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OlgaM077 [116]
3 years ago
8

In the far off kingdom of Viracien there is a healthy sized population of citizens over 16 years old. The last census indicated

a total adult population of 5 million people. This year a recession hit and 237 thousand people were let go from their jobs and are on the hunt to find new work. Because of the recession many took early retirement and there is now a population of 1.3 million who are not working or looking for various reasons. Because of the unrest, the military of Viracein has increased its ranks and is now grown to a total of 50 thousand citizens serving the country. If Viracein uses the same calculation to find the unemployment rate, what is the country’s unemployment rate?
Business
1 answer:
Anarel [89]3 years ago
8 0

Answer:

6.5%

Explanation:

Number of people unemployed = 237,000

Labor force = 5 million - 1.3 million - 50,000

Labor force = 3.65 million

Unemployment rate = Number of people unemployed/Labor force*100

Unemployment rate = 237,000/3.65 million*100

Unemployment rate = 6.4931501%

Unemployment rate = 6.5%

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One place where the average viewer is likely to be exposed to avant-garde cinema (or at least its influence) is in:
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3 years ago
Income rises from $3,500 to $4,000 a month and the quantity demanded of good X falls from 7 to 5 units a month. Income elasticit
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Answer:

E) -2.50 ; inferior

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Before you earned $3,500 per month, you consumed 7 units per month. That means that you consumed 1 unit every $500 earned.

When your income increased to $4,000, you only consumed 5 units per month. That means that your consumption decreased to 1 unit for every $800.

The income elasticity of demand using the midpoint method is calculated by using the following formula:

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7 0
3 years ago
A closed economy has income of $1,000, government spending of $200, taxes of $150, and investment of $250. What is private savin
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Answer: c. $300

Explanation:

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= Income - Consumption - Taxes

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