MATH 246 Quiz: Quiz 2 Solutions Fall 2009
14 Mar 2019
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Answer all of the following four questions (each worth 15 points for 60 points overall). If you can make reference to articles read, so much the better. On the basis of historical evidence, predict roughly what the corresponding unemployment rate would be for black and hispanic men. From the above information, p = 90; e = 55; u=5. Labor force participation rate: lf/p (where lf = e + u) = 60/90 =0. 66 or 66% Unemployment rate: u/lf = 5/60 =0. 083 or 8. 3% Historically black unemployment rates are double those of white and hispanic unemployment rates are somewhere between the two. 1. b)briefly describe and explain the most significant trends in male labor force participation over the last fifty years, commenting on any major differences between black male and white male participation rates. Men"s labor force participation has declined over the last fifty years, while that of women has increased.
