3. Consider the economy of Sandersonia. The population of Sandersonia is 100 people. Of the population, 70 people have jobs and 7 people are without jobs but actively looking and applying for jobs. There are 10 people who would like to work but have stopped applying for jobs out of frustration from an unsuccessful job search. There are 8 people enjoying a life of luxury during retirement and are not looking for work. Five individuals would like to work and have perused some job postings but not yet applied. a. What is the unemployment rate in Sandersonia? b. Suppose that now 70 individual in Sandersonia continue to have jobs. However, the 2 of the individuals who were actively applying for jobs have given up and stopped applyirg. What is the unemployment rate now? c. In addition to the unemployment rate, what is one other statistic economi ts can utilize to assess the state of the labor market?

Q: Is there any e-business apps that you would suggest to a small business in order to help it survive…

A: e-business is functioning very well during the pandemic, whether it was small or big business…

Q: Can someone answer more of the questions?

A: Disclaimer- “Since you have asked multiple question, we will solve the last three question of 1st…

Q: When did Jesus died

A: April 3, 33 AD

Q: What is economic

A: Economic is divided into two major discipline that is microeconomics and macroeconomics. Here,…

Q: 1. I, Jelaika Jade Locsin Montesa, a fresh graduate of the University of Santo Tomas wish to inform…

A: This sentence is not effective because it is too long and flowery. It also does not specifically…

Q: What is the matter economic

A: Discussing the "matter" of economics involves exploring its fundamental components and core…

Q: What is home economic

A: Economics is a part/branch of the social-science in which we worried about the consumption,…

Q: could you also help with question g ?

A: Ariel's opportunity cost for 1 book 2/3=0.67 problem set.So Ariel will accept price when her…

Q: the increasing integration of eocnomies cultures and institutions across the world

A: People can share culture, institutions and other social-economic among each other.

Q: ings that Mark Louis provided to you during an online presentation.

A: 1. Leverage your voice Whenever you eliminate the actual point from your show, your voice…

Q: solve all plea

A: Hi there , as per our guidelines we can solve only 1 question at a time . So we are solving Ques 2-2…

Q: What is the total utility at 4 units and the marginal utility when Jenna goes from consuming three…

A: The objective of the question is to calculate the total utility at 4 units and the marginal utility…

Q: Write the method of  Computing the Present Worth?

A: Present value/worth is defined as the current value of the amount of money that a person will…

Q: who is Peter Brennan and what does he does?

A: Some of the people inthe world are known for their work and their contribution in the society in…

Q: tina, a teenager, declined an invitation to have refreshments with her friends after Sunday School.…

A: Values are fundamental beliefs that guide or motivate behaviours or mentalities. They assist us in…

Q: the increasing integration of eocnomies cultures and institutions across the world

A: Promoting interaction, interdependence, and integration of nations economically, politically, and…

Q: What role have leaders played in its formation and maintenance?

A: Answer in step 2

Q: Based on what you have learned so far, what is the biggest problem an economy faces and how can we…

A: In the short run, all resources are fixed but labor is a variable input and in the long run, all…

Q: The Utility theory used in economics holds the belief that an item or service's utility is a measure…

A: This question pertains to the concept of utility theory in economics, which states that the utility,…

Q: Hazel is thinking of making some of her operations sustainable. Construct some ideas that she might…

A: Hazel can perform the lawn service herself, saving money on hiring personnel.

Q: Stella typically makes decisions using considerable effort and a complex thought process. Which of…

A: The process of proper evaluation of the available options and making the optimum choice amongst the…

Q: how macrosystematics work

A: Macro systematics is a hedge or mutual fund strategy on the basis of their holdings in a portfolio…

Q: he industries in South Africa, such as housing and healthcare, are controlled by the government.…

A: The conclusions that can be drawn about the South African economy based on the given information is…

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.