Suppose that the U.S. noninstitutional adult population is 230 million and the labor force participation rate is 67 percent. a. What would be the size of the U.S. labor force? b. If 85 million adults are not working, what is the...
There are different forms of unemployment in the labor market. They include structural, fictional, cyclical and seasonal. Fictional unemployment occurs as a result of time required for job seekers to meet with the right employer. Seasonal unemployment is caused by changes...
Full employment is the state in which all available sources of labor are being utilized in the most effectual economical manner. It exemplifies the highest amount of unskilled and skilled labor which could be utilized in an economy at a particular...
Labor productivity is a measurement used to evaluate the country’s economic growth. It measures the volume of services and goods produced per labor hour. More particularly, labor productivity evaluates the produced amount of the actual GDP per labor hour. Productivity is...
Introduction Wealth has been associated with happiness in a number of instances. Household wealth has been demonstrated to enhance the well-being of a person by offering a safety protection net against negative income shocks, by permitting expected and current consumption, and...
Introduction Purpose This plan outlines the policies and procedures under which Washington State jurisdiction will operate in case of natural hazards, chemical hazards, terrorist threats and attacks, as well as any other form of emergency. This emergency operations plan has been...
Background Information GameStop Corp. is an American multichannel retailer of video game, wireless services, and consumer electronics. The company was established in 1984, in Texas where its headquarters are currently located. The company has about 6690 retail stores in different parts...
Technological changes have played a great part in causing unemployment among some career groups and employment among others. Among the sectors where technology development has created unemployment include telephone industry where those serving in fixed cable system being faced out by...
Consumption Function The rate of consumption of any population is highly influenced by a number of factors that include net taxes, interest rate, consumer optimism or confidence, the price level, disposable income and the net wealth of consumers. This paper evaluates...
GDP stands for Gross Domestic Product. It is the best way to determine a country’s economy and includes everything that is produced by all the people and companies in that country. Some of the components are personal consumption expenditure and business...