ARE 201 Lab 2

ARE 201 Lab 2

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Unformatted text preview: ons from automobiles. c) Luxury taxes charged on certain commodities such as furs, cars, and boats. d) Financial aid to college students. e) None of the above. 3 Calculation and Interpretation of the Unemployment Rate: a) Fill in the blanks in the table below. Then calculate the unemployment rate and the employment rate using the information in the table. Variable Number (millions) Civilian Non-Institutionalized Population 240.584 Civilian Labor Force 153.887 Employed Population 140.790 Unemployed Population 6. a) 6.755 b) 13.097 c) 4.454 d) 6.501 Population Not in Labor Force 7. a) 69.725 b) 74.425 c) 66.505 d) 86.697 8. Unemployment Rate = a) 6.75% b) 5.35% c) 8.51% d) 4.50% 9. Employment Rate = a) 91.49% b) 75.95% c) 83.68% d) 54.50% 4 10. What are the general relationships between the unemployment rate and education and the unemployment rate and race? a) Increased education results in decreased unemployment rates; difference between unemployment rates between Whites and Blacks decreases as education levels increase. b) Increased education results in increased unemployment rates as well; difference between unemployment rates between Whites and Blacks decreases as education levels increase. c) Increased education results in increased unemployment rates as well; difference between unemployment rates between Whites and Blacks increases as education levels incr...
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This lab report was uploaded on 02/19/2014 for the course ARE 201 taught by Professor Eryuruk during the Spring '08 term at N.C. State.

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