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

Expert Solution

Rahul Sunny answered 1 year ago

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...

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...

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...

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...

Please answer all the questions. Thank you Use the following data to answer the questions below:...

Please answer all the questions. Thank you Use the following data to answer the questions below: Column 1 Column 2 Column 3 Y in $ C in $ 0 500 500 850 1,000 1,200 1,500 1,550 2,000 1,900 2,500 2,250 3,000 2,600 What is mpc and mps? Compute mpc and mps. Assume investment equals $ 100, government spending equals $ 75, exports equal $ 50 and imports equal $ 35. Compute the aggregate expenditure in column 3. Draw a graph...

Use the chart of data below to answer the following questions. This data represents enrollment for...

Use the chart of data below to answer the following questions. This data represents enrollment for the Fall semesters 2013 – 2017 years. Part a: Is being part time dependent upon gender? Part b: Is the probability of being a male student enrolled (or female) dependent upon year? Part c: Create a probability tree, with the appropriate probabilities using the data from the table. Assume the tree is showing the PT or FT probabilities given the gender of the student....

Question