Question Details

[solution] » US Labor Force. The US labor force, population, and unemployment

Brief item decscription

Step-by-step solution file


Item details:

US Labor Force. The US labor force, population, and unemployment
More:

US Labor Force.


The US labor force, population, and unemployment rate in January 2013 were as follows:

Labor Force 155,825,000

Population 315,079,109

Unemployment rate 8.0%

Based on these figures:

(a) How many people were unemployed?

(b) How many more jobs would be required to push the unemployment rate down to 5%?

(c) According to Okun's Law, how much would GDP have to increase (in percentage) in

order to create enough jobs to push the unemployment rate down to 5%?

You can only find the percentage change needed from this information.

 







About this question:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Feb 21, 2020

PRICE: $24

Solution~000422301.zip (18.37 KB)

Buy this answer for only: $24

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.
SiteLock

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now