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alex41 [277]
3 years ago
6

If the labor force averaged 237 million in 2008–2011, by how much in percentage terms did the state and local layoffs described

in the "In The News" add to the national unemployment rate, assuming all laid-off workers were actively seeking work?
Instructions: Enter your response rounded to two decimal places.
________ %

Business
1 answer:
Nadusha1986 [10]3 years ago
5 0

Answer:

Follows are the response to the given question:

Explanation:

unemployed people from 2008 to 2011 = 600,000

 labor force from 2008 to 2011 = 237,000,000

Calculating the unemployment rate:

= (\frac{total \ unemployed \ people}{labor\ force}) \times 100

= (\frac{600,000}{237,000,000}) \times 100\\\\= 0.0025 \times 100\\\\ = 0.25\%

From 2008 to2011 there is 0.25% of the unemployment rate was added.

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Answer:

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A firm has market power if it can Influence the market price of the good as it sells to its customer and can regulate it when necessary.

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