Answer:
The answers are:
Explanation:
In order for an individual to be considered unemployed, the individual must be over 18 years old, be currently out of job, but actively seeking a new job.
The current unemployment rate in the US is 3.7% (as of August 2019) while the unemployment rate in the EU is 6.2%.
In order for an individual to collect unemployment benefits, usually he or she must meet the following requisites:
- They must be out of work through no fault of their own.
- They must meet minimum earnings or job tenure requirements.
- They must be able, available, and actively seeking work.
Answer:
* The present value (at age 30) of retirement savings is $46,982.
* Amount expect when retiring: $959,089.
Explanation:
* The present value (at age 30) of retirement savings:
The contribution that is made on the 31st birthday = 31 years old salary * 8% = 30 years old salary * 1.04 * 8% = 35,000 * 1.04 * 8% = $2,912.
We apply the formula for calculating the present value of growing annuity to determine the present value of retirement savings at age 30:
[2,912 / ( 9% - 4%)] * [ 1 - [(1+4%)/(1+9%)]^35 ] = $46,982.
* Amount expect when retiring:
We apply the formula for calculating the future value of growing annuity to determine the future value of retirement savings at age 65:
[2,912/ (9% - 4%) ] * [ 1.09^35 - 1.04^35 ] = $959,089
Answer:
Unemployment rate will reduce
Explanation:
With increase in migration population density reduces, wage freely adjusts unemployment rate decreases.
