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After the financial crisis that hits the country of Cinfuria in 2012, a total of 4...
Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to...
Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. b) The labour force survey does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. c) How...
After a financial crisis hits the country of Arcadia, 22 million people become unemployed. If 5555...
After a financial crisis hits the country of Arcadia, 22 million people become unemployed. If 5555 million individuals are lucky enough to keep their jobs, what is the unemployment rate? Please specify your answer to two decimal places. unemployment rate:________________% Which of the choices is most directly related to cyclical unemployment? A.) the age distribution of the country B.) an increased use of the Internet for job searches C.) recessions D.) an increase in the number of new college graduates...
Consider the graph of the labor market shown here. At the wage rate of $15, the...
Consider the graph of the labor market shown here. At the wage rate of $15, the number of unemployed people in this market is: Wage Labor supply $15 $14 $13 Labor demand 20 22 24 Quantity of labor in thousands) zero. 2,000 O 22,000. 4.000. After a financial crisis hits the country of Barbaria, 3 million people become unemployed. If 55 million individuals are lucky enough to keep their jobs, what is the unemployment rate? Please specify your answer to...
7. The BLS reported that in July 2012, employment decreased by 195,000 to 142,220,000 and the...
7. The BLS reported that in July 2012, employment decreased by 195,000 to 142,220,000 and the unemployment rate increased from 8.2 percent in June 2012 to 8.3 percent in July 2012. About 3.4 million people were marginally attached workers and 0.9 million of them were discouraged Part 1. In July 2012, the number of unemployed changed by? (If the number of unemployed decreases, include a minus sign. If the number of unemployed increases, do not include a plus sign). Part...
7. Discouraged searchers and underemployed workers By keeping track of discouraged workers and underemployed workers, Statistics...
7. Discouraged searchers and underemployed workers By keeping track of discouraged workers and underemployed workers, Statistics Canada gets a dearer picture of the true employment situation than if It looked at only the number of unemployed workers. Which of the following statements correctly describe discouraged searchers? Check all that apply. They would like to have jobs They are part-time workers who want to work full time They are not in the labour force They have not looked for work during...
The table below shows the population and employment data for Gilead, a country with a total...
The table below shows the population and employment data for Gilead, a country with a total population of 1 million people. An questions to 2 decimal places (for example: 5.64) Status # of people Children (0-16 years old) 200,000 Employed 325,000 Unemployed 25,000 Discouraged adult workers 50,000 Full-time students over 16 100,000 Retired individuals 100,000 Stay-at-home parents 100,000 Non-civilians (employed by armed forces) 60,000 Institutionalized Individuals 40,000 What is Gilead's Unemployment rate? %5 What is Gilead's Labor Force Participation rate?
3. The table below shows unemployment and labor force statistics for an economy.
3. The table below shows unemployment and labor force statistics for an economy. Actual rate of unemployment 3% Natural rate of unemployment 4% Population of the country 125 million Number of people employed 97 million Number of people unemployed 3 million Number of people employed part time 5 million Number of discouraged workers 2 million e. Suppose discouraged workers reenter the labor force and find employment. Will the actual rate of unemployment increase, decrease, or stay the same?
Suppose that the population over age 16 (adult population) is 150 million and the number of...
Suppose that the population over age 16 (adult population) is 150 million and the number of discouraged workers is 5 million. Moreover, in the month of November 2019, the number of people with full-time jobs was 70 million, and the number of people with part-time jobs was 5 million. If the labour force was 90 million, then calculate values of the following variables. (a). Unemployment rate in November 2019. (b). Labour force participation rate in November 2019.
1) The table below lists the number of people by labor force classification for the country...
1) The table below lists the number of people by labor force classification for the country of Grenyarnia. Employed 78 million Unemployed 12 million Not in the Labor Force 30 million a.) Calculate the number in the labor force, and the unemployment rate. b.) Calculate the number in the adult population, and the labor force participation rate. c.) Suppose 8 million people who were previously employed become discouraged workers. Recalculate the unemployment rate and the labor force participation rate. d.)...
If 4 million people are collecting unemployment insurance benefits, 12 million people are officially unemployed, 113...
If 4 million people are collecting unemployment insurance benefits, 12 million people are officially unemployed, 113 million people are employed, and there are 2 million discouraged workers, (a) How many people are in the labor force? (b) What is the unemployment rate?
Question 5 a) Statistics Canada counts as employed people who work part-time but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. b) The labour force survey does not count discouraged workers as unemployed. Suppose discouraged workers were counted as unemployed. Explain how the unemployment rate and the labour force participation rate would change. c) How...
Consider the graph of the labor market shown here. At the wage rate of $15, the number of unemployed people in this market is: Wage Labor supply $15 $14 $13 Labor demand 20 22 24 Quantity of labor in thousands) zero. 2,000 O 22,000. 4.000. After a financial crisis hits the country of Barbaria, 3 million people become unemployed. If 55 million individuals are lucky enough to keep their jobs, what is the unemployment rate? Please specify your answer to...
7. The BLS reported that in July 2012, employment decreased by 195,000 to 142,220,000 and the unemployment rate increased from 8.2 percent in June 2012 to 8.3 percent in July 2012. About 3.4 million people were marginally attached workers and 0.9 million of them were discouraged Part 1. In July 2012, the number of unemployed changed by? (If the number of unemployed decreases, include a minus sign. If the number of unemployed increases, do not include a plus sign). Part...
7. Discouraged searchers and underemployed workers By keeping track of discouraged workers and underemployed workers, Statistics Canada gets a dearer picture of the true employment situation than if It looked at only the number of unemployed workers. Which of the following statements correctly describe discouraged searchers? Check all that apply. They would like to have jobs They are part-time workers who want to work full time They are not in the labour force They have not looked for work during...
The table below shows the population and employment data for Gilead, a country with a total population of 1 million people. An questions to 2 decimal places (for example: 5.64) Status # of people Children (0-16 years old) 200,000 Employed 325,000 Unemployed 25,000 Discouraged adult workers 50,000 Full-time students over 16 100,000 Retired individuals 100,000 Stay-at-home parents 100,000 Non-civilians (employed by armed forces) 60,000 Institutionalized Individuals 40,000 What is Gilead's Unemployment rate? %5 What is Gilead's Labor Force Participation rate?
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