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avanturin [10]
2 years ago
12

You are given the following data on the Employed, Unemployed, and the Labor Force for 1997: Population 16 years old or over (mil

lions) 203.1 Employed (millions) 129.6 Unemployed (millions) 6.7 The total labor force in millions in the economy for 1997 equals:__________
Business
1 answer:
otez555 [7]2 years ago
5 0

Answer:

136.30 million

Explanation:

Total Labor force = Total of the Unemployed + Total of the Employed

Total Labor force = 129.6 million + 6.7 million

Total Labor force = 136.30 million

So, the total labor force in millions in the economy for 1997 equals 136.30 million

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Malik Boykin is paid $8.20 per hour. and time and a half for any work over 40 hours
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<u>Pay of Malik Boykin:</u>

Step 1:

Adding the total hours for each week:

Week of 3/10 = 5.5+6+9+12+7 = 39.5

Week of 3/17 = 8+8.5+9+13+4.5+4 = 47

Step 2:

Any sum of 40 hours or less gets multiplied by the hourly salary:

Week of 3/10: 39.5\times\$8.20 = \$323.90 - That's the pay for that week

Week of 3/17: 40\times\$8.20 = \$328

Step 3:

For hours worked over 40 the salary is 1.5 times the normal salary:

\Rightarrow\$8.20\times1.5 = \$12.30

Now multiply the hours over 40 for that week by the time and a half:

\Rightarrow\$12.30\times7 = \$86.10

And adding it to the \$328 we get,

\$328+\$86.10=\$414.10

Therefore,  Week of 3/10: \bold{\$323.90}  and  Week of 3/17: \bold{\$414.10}

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