HomeworkLib
Question

Questions on Lecture and D2L Readings For the next three questions, consider that 97 people in...

Questions on Lecture and D2L Readings

For the next three questions, consider that 97 people in a community already have a job and in addition

* Joe has no job but is looking.

* Mary has a part-time job but can barely pay her bills. She wants a full-time job.

* Jim has given up looking for work and lives off his spouse’s income.

9. The labor force participation rate is

a. 1/3

b. 2/3

c. 97/99

d 99/100

10. The unemployment rate is

a. 1/3

b. 2/3

c. 1/99

d. 1/100

11. Who could be called hidden unemployed?

a. Joe, Mary, Jim

b. Mary & Jim

c. Joe only

d. Jim only

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Q9
Answer
Option d
labor force participation rate=labor force /working age population
labor force =employed+ part time employed +looking for job
=97+1+1=99
working age population =labor force +discuraged worker(Jim)
=99+1
=100
labor force participation rate=99/100
====
Q2
Answer
option c

unemployment rate =unemployed /labor force
unemployed =lokking for job =Joe=1
Unemployement rate =1/99
=====
Q3
Hidden unemployment is the discuraged unemployment as it is not included in the unemploment but it is unemployed.
Only Jim
Option d

0 0
Add a comment
Know the answer?
Add Answer to:
Questions on Lecture and D2L Readings For the next three questions, consider that 97 people in...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Questions on Lecture and D2L Readings 13. The Canadian health care system most likely does a...

    Questions on Lecture and D2L Readings 13. The Canadian health care system most likely does a better job with the _________ problem than the U.S. system a. efficiency b. equity 14. Grace Marie Turner’s concern with government provided health insurance is that it takes away a. equity b. oligopoly and economies of scale. c. freedom. d. both a) and c) are correct. 15. The Canadian system does not include a. dental care. b. eye care. c. both of these. d....

  • Consider a small economy composed of six people: Yakov, Ana, Charles, Dina, Juanita, and Gilberto. Each...

    Consider a small economy composed of six people: Yakov, Ana, Charles, Dina, Juanita, and Gilberto. Each person's employment status is described in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in the civilian adult population. Person Status Yakov is...

  • 1. Measuring employment, unemployment, and labor force participation Consider a small economy composed of six people:...

    1. Measuring employment, unemployment, and labor force participation Consider a small economy composed of six people: Bob, Cho, Eric, Ginny, Lucia, and Kenji. Each person's employment status is described in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person’s status as employed, unemployed, “not in the labor force” (if not in the civilian labor force but still part of the adult population), or “not in the adult population” if not in...

  • Consider a small economy composed of six people: Felix, Janet, Larry, Megan, Susan, and Raphael. Each...

    Consider a small economy composed of six people: Felix, Janet, Larry, Megan, Susan, and Raphael. Each person's employment status is described in the following table. Based on the criteria used by the Bureau of Labor Statistics (BLS), identify each person's status as employed, unemployed, "not in the labor force" (if not in the civilian labor force but still part of the adult population), or "not in the adult population" if not in the civilian adult population. Person Status Felix is...

  • be Employment/Business Cycles Assignment Chp.9 Use your textbook and lecture notes to answer the following questions...

    be Employment/Business Cycles Assignment Chp.9 Use your textbook and lecture notes to answer the following questions The discussion question (1 and 2) must be a minimum of 2 paragraphs each, either typed (12 font) or written on a separate sheet of paper,f can't read your writing, please, type to receive full credit. 1. Discuss the worst economic times and the best economic times use economic terms. 2. Discuss the best periods of employment using a periodic time table. 3. Using...

  • For the next three questions, consider the three stocks in the following table. Pt represents price...

    For the next three questions, consider the three stocks in the following table. Pt represents price at time t, and Qt represents shares outstanding at time t. Stock C splits two for one right after time 1 (P1' and Q1' represent the stock price and shares outstanding after the split) PO 0 P1 P1" 1' 90 100 10095 100 50 200 5 100 200 110 Question 6 (1 point) Calculate the rate of return on a price-weighted index of the...

  • 13. A chemical company just got a large order for one of their products from a...

    13. A chemical company just got a large order for one of their products from a large manufacturing company. To meet the demand, the owners come to you and ask if there is a quick, safe, and easy way to triple production without increasing production time. The reaction of interest has an activation energy of 85 kJ mol-' and has a rate constant of 9.33 X 10 - M s at 80 °C. You note that the facility can only...

  • afari 4. ar Part 3: Multiple Choice and True/False Questions from Chapter 15 Textbook Readings. Choose...

    afari 4. ar Part 3: Multiple Choice and True/False Questions from Chapter 15 Textbook Readings. Choose one ans wer only Ci 1). Boards of nursing have a number of disciplinary choices that may include which of the following? a) Loss of work hours U b) Community service c) Revoking a license d) Time in jail Answer: 2). The primary obligation of all board of nursing members is to do which of the following? a) License enough nurses to meet the...

  • Please help to explain for the below questions 97. Betty purchased an annuity for $24,000 in...

    Please help to explain for the below questions 97. Betty purchased an annuity for $24,000 in 2015. Under the contract, Betty will receive $300 each month for the rest of her life. According to the actuarial estimates, Betty will live to receive 96 payments and will receive a 3% return on her original investment. a. If Betty collects $3,000 in 2015, her gross income is $630 (.03 × $21,000). b. Betty has no gross income until she has collected $24,000....

  • PLEASE HELP ME WITH QUESTIONS 5 - 8 - 10 ! THANK YOU! Consider a basic...

    PLEASE HELP ME WITH QUESTIONS 5 - 8 - 10 ! THANK YOU! Consider a basic economic order quantity (EOQ) model with the following characteristics: Item cost: $15 Item selling price: $20 Monthly demand: 500 units (constant) Annual holding cost: $1.35 per unit Cost per order: $18 Order lead time: 5 working days Firm's work year: 300 days (50 weeks @ 6 days per week) Safety stock: 15% of monthly demand For this problem, determine the values of: Question 1...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT