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What is the unemployment in the region?

What is the unemployment in the region?

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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5. Suppose in a region the unemployment rate for male is .10 and the unemployment rate for female is .20. The unemployment rate of those with college degree is .05 and those without college degree is .25. Suppose half of the labor force is male and half is female.

(a) What is the unemployment in the region? What is the proportion of college graduates in the labor force?

(b) Suppose half of the college graduates are male and half are female. The unemployment rate for male college graduate is .02. What is the unemployment rate of female college graduates?

(c) Do you think there is discrimination against female college graduates? Explain your answer.

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