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- S1: In the development efforts of the Philippines, hard infrastructures can be done by privately owned firm as long as these firms are 100% Filipino owned. S2: Migration is a product of push factors from both the country of origin and the country of destination. A. True, True B. True, False C. False, True D. False, FalseLet’s assume that a country in the Caribbean reports the following labour statistical data to its citizen in 2011. Labour force: 140,200 Individuals under 16 years: 12,400 Employment: 132,700 Imprisonment: 980 Working age population: 210,900 Armed forces: 18,600 calcuate (d) Not in the labour force (e) Working age population ratioTRUE or FALSE 29. For the Philippines, net international migration is the difference between the number of Filipinos emigrating migrating to other countries and the number of Filipinos migrating back to the country 30. Urban and rural areas are completely opposed in terms of available amenities from the local governments and available services from the national government
- Homemakers are not part of the labour force. Select one: True False27. Who are generally counted in the labour force of a country? a.The people of 20 to 60 years of age b.The people of 15 to 65 years of age c.The people of 21 to 62 years of age d.The people of 17 to 60 years of ageSupoose 550 people were surveyed and of those 550, 450 were working full time. of the 100 ot working, 20 were full time collge students, 30 were retired, 10 were under 16 years of age, 15 had stopped looking for work because they believe there were no jobs for them and 25 were actively looking for work. 1. How many of the 550 surveyed are in the labour force? 2. what is the unemployment rate among the 550 sruveyed people?
- Find the GNP deflator if the nominal GNP is 2530 and The real GNP is 3000.D & R A1 2 -2 Question 2. Contango and Backwardation Define and contrast backwardation and normal backwardation.There are 160 million population. 90 million people are working; 10 million are not working but are looking for work; and 20 million are not working and have given up looking for work. Solve for the labour force participation rate. Additionally: Could someone explain the difference between ‘population’ vs ‘adult population’? How do we derive the ‘adult population’ if they only provide numbers for the ‘population’? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- Suppose that education does not affect worker’s productivity, but it is more costly for low-ability workers to obtain the education. If firms cannot distinguish between different workers they must pay them all the wage equal to the expected productivity. If they can distinguish between workers with different abilities, they pay each worker their marginal product of labour and make zero profits. 70% of workers in the population have low ability. The productivity of low-ability workers is YL = 20000, and the productivity of high-ability workers is YH = 50000. The cost of education to high-ability workers is CH(S) = S 4 , and the cost of education to low-ability workers is CL = S. 1. Suppose firms cannot observe worker’s education. What wage will they offer to a highability worker? What is the optimal level of schooling for the high-ability worker? Why? 2. Suppose that firms can observe worker’s educational attainment and believe that workers with the level of schooling above some…Suppose that education does not affect worker’s productivity, but it is more costly for low-ability workers to obtain the education. If firms cannot distinguish between different workers they must pay them all the wage equal to the expected productivity. If they can distinguish between workers with different abilities, they pay each worker their marginal product of labour and make zero profits. 70% of workers in the population have low ability. The productivity of low-ability workers is YL = 20000, and the productivity of high-ability workers is YH = 50000. The cost of education to high-ability workers is CH(S) = S 4 , and the cost of education to low-ability workers is CL = S. (Answer 4.5.6 only) 1. Suppose firms cannot observe worker’s education. What wage will they offer to a highability worker? What is the optimal level of schooling for the high-ability worker? Why? 2. Suppose that firms can observe worker’s educational attainment and believe that workers with the level of…The labor-force participation rate measures the percentage of the a. total adult population that is in the labor force. b. total adult population that is employed. c. labor force that is employed. d. labor force that is either employed or unemployed.