ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
What are categories of population: (Select what applies)
Select one or more:
a. Labor Force
b.
c. Not in the labor force
d. Employed
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- Category Total population Less than 16 years of age Over 65 years of age Institutionalized 15 Part-time workers 40 Full time workers 145 Actively looking for work 10 In the US Armed forces 20 The Labor force participation are is 95% 83.% 80% 93% a. b. C. Number of people (million) 305 d. 30 5arrow_forwardQuestion 3 The table below gives some labor statistics (from the Bureau of Labor Statistics) for years 1995, 2000 and 2005. Use these data to answer the following questions. Express your answers in percentage terms to two places past the decimal. Variable 1995 2000 2005 Population 26,000,000 27,000,000 28,000,000 Adult population 18,000,000 19,000,000 20,500,000 Adult population able to work 17,900,000 18,800,000 20,000,000 Adult population able and wanting to work 15,700,000 16,500,000 18,000,000 Number employed 14,000,000 14,500,000 15,000,000 Number unemployed 1,000,000 1,500,000 2,500,000 a. Define labor force. For each year find the labor force b. Define the labor-force participation rate. Calculate it for each year c. Calculate the unemployment rate for each year.arrow_forwardQUESTION ONE (a) The table below shows the average monthly salary in Kenya Shillings and the respective consumer price index: Consumer Price Index Year Monthly Salary Index (CPI) 2005 20000 150 85.7 2006 21500 175 100 2007 22700 205 117 2008 23500 215 122 (i) Calculate real income and explain whether or not the material welfare of the individual improved over the five years. Calculate the deflated average salary after changing the base year from 2006 to 2008. (ii) (b) Giving examples, differentiate between open ended questions and closed ended questions. (c) Explain what is involved in piloting of a questionnaire.arrow_forward
- Note: typed answer with 100℅arrow_forwardUse the graph to answer the following question. Median Annual Earnings of Full-Time, Year-Round Workers Ages 25-34, by Educational Attainment: 2019 Delars S0.000 0.000 S70.000 70.000 S50,700 60.000 $55,700 S0.000 $44700 S31,700 $40.000 40,000 S35.000 $29,300 30.000 20.000 10.000 Some college, no degree Assodale's degree Bachelor degree Masters or higher degree Al educational Less than High school completion Total ettainment levels high school completion Bachelor's or higher degree Educational atainmest Which of the following statements is supported by the information in the graph? O A. High school graduates earn an average income. B. Investing in education leads to a higher standard of living. O. C. Education has little impact on the earnings of workers. O D. The costs of post-secondary education are greater than the benefits. 7 8 9. 4. W e m b n altarrow_forwardEssay Topic: Economic Inequality Introduction/Argumentarrow_forward
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