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finlep [7]
2 years ago
11

Imagine a hypothetical economy with a population of 100 people, 80 of which over sixteen. Forty eight of these people who are wo

rking and twelve people who are willing, able and looking for work cannot find jobs. The unemployment rate in this economy is____________ % (enter percentage as a whole number, not a decimal, no percentage sign). S
Suppose that 10 of those unemployed people get discouraged and give up looking for work. Now, the unemployment rate is __________% (enter percentage as a whole number, not a decimal, no percentage sign).
Business
1 answer:
Ainat [17]2 years ago
6 0

Answer:

a) unemployment rate = 15

b) unemployment rate = 2.5

Explanation:

unemployed people are those who are willing and available to work and have actively been seeking a job in the past four weeks. This accurately describes the 12 people who are willing, able and looking for work but cannot find jobs. To calculate the unemployment rate in percentage, the following formula is used:

unemployment\ rate = \frac{number\ of\ unemployed}{labour\ force} \times 100\\

Where:

a) Number of unemployed = 12

Labour force = 80 (number of people over 16 years of age)

\therefore unemployment\ rate = \frac{12}{80} \times 100 = 0.15 \times 100 = 15\\

b) if 10 of the unemployed people get discouraged and give up looking for work, the number of unemployed becomes 2 persons, (12 - 10 = 2).

\therefore unemployment\ rate = \frac{2}{80} \times 100 = \frac{200}{80} =  2.5

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damaskus [11]

Answer:

True

Explanation:

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3 years ago
MC Qu. 128 Leeks Company's product has... Leeks Company's product has a contribution margin per unit of $13.57 and a contributio
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Answer:

The price of the product is $59

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3 0
3 years ago
Thomas had conducted a thorough pretest before the new ad campaign,so he was fairly sure the elements would work together.A lot
sergejj [24]

Answer:

C) tracking.

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4 0
3 years ago
An _______________ is a network link that uses internet technologies to interconnect the intranet of a business with the intrane
Usimov [2.4K]
I believe the answer would be Intranet, but I am not 100% sure.
7 0
2 years ago
Turrubiates Corporation makes a product that uses a material with the following standards: Standard quantity 7.5 liters per unit
Julli [10]

Answer:

Direct material quantity variance= $1,400 unfavorable

Explanation:

Giving the following information:

Standard quantity 7.5 liters per unit Standard price $ 2.00 per liter

Actual production was 3,400 units.

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<u>To calculate the direct material quantity variance, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

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2 years ago
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