State A has a total population of 10 million, of which 70 percent are adults (civilian noninstitutional population aged 16 and over). 20 percent of the adult population is not looking for a job, 60 percent of the remaining adult population is employed, and 40 percent of the remaining adult population is not employed but available for work and tried to find employment during the previous four weeks. (a) What is the labor-force for this state? (b) What is the labor-force participation rate? (c) What is the unemployment rate? (d) Can the unemployment rate change if there is no change in the number of adults without a job looking for one? Explain

If immigration is reduced, what is the impact on the wage for low-skilled labor? Explain.

None

16) If labour market discrimination crowds women into a limited number ofoccupations so that the number of occupations available to men increases, then(a) the wages of men will be lower, but the marginal productivity of men will be higherthan it otherwise would be.(b) both the wages and the marginal productivity of men will be higher than theyotherwise would be.(c) both the wages and the marginal productivity of men will be lower than theyotherwise would be.(d) wages of men will be higher, but the marginal productivity of men will be lowerthan it otherwise would be.

at job group(Occupation) was the smallest among immigrants? Why do you think so few people from that group came to the United States?2.) What job group was the largest? Why do you think so many people from that group came to the United States?

- What is a Reservation Wage?

WAGE (Dollars per hour) 15 Labor Supply 12 0 200 400 600 Labor Demand 900 1000 QUANTITY (Thousands of workers) Graph Input Tool Labor Market Wage Rate (Dollars per hour) Labor Demanded (Thousands of workers) $11.1 260 Labor Supplied (Thousands of workers) 740 480 Surplus Labor (Thousands of workers) Labor Demand Shifters Tax Credit (Dollars per hour) ° ? Suppose the minimum wage in this economy is $11.10 per hour. An unemployed worker is defined as someone who is willing to work at the prevailing wage but is unable to find employment. Because the minimum wage lies above the equilibrium wage, it is binding, which means it is also the prevailing wage. If the wage is not allowed to fall below $11.10 per hour, the size of the unskilled labor force is workers are considered unemployed. The unemployment rate is defined as the percentage of unemployed workers in the labor force: Unemployment Rate = Unemployed Labor Force x 100 workers, and unskilled At a minimum wage of $11.10 per hour, the…

16 The weekly salary of sales staff of a department store are shown below.  "f" is the frequency or the number of staff members earning the stated salary (x).   Salary Frequency x f $590 7 680 6 940 29 980 10 1540 2 1880 1     The mean weekly salary is _______. a $868     b $913     c $961     d $1,012

2. Graphing demand for labor and computing the optimal quantity of labor demanded A company operates in a competitive market, selling each unit of output for a price of $20 and paying the market wage of $330 per day for each worker it hires. In the following table, complete the column for the value of the marginal product of labor (VMPL) at each quantity of workers. Labor Output Marginal Product of Labor Value of the Marginal Product of Labor (Number of workers) (Units of output) (Units of output) (Dollars) 20 1. 20 19 2 39 18 57 15 72 12 84 On the following graph, use the blue points (circle symbol) to plot the firm s labor demand curve. Then, use the orange line (square symbols) to show the wage rate. (Note: If you cannot place the wage rate at the level you want, move the two end points individually.) Hint: Remember to plot each point halfway between the two integers. For example, when the number of workers increases from 0 to 1, the value of the marginal product for the first…

Calculate NNPFC Given NDPFC is $3200 and net factor income from abroad is $5000