Question
In: Economics
Use the following data to answer questions: Total population = 300 million. Adult noninstitutionalized civilian population...
Use the following data to answer questions:
Total population = 300 million.
Adult noninstitutionalized civilian population = 200 million.
Unemployed = 7.5 million
If the labor force participation rate = 70%, what is the labor force
Solutions
Rahul Sunny answered 3 years agoRelated Solutions
1.Suppose that you are given the following information: Total Population 300 million Adult, noninstitutionalized, nonmilitary population...
1.Suppose that you are given the following information: Total
Population 300 million Adult, noninstitutionalized, nonmilitary
population 276 million Unemployed adults 5 million
a. If the labor force participation rate is 74.0%, calculate
the size of the labor force __million. (Enter
your response rounded to one decimal place.)
b. Determine the number of Employed adults: _____ million.
(Enter your response rounded to one decimal place.)
c. Calculate the Unemployment rate: _______ % (Enter your
response as a percentage rounded to two...
Assume the total population of the US is 330 million, and the civilian labor force is...
Assume the total population of the US is 330 million, and the
civilian labor force is 165 million. In the past 6 weeks, new
claims for unemployment compensation totalled 30 million.
a) If that 30 million comprises all of the unemployed, what is
the current unemployment rate?
b) If the NRU is 5%, what is the rate of cyclical
unemployment?
c) According to Okun's Law, what percentage of potential GDP is
being foregone? What is the dollar value of foregone...
Here are some of the demographics. Answer the questions below. Total population 325.0 million Total population...
Here are some of the demographics. Answer the questions
below.
Total population
325.0 million
Total population employed
165.2
Total population seeking jobs
7.7
Total student population (not working)
5.1
Total retired persons
30.4
Total household workers
56.4
Total discouraged workers
2.5
Population age of 15 or older
267.3
a. Calculate labor force percentages and the
unemployment rate.
b. Calculate the employment rate.
c. Use this data to explain what the
problem is with the unemployment rate statistics.
d. Explain why...
Use the following data to answer the questions below:
Use the following data to answer the
questions below: Q
VC
MC
AVC
1
$10
___
___
2
16
___
___
3
20
___
___
4
25
___
___
5
31
___
___
6
38
___
___
7
46
___
___8
55
___
___9
65
___
___ a. Calculate the marginal cost and
average variable cost for each level of production.b. How much would the firm produce if
it could sell its product for...
Use the cost and revenue data to answer the questions. Quantity Price Total revenue Total cost...
Use the cost and revenue data to answer the questions.
Quantity
Price
Total revenue
Total cost
1010
9090
900900
675675
1515
8080
12001200
825825
2020
7070
14001400
10251025
2525
6060
15001500
12501250
3030
5050
15001500
15001500
3535
4040
14001400
18501850
If the firm is a monopoly, what is marginal revenue when
quantity is 2525 ?
MR = $
Not a valid number
tools
x10y
What is marginal cost when quantity is 1515 ?
MC = $
Not a valid number...
Suppose the civilian noninstitutionalized working-age population is 35.9 million in in a hypothetical economy. Of these,...
Suppose the civilian noninstitutionalized working-age population
is 35.9 million in in a hypothetical economy. Of these, 4.9million
are working part-time and 14.53 million are working full-time.
Assume the Bureau of Labor Statistics (BLS) definitions are used
for calculating unemployment data.
Among those not working, the most recent job-search activity for
2.90 million happened less than two weeks ago, while 1.72million
most recently looked for work between two and four weeks ago. An
additional 0.86 million most recently looked for work...
The following table provides data for a project. Use the data to answer the following questions...
The following table provides data for a project. Use the
data to answer the following questions
Activity
Immediate
Predecessor
Time Estimates (weeks)
Optimistic
Most Likely
Pessimistic
Expected
Variance
A
-
6
7
14
B
-
8
10
12
C
A
2
3
4
D
A
6
7
8
E
B,C
5
5.5
9
F
B,C
5
7
9
G
D,E
4
6
8
H
F
2.5
3
3.5
Draw a network to represent the above project.
What is the critical...
The following table provides data for a project. Use the data to answer the following questions...
The following table provides data for a project. Use the
data to answer the following questions
Activity
Immediate
Predecessor
Time Estimates (weeks)
Optimistic
Most Likely
Pessimistic
Expected
Variance
A
-
6
7
14
B
-
8
10
12
C
A
2
3
4
D
A
6
7
8
E
B,C
5
5.5
9
F
B,C
5
7
9
G
D,E
4
6
8
H
F
2.5
3
3.5
Draw a network to represent the above project.
What is the critical...
The following table provides data for a project. Use the data to answer the following questions...
The following table provides data for a project. Use the
data to answer the following questions
Activity
Immediate
Predecessor
Time Estimates (weeks)
Optimistic
Most Likely
Pessimistic
Expected
Variance
A
-
6
7
14
B
-
8
10
12
C
A
2
3
4
D
A
6
7
8
E
B,C
5
5.5
9
F
B,C
5
7
9
G
D,E
4
6
8
H
F
2.5
3
3.5
Draw a network to represent the above project.
What is the critical...
Use the data given in the table to answer the following questions. The data represents the...
Use the data given in
the table to answer the following questions. The data represents
the average number of miles that a salesperson travels in a day
verses the number of sales made each month.
Miles, x
24
32
75
41
76
107
32
46
112
Sales, y
76
58
190
112
141
235
24
147
188
(a) What is the value
of the correlation coefficient for this set of data? Round to 3
decimal places.
(b) What is the...
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