Suppose that an economy has 9 million people working full-time. It also has 1 million people who are actively seeking work but currently unemployed as well as 2 million discouraged workers who have given up looking for work and are currently unemployed. What is this economy’s unemployment rate?
a) 10 percent
b) 15 percent
c) 20 percent
d) 25 percent

a) 10 percent

Explanation:

Unemployment is when workers are willing bro work and unable to find work.

Unemployment brate is a ratio of unemployed workers to the total civilian population.

We only consider workers that are willing to work as being unemployed

So willing workers that are unemployed= 1 million

Employed workers= 9 million

Civilian population = unemployed+ employed

Civilian population= 9+1= 10

Unemployment rate= Unemployed/ Civilian population

Unemployment rate= 1/10= 0.1= 10%

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

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