Ans: 1(a) Unemployment Rate = Unemployed Employed + Unemployed In January 2012‚ 141‚608 thousand were employed and 12‚748 thousand were unemployed. Unemployment rate = 12‚748 ÷ (141‚608 + 12‚748) = 8.26% In January 2013‚ 143‚322 thousand were employed and 12‚332 thousand were unemployed. Unemployment rate = 12‚322 ÷ (143‚322+12‚332) = 7.92% 1(b) Employment-Population ratio = In January 2012‚ 141‚608 thousand were employed and total population was 244‚663 tnousand. Employment-Population ratio
Premium Inflation Unemployment
indicators for analysis of living standards in Latvia and Scandinavian countries – Sweden and Norway Author: Yevgeniya Grygorchuk Group D1A2 Supervisor: A.Petrovs Riga‚ Month 2009 Introduction 4 Topic relevance 4 Course paper aim 4 Course paper tasks 4 1 Theoretical basis 5 1.1 Definition of the term “living standards” 5 1.2 Factors that influence an increase in living standards 5 1.3 Economic indicators for analysis of living standards 6 1.3.1 GDP per capita
Premium European Union Gross domestic product Economics
the widening‚ intensifying‚ speeding up‚ and growing impact of worldwide interconnectedness. With the development of globalization‚ the world is gradually developed into a "global village". The world witnesses in this millennium they are drastic change in the various fields of everyday life. Researchers debate whether the force of globalization will improve people’s living standards. This essay will argue that globalization raise living standards for International education‚ better health services
Free Globalization International trade World Health Organization
Why is GDP per capita useful as a measure of living standards? What are the limitations of GDP per capita as a comparable measure of living standards? Gross Domestic Product (GDP) measures the monetary value of final goods and services produced in a given year by factors of production within a country. GDP reports are released on the last day of each quarter‚ reflecting the previous quarter. Therefore‚ it is measured on a quarterly basis and measures the level of economic growth in different countries
Premium Gross domestic product Economics Purchasing power parity
years I have happened to observe some differences between the lifestyles of residents living in Canada and the United States; some differences being more apparent than others. To identify these differences‚ lets first look at the difference between standard of living and quality of life as these are specific terms I will use to identify the differences in lifestyles between Americans and Canadians. Standard of living refers to the level of wealth‚ comfort and material goods and necessities available
Premium Taxation in the United States Canada Tax
A RESEARCH PROJECT REPORT On “Impact of Micro Finance on Living Standard Empowerment and Poverty Alleviation of Poor Women: A Case Study of North India” Submitted to: Kurukshetra University‚ Kurukshetra in partial fulfillment for the degree of Master of Business Administration (Session -) Under the Supervision of: | Submitted by: | Ms. Shelly Singhal | | Faculty MBA | Uni. Roll. No.……….. | MAIMT | MBA (F) | MAHARAJA AGRASEN INSTITUTE
Premium Microfinance Poverty
Introducing the national living wage will have many economic implications on the employers. Moving from the minimum wage of £7.20 hourly to £8.45 for workers outside London and £9.75 for workers within London will definitely requires some actions from the firms. This essay will illustrate the impact of the national living wage that will have towards the employers. Most of them will have higher costs especially small firms where their business will be in high risk of bankruptcy. Higher costs mean
Premium Minimum wage Employment Wage
of ’Unemployment’Unemployment occurs when a person who is actively searching for employment is unable to find work. Unemployment is often used as a measure of the health of the economy. | The most frequently cited measure of unemployment is the unemployment rate. This is the number of unemployed persons divided by the number of people in the labor force. Reasons for Unemployment People can be unemployed for a variety of reasons. The Bureau of Labor Statistics (BLS) notes five prime reasons
Premium Minimum wage Unemployment Employment
and living standard GDP per person is measured frequently that most countries provide information on GDP allowing comparing with other countries. It is measured on a consistent basis that the technical definition of GDP is relatively consistent among countries. When compared to other countries with GDP per capita‚ GDP per capita as well as abroad is almost always higher‚ therefore‚ rich countries and the poor have very different rate of GDP per person. If large GDP leads to a higher standard of living
Premium Inflation Economic growth Gross domestic product
Tyler Bartel History 202 2/22/11 3. The Standard of living changed with the production of mass produced goods. Before 1900 luxuries such as ready-made clothing were only accessible to the rich but when machines were able to mass produce these items it made them available to the common man. The mechanization increased wages and business but the downside to this was corporations could monopolize an industry which made it extremely hard for small businesses. Another big change in this time period
Premium Racial segregation Manufacturing American Civil War