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Alina [70]
3 years ago
13

The following information is given for an economy: Labor Force of an Economy Number of People (millions) Total population 35.4 C

hildren under the age of 16 6.7 Retirees 6.6 Employed 18.5 Unemployed 1.9 Not actively seeking employment 1.2 Homemakers 0.5 Instructions: Round your answers to one decimal place. a. How much of the population is older than 16? million b. What is the size of the labor force? million c. What is the labor force participation rate? Type a message...
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
7 0

Answer:

a. 28.7 millions

b. 20.4 millions

c. 0.9231, or 92.31%

Explanation:

a. How much of the population is older than 16? million  

Number of population older than 16 = Total population - Children under the age of 16 = 35.4 – 6.7 = 28.7 millions

b. What is the size of the labor force? million

Labour force = Employed + Unemployed = 18.5 + 1.9 = 20.4 millions

c. What is the labor force participation rate?

Working age population = Total population – Children under the age of 16 – Retirees = 35.4 – 6.7 – 6.6 = 22.1 millions

Labor force participation rate = Labor force ÷ Working age population = 20.4 ÷ 22.1 = 0.9231, or 92.31%

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KatRina [158]

The blank will be filled by services.

<h3>What do you mean by services?</h3>

Services are intangible activities or advantages that a business offers to meet customers' demands in exchange for cash or other valuables.

<h3>Which should be fill in blank?</h3>

There may be a great deal of interaction between a service provider and a consumer in which they co-create value together. In such situations, the customer perceives a high degree of Blank services between the service provider and the company he or she represents.

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6 0
2 years ago
Harrangue Company's standard variable overhead rate is $6 per direct labor hour, and each unit requires 2 standard direct labor
Lorico [155]

Answer:

Total variable overhead variance is express = 2,200

Explanation:

given data

overhead rate = $6 per direct labor hour

actual direct labor hours = 6,000

actual variable overhead costs = $37,000

product manufactured = 2,900 units

to find out

total variable overhead variance

solution

we find here standard variable overhead that is

standard variable overhead = 2900 unit ×  $6 × 2 DL hours

standard variable overhead = $34,800

and

Total variable overhead variance is express as

Total variable overhead variance is express  = actual variable overhead - standard variable overhead

so

Total variable overhead variance is express = 37,000 - 34,800

Total variable overhead variance is express = 2,200

7 0
3 years ago
Frank purchased land containing oil reserves for $425,000. He has calculated his cost depletion for the year to be $20 per barre
leva [86]

Answer:

1 of 3.  $52,000

2 of 3. $68,000

3 of 3 Percentage depletion

Explanation:

The percentage depletion rate = 15% of gross income and limited to 65% of the net income

The gross income = $600,000

The operating expense = $520,000

The net income = $600,000 - $520,000 = $80,000

Therefore at 15% gross income, we have;

Percentage depletion rate = $600,000 × 0.15 = $90,000

65% of the net income gives;

$80,000 × 0.65 = $52,000

1 of 3. Therefore since 15% of the gross income ($90,000) > 65% of the net income($52,000), we have

The percentage depletion rate = $52,000

2 of 3. Therefore, he can deduct $120,000 - $52,000  = $68,000

3 of 3 He should therefore use the percentage depletion method to maximize his deductions

We therefore have;

Assuming this is domestic production, the amount of percentage depletion expense is _$52,000_. If he uses this method he can deduct _$68,000_ for tax purposes. He should use the _percentage depletion_ method to maximize his deductions.

6 0
3 years ago
Who would be MOST critical of these statements about Free Trade Agreements?
sammy [17]
A USA worker whose job has been outsourced to a foreign country. I’m pretty sure hopefully this is helpful:3 Pls mark as brainliest if possible
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3 years ago
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harina [27]

Answer:

A. Productivity at the work site has increased.

Explanation:

According to my research, based on the information provided within the question it can be said that the productivity at the work site has increased. This is because the same amount of workers that were handling the stores output began to handle the new increased work site's output six months later. Therefore they are having better productivity in the same amount of time worked.

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3 years ago
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