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Sample Assignment on Economics doc

   

Added on  2021-06-15

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Running head: ECONOMICS ASSIGNMENTEconomics AssignmentName of the student:Name of the University:Author note

ECONOMICS ASSIGNMENT1Table of ContentsAnswer 1:.........................................................................................................................................2a:...................................................................................................................................................2b:...................................................................................................................................................2c:...................................................................................................................................................3d:...................................................................................................................................................3Answer 2:.........................................................................................................................................3a:...................................................................................................................................................3b:...................................................................................................................................................4c:...................................................................................................................................................5Answer 3:.........................................................................................................................................6a:...................................................................................................................................................6b:...................................................................................................................................................7c:...................................................................................................................................................8Reference:........................................................................................................................................9

ECONOMICS ASSIGNMENT2Answer 1:a:Underemployed are those person in the labor force who are presently employed into ajob, however, the person is underutilized. Contrary to this, marginal attachments refers to thoseperson, who do not provide any active participation in the labor force, however they aredeliberately looking for work in the coming days (Neff, 2017). Thus, underemployed people canbe treated as employed, however the marginal attachment workers will be treated asunemployed. b:i:5% people are unemployed out of total labor force. Thus, the number of peopleunemployed is:165475 x 7.5%= (165475 x 7.5)/100= 12410Therefore, 12410 people are unemployed. ii:Labor force participation rate = (Number of actively participating people in the labor force / Total number of eligible people toparticipate in labor force) x 100

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