a. Burbank Corporation must use the mid-quarter convention to determine its cost recovery.
Consider an economy made up of 100 people, 50 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. the unemployment rate is approximately <u>17 % .</u>
What is the formula for the unemployment rate?
- The percentage of the labor force that is employed that is unemployed is known as the unemployment rate (the labor force is the sum of the employed and unemployed).
- (Unemployed Labor Force) x 100 equals the unemployment rate.
What are the 4 types of unemployment?
There are different types of unemployment, including institutional, structural, cyclical, and frictional.
Effects of unemployment on society -
Communities with high rates of unemployment are more likely to have few job opportunities, subpar housing, fewer recreational opportunities, restricted access to public services and transportation, and underfunded schools.
Solutions to unemployment crisis in India -
- Education. Education is the best answer to every issue facing the world.
- Career advice - People looking for work who are having trouble choosing a career path should speak with a career guidance specialist.
- Training that is skill-based: Every job role calls for a particular skill set.
- job referrals
Learn more about unemployment
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Answer: d. fall and aggregate demand to decrease.
Explanation: When household savings increase, the consumption will fall, as the money which should be spent on consumption such as food, clothing and other products will reduce in other to foster household saving. Also, aggregate demand which is used to measure the total amount of demand for goods and services produced in an economy will also decrease as increase in aggregate demand will inadvertently lead to decrease in household saving.
Therefore, increase in savings requires reduction in spending and demand for products.
Answer: Reference price
Explanation:
According to the question, the manufacturer suggested retail prices (MSRP) is basically used as the the reference price as it is refers to the price where the buyer willing to pay the price for the products and the services in the market.
It is also known as the competitor pricing and the reference pricing is mainly used by the high volume buyers.
The reference price make easily accessing the quality of the products and its actual price to the customers in the market for avoid any type of confusion.
Therefore, Reference price is the correct answer.
