to percentage change in price.
Explanation:
As demand is inelastic, a rise in price will not have an immense effect on the quantity demanded as consumers are not sensitive to the demand due to inelasticity.
<span>Liability for contracts formed by an agent depends on how the principal is classified and on whether the actions of the agent were authorized or unauthorized. Principals are classified as disclosed, partially disclosed or undisclosed.
A liability contract is used when someone is liable for causing bodily harm or injuries to another person. These are contracts and legally binding documents. If someone id undisclosed, they don't share all of the information. Disclosed is when the information is fully shared. Partially disclosed is when someone says they have a principle but do not disclose all of the information.
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Answer:
22.94 years
Explanation:
The formula to calculate the number of periods of time is:
n = ln(FV / PV)/ln(1+r), where
n= number of periods of time
FV= Future value= $11,200
PV= Present value= $6,000
r= interest rate= 0.0023*12 (to calculate the rate per year)= 0.0276
n=ln(11,200/6,000)/ln(1+0.0276)
n=0.624/0.0272
n=22.94
According to this, you have to wait 22.94 years until you reach your target account value.
