Author Question: Suppose that the U.S. population is 275 million. Also assume that the labor force is 135 million and ... (Read 172 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
Suppose that the U.S. population is 275 million. Also assume that the labor force is 135 million and that 130 million people are employed. Calculate the unemployment rate.
 
  What will be an ideal response?

Question 2

What kind of information is conveyed in a time-series graph?
 
  What will be an ideal response?



softEldritch

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

The unemployment rate is (5 million unemployed)  (135 million labor force)  100 = 3.7 percent.

Answer to Question 2

A time series graph reveals four types of information. First, it shows the actual value of the variable(s) at each point in time. Second, it shows whether the variable(s) is rising or falling as time passes. Third, it shows the speed with which the variable(s) is changing. Finally, it shows the presenceor absenceof a trend.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

For a complete list of videos, visit our video library