Answer 42 and 43 don't solve 1 st answer Question 41For questions 41-43, consider the data in the table below for a simple economy. The unemployment rate forthis simple economy equalsTotal Population100,000Working-AgePopulation60,000Employed30,000Unemployed10,000O (30,000/40,000) x 100 PercentO (20,000/60,000) x 100 PercentO (20,000/70,000) x 100 PercentO (10,000/40,000) x 100 PercentYou learn that of the 60,000 working-age individuals in this economy, 10,000 are discouraged workers thatwould take a job if offered one but are not actively searching for work. The unemployment rate consideringthe discouraged workers isO (30,000/60,000) x 100 PercentO (20,000/50,000) x 100 PercentO (20,000/40,000) x 100 PercentO (15,000/50,000) x 100 PercentQuestion 43You learn that of the 30,000 employed individuals in this economy, 10,000 are involuntary part-time workersthat would like to work 20 more hours per week. The unemployment rate considering the involuntary parttime workers isO (15,000/45,000) x 100 PercentO (20,000/45,000) x 100 PercentO (20,000/40,000) x 100 PercentO (15,000/40,000) x 100 Percent

Total population=100,000 Working age population=60,000 Employed=30,000 Unemployed=10,000 42. Working…

(15,000/50,000) x 100 Percent Question 43 You learn that of the 30,000 employed individuals in this economy, 10,000 are involuntary part-time workers that would like to work 20 more hours per week. The unemployment rate considering the involuntary part time workers is O (15,000/45,000) x 100 Percent O (20,000/45,000) x 100 Percent O (20,000/40,000) x 100 Percent O (15,000/40,000) x 100 Percent

(15,000/50,000) x 100 Percent Question 43 You learn that of the 30,000 employed individuals in this economy, 10,000 are involuntary part-time workers that would like to work 20 more hours per week. The unemployment rate considering the involuntary part time workers is O (15,000/45,000) x 100 Percent O (20,000/45,000) x 100 Percent O (20,000/40,000) x 100 Percent O (15,000/40,000) x 100 Percent

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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