« previous next »

Author Question: Suppose that the population is 275 million. Also assume that the labor force is 135 million and that ... (Read 120 times)

erika

  • Hero Member
  • *****
  • Posts: 522
on: Jun 29, 2018
Suppose that the 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

Which of the following correctly describes incentives?
 
  A) Incentives refer to the maximum price that a buyer is willing to pay for a good.
  B) Incentives are rewards or penalties that motivate people to behave in a particular way.
  C) Incentives are prices that are fixed by the government and not by market forces.
  D) Incentives refer to the minimum price at which a seller is willing to sell a product.


AmberC1996

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 29, 2018
Answer to Question 1

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

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Genetic drift and population size. Genetic drift and population size.
Stages of Labor Stages of Labor
Population of Major Civilizations of Europe, Asia, and Africa, AD 1500 Population of Major Civilizations of Europe, Asia, and Africa, AD 1500
Indentured Labor from Asia Indentured Labor from Asia
How do resultant force work among different angles? How do resultant force work among different angles?
HIV in population worldwide HIV in population worldwide
Video: Flexor reflex & Crossed extensor reflex

For a complete list of videos, visit our video library