In three to four sentences, summarize the overall message within President Obama's speech.

Suppose Canada has a population of 30 million people and a labor force participation rate of 2/3. Furthermore, suppose the natur

olga2289 [7]

Answer:

the unemployment rate is above the natural rate of unemployment

Explanation:

The unemployment rate may be defined as the percent of the unemployed people in a total labor force. Workers may be considered as unemployed when they do not work currently, but they are willing to work and are able to do so.

The total labor force of a country includes all the employed as well as the unemployed people within the economy.

The natural rate of unemployment is defined as the unemployment rate which exist in a growing economy.

In the context, total population is given = 30 million

Labor force participation rate = 2/3.

Therefore, labor force = 2/3 of 30 million

= 20 million people

The natural rate of unemployment in Canada is given = 7%

The current unemployed people is = 2 million

Therefore, unemployment rate = (unemployed people/total labor force) x 100

= (2/20) x 100

= 10 %

Thus

natural rate of unemployment in Canada is 7%

unemployment rate is 10%

From here we can see that the unemployemnet rate is higher than the natural rate of unemployment in Canada.

Hence the answer is ---

the unemployment rate is above the natural rate of unemployment

6 0

2 years ago

The different types of resources and how they affect the development process? <br>

Nataly [62]

Answer:These resources, called productive resources, are often classified into three groups: natural resources, human resources, and capital resources. Natural resources (often called land) refer to resources such as coal, water, trees, and land itself. Raw materials used in production come from natural resources.

4 0

2 years ago

In the game of economics, ____________ play a double role as both consumers and producers.

Len [333]

The correct answer would be, Workers.

In the game of economics, Workers play a double role as both consumers and producers.

Explanation:

In an economy, there are companies which produces goods or services, that are used by the consumers. Consumers are the people who pay for the produced products or services by the companies and buy them for their use.

Consumers pay money for buying the products and producers earn profits for selling their products.

There are people who play a double role, as both consumer and producers. These are the workers. Workers who work in companies to produce products to be sold the consumers act as producers, and when the same workers buy their own products for their use, they act as consumers. For example, workers in a soap factory who act as producers there, when buy soap for their personal use, they act as consumers of their own product.

Learn more about producers and consumers at:

brainly.com/question/14325305

#LearnWithBrainly

4 0

2 years ago

Tyron is excited by the "path not taken." Exploring the unknown and trying to accomplish what others have never done before exci

myrzilka [38]

Answer:

First answer: "...yearn to accomplish activities others have never done before ".

"Tyron is excited by the "path not taken." Exploring the unknown and trying to accomplish what others have never done before. " Charismatic leaders such as Tyron yearn to go where no one has before.

Second answer: "...dramatic and unique". The text says that they are great actors (hence "dramatic) and significant in positive ways (hence unique).

6 0

2 years ago

Gratifications refer to activities in which people are optimally challenged and that result in personal growth. True False

Lorico [155]

The answer to this would be True

7 0

1 year ago