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Amiraneli [1.4K]
3 years ago
8

In the small country of Economerica, there are 6 thousand people employed, 1 thousand people unemployed, and 3 thousand people o

f working age not included in the labor force. One thousand students graduate from the university and seek jobs in the country, but not one graduate is able to find one. Half of the new graduates believe there is no chance of finding a job and return home to live with their parents. Ceteris Paribus, what would the new unemployment rate be in Economerica?
A. 14.29%
B. 20.00%
C. 25.00%
D. 45.45%
Business
1 answer:
irakobra [83]3 years ago
3 0

Answer: B. 20.00%

Explanation:

Unemployment rate does not include those who have given up on finding a job.

Unemployment rate = Unemployed people / Labor force

Unemployed people:

= Original unemployed + half the new graduates

= 1,000 + (1,000 / 2)

= 1,500 people

Labor force:

= Unemployed + employed people

= 1,500 + 6,000

= 7,500 people

Unemployment rate:

= 1,500 / 7,500

= 20%

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Answer:

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Sell homemade products you make yourself.

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Start a print-on-demand store.

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Productize your service or expertise.

Grow an audience you can monetize.

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3 0
3 years ago
A customer owns 100 shares of an NYSE listed preferred stock and notices that the typical daily trading volume in the issue is l
Bingel [31]

Answer:

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8 0
3 years ago
What is true about hotel management companies?
abruzzese [7]

they generally manage hotels for a fee

5 0
2 years ago
Iggie took a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2003, she had been promoted to
tiny-mole [99]

Answer:

$36,000

Explanation:

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8 0
3 years ago
The classical dichotomy and the neutrality of money
GalinKa [24]

Answer:

1. Relative price = $3

2. Increases

3. affects , not affect

Explanation:

As per the data given in the question,

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