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In-s [12.5K]
3 years ago
10

n an​ economy, the​ working-age population is 400 million. Of this​ total, 320.0 million workers are employed. 12.0 million work

ers are unemployed. 56.0 million workers are not available for work​ (homemakers, full-time​ students, etc.). 8.0 million workers are available for work but are discouraged and thus are not seeking work. 4.0 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The labor force participation rate in this economy is
Business
1 answer:
MatroZZZ [7]3 years ago
3 0

Answer: 83%

Explanation:

The Labour Force Participation Rate is a measure that checks the activeness of a nation's workforce.

It is calculated by dividing the segment of the population that are either working or ACTIVELY seeking employment by the total number of working age people in the economy that are not in prison.

It is assumed that unemployed people are Actively seeking employment.

In the above scenario therefore, the active population are,

= (320 million employed + 12 million unemployed )/400 million

The rest of the population are either unavailable for work or not actively seeking employment.

= 332/400

= 0.83

= 83%

The labor force participation rate in this economy is 83%

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3 years ago
Cognitive dissonance theory" is most helpful for understanding the impact of:_________. 1. central route persuasion on decision
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Answer:

4. role playing on attitude change

Explanation:

The theory of cognitive dissonance was developed by Leon Festinger, it statutes that an individual feels discomfort when they experience a conflict between their beliefs and their actions.

I hope you find this information useful and interesting! Good luck!  

3 0
3 years ago
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Gloria is saving for her daughter’s college education. She wants to have $100,000 available when her daughter graduates from hig
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The correct answer is that Gloria would have to invest $75,581 today at the rate of 7.25 % to receive $100000 in four years,hence option is correct

Explanation:

FV=PV(1+r)^t

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PV= is unknown

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PV=FV/(1+r)^t

PV=100000/(1+0.0725)^4

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Hence the amount Gloria has to invest today is $75581

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3 years ago
McCoy’s Fish House purchases a tract of land and an existing building for $900,000. The company plans to remove the old building
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Explanation:

From the information given, the amount

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3 years ago
What are examples of Retirement Phase?
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