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sweet-ann [11.9K]
3 years ago
5

Arthur, the ruler of Avalon, has asked for your help with the economy of his country. Arthur's economic minister provides you wi

th the following information:Work-eligible population: 30 million Labor force: 24 million Employed people: 21 million Frictionally unemployed people: 2 million Structurally unemployed people: 1.5 million Arthur would like to know whether his kingdom is enjoying an expansion or suffering a recession. See if you can advise him. Give all numeric answers to two decimals.King Arthur, right now Avalon's unemployment rate is _____%, but Avalon's natural rate of unemployment is ___%. Therefore, the Avalon economy is currently in a(an) (enter expansion or recession).
Business
1 answer:
WARRIOR [948]3 years ago
8 0

Answer:

King Arthur, right now Avalon's unemployment rate is <u>12.5%</u> but Avalon's natural rate of unemployment is 14.58%. Therefore, the Avalon economy is currently in a expansion.

Explanation:

Number of Unemployed = Labor force - Employed

Number of Unemployed = 24 - 21

Number of Unemployed = 3

The unemployment rate = (3/24)*100

The unemployment rate = 12.5%

The Natural unemployment rate = Frictional Rate + Structural unemployment Rate

The Natural unemployment rate = [(2+1.5)/24]*100

The Natural unemployment rate = (3.5/24) * 100

The Natural unemployment rate = 14.58%

From the solution, the current unemployment rate less than natural rate,  thus the Avalon economy is currently in a expansion

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sergey [27]

How many shares were authorized?

Number of shares authorized are 4,000,000

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How many shares were issued?

Number of shares issued are 2,080,000

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How many shares are outstanding?

Number of shares outstanding = Number of shares issued - Numberof shares repurchased

Number of shares outstanding = 2,080,000 - 80,000

Number of shares outstanding = 2,000,000

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What is the balance of the Common Stock account?

Balance of common stock = Number of shares issued * Parvalue

Balance of common stock = 2,080,000 * $1

Balance of common stock = $2,080,000

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What is the balance of the Treasury Stock account?

Balance of treasury stock = Number of shares repurchased * Priceper share

Balance of treasury stock = 80,000 * $25

Balance of treasury stock = $2,000,000

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2)

June 12:  Issued 50,000 shares of $3 stated value common stock for cash of $250,000.

Cash; 250,000

Paid-In Capital in Excess of Par--Common Stock 50,000 x 3 = 150,000

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6 0
3 years ago
​E-Loan, an online lending​ service, recently offered 48​-month auto loans at 4.5 % compounded monthly to applicants with good c
ser-zykov [4K]

Answer:

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The interest I will pay for the loan is $1,857.88.

Explanation:

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n = The number of month = 48 months

Therefore

PV=448(\frac{1-(1+0.00375)^{-48}}{0.00375})

      ≈$19646.12

Therefore I can borrow $19646.12 from E-Loan.

The interest = Paid amount - Loan amount

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The interest I will pay for the loan is $1,857.88.

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2 years ago
a $104,000 selling price with $24,000 down at 6.5% for 25 years results in a monthly payment of: multiple choice $545.61 $554.71
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The monthly payments, given the selling price, the down payment, and the rate is, D. $540.17

<h3>How to find the monthly payment?</h3>

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= $80, 000

The monthly payment is an annuity because it is constant. To find this annuity, find the monthly periodic rate and the number of monthly periods:

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= $540.17

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Oksanka [162]
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The SMART goals fore Roxy will be illustrated as:

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Creating a Personal Budget

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