This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the population is 300 million people, the labor force is 200 million people, the number of ... (Read 56 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
on: Jun 30, 2018
Suppose the population is 300 million people, the labor force is 200 million people, the number of people employed is 185 million, and the working-age population is 170 million people. What is the unemployment rate?
 
  A) 8.8 percent B) 5 percent C) 20 percent D) 7.5 percent E) 92.5 percent

Question 2

Refer to the figure above. If the government fixes a minimum wage rate at 25, the unemployment in the market will be:
 
  A) 10 units of labor. B) 20 units of labor. C) 30 units of labor. D) 0 unit of labor.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

olderstudent

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

D


imowrer

  • Member
  • Posts: 514
Reply 2 on: Jun 30, 2018
:D TYSM

sultana.d

  • Member
  • Posts: 320
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo
Epidemiologists look for the causes of disease, such as toxic waste and industrial pollution, at the Epidemiologists look for the causes of disease, such as toxic waste and industrial pollution, at the
U.S. suburbs were once unplanned, rambling affairs that took irregular shapes as people moved away ... U.S. suburbs were once unplanned, rambling affairs that took irregular shapes as people moved away ...
Time vs. USA Population Exponential Time vs. USA Population Exponential
Population receiving welfare, 1960-2020 Population receiving welfare, 1960-2020
Video: Cataract

For a complete list of videos, visit our video library