Illustrate Measuring unemployment
Illustrate Measuring unemployment?
Expert
1. The population is divided into three groups: those under age 16 or institutionalized, that not in labour force and the labour force that includes those ages 16 and over who are willing and able to work.
2. The unemployment rate is defined as the percentage of the labor force that is not employed.
3. The unemployment rate is calculated by random survey of 60,000 households nationwide.
a. Part-time workers are counted as “employed.”
b. “Discouraged workers” who want a job, but are not actively seeking one, are not counted as being in the labor force, so they are not part of unemployment statistic.
Give a brief introduction of the term Financial Leverage?
Problem: Luke likes to consumer CDs (good1) and pizzas (good 2). His preference over both goods is given by the utility function U(x1; x2) = x21
Adam Smith and the “typical liberal” economists who followed within his footsteps viewed persistent monopolization and market power as: (1) ineffective and best regulated through government. (2) crucial in finding the rate of technological
surpluses drives price down,shortages drive up
What happens in the resource markets?
Questions: 1: Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month? Explain your choice. Q : Parking meters may yield little or no Explain: “Even though parking meters may yield little or no net revenue, because of the rationing function they perform nevertheless be retained”
Explain: “Even though parking meters may yield little or no net revenue, because of the rationing function they perform nevertheless be retained”
Describe GDP gap and Okun’s Law?
Q X= 600- 6PX + 20I +0.4PY c. Suppose PX increases by 10%, by what percentage would sales decrease? Explain how this price increase affect total revenues from good X.
Give a brief introduction of the term Cost of retained earnings?
18,76,764
1934513 Asked
3,689
Active Tutors
1440351
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!