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A country has a total civilian population of 400 million, of which 300 million are over...
4 Suppose that the civilian non-institutional working age population is 244,863, the civilian labor force 155,654,...
4 Suppose that the civilian non-institutional working age population is 244,863, the civilian labor force 155,654, and the employment to population ratio 58.6%. a)What is the unemployment rate? b What is the labor force participation rate? c) If the civilian non-institutional population grows by 1% over the next year and the labor force participation rate remains constant, how many jobs must be created over the next year to leave the unemployment rate unchanged? d) If there is no change in...
In an economy, the working-age population is 400 million. Of this total, 300 million workers are...
In an economy, the working-age population is 400 million. Of this total, 300 million workers are employed. 16 million workers are unemployed. 64 million workers are not available for work (homemakers, full-time students, etc.). 12 million workers are available for work but are discouraged and thus are not seeking work. 8 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The unemployment rate in this economy is % (Round your answer...
Which of the following statements is INCORRECT? Select one: a. The unemployment rate is the number...
Which of the following statements is INCORRECT? Select one: a. The unemployment rate is the number of persons who are unemployed divided by the labor force then times 100. b. The labor-force participation rate is the labor force divided by the working-age population then times 100. C. The labor force is equal to the number of people employed plus the number of people unemployed. d. The working age population includes everyone over the age of 16. Next page 19 Hamdan...
(All numbers in thousands) In December 2016, the civilian non-institutional population was 254,742. The number of...
(All numbers in thousands) In December 2016, the civilian non-institutional population was 254,742. The number of employed workers was 152,11 The number of unemployed workers was 7,529. The number not in the labor force is 95,102. What was the labor force participation rate? What was the employment rate? What was the unemployment rate? Why might the unemployment rate might underestimate the severity of an economic downturn?
Civilians Employed: 170 million Civilians Unemployed: 12 million Not in Labor Force: ? Total Civilian Population:...
Civilians Employed: 170 million Civilians Unemployed: 12 million Not in Labor Force: ? Total Civilian Population: 220 million From the data provided, the employment rate is approximately ________ percent. A) 93.41 B) 97.45 C) 93.82 D) 91.42
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?
Question 1: For the state of Texas: Population = 27.5 million Civilian labor force = 13.3...
Question 1: For the state of Texas: Population = 27.5 million Civilian labor force = 13.3 million Employment = 12.7 million a) What is the labor force participation rate? b) What is the rate of unemployment?
If there are 56 million unemployed and 200 million employed people in Country N, what is...
If there are 56 million unemployed and 200 million employed people in Country N, what is the labor force participation rate if Country N's total adult working-age population is 389 million people? (round your answer to the nearest 10th) Sorry, that's incorrect. Try again? labor force participation rate = 51.4%
3. ASSUMING THE TOTAL POPULATION IS 100 MILLION, THE CIVILIAN LABOR FORCE IS 50 MILLION, AND...
3. ASSUMING THE TOTAL POPULATION IS 100 MILLION, THE CIVILIAN LABOR FORCE IS 50 MILLION, AND 47 MILLION WORKERS ARE EMPLOYED, THE UNEMPLOYMENT RATE IS_PERCENT. 4. IF THE UNEMPLOYMENT RATE IS 9 PERCENT AND THE NATURAL RATE OF UNEMPLOYMENT IS 5 PERCENT, THEN THE CYCLICAL UNEMPLOYMENT RATE IS PERCENT
1) If a country has a population of 500 million, an adult working age population of...
1) If a country has a population of 500 million, an adult working age population of 300 million, and there are 160 million people employed and 40 million people looking for work, then its unemployment rate is A) 8% B) 13.33. C) 20% D) 25% E) none of the above. 2) If disposable income increases by $100 million, and consumption increases by $75 million, then the marginal propensity to consume is A) 0.9. B) 0.8. C) 0.75 D) 0.6. 3)...
4 Suppose that the civilian non-institutional working age population is 244,863, the civilian labor force 155,654, and the employment to population ratio 58.6%. a)What is the unemployment rate? b What is the labor force participation rate? c) If the civilian non-institutional population grows by 1% over the next year and the labor force participation rate remains constant, how many jobs must be created over the next year to leave the unemployment rate unchanged? d) If there is no change in...
In an economy, the working-age population is 400 million. Of this total, 300 million workers are employed. 16 million workers are unemployed. 64 million workers are not available for work (homemakers, full-time students, etc.). 12 million workers are available for work but are discouraged and thus are not seeking work. 8 million workers are available for work but are not currently seeking work due to transportation or childcare problems. The unemployment rate in this economy is % (Round your answer...
Which of the following statements is INCORRECT? Select one: a. The unemployment rate is the number of persons who are unemployed divided by the labor force then times 100. b. The labor-force participation rate is the labor force divided by the working-age population then times 100. C. The labor force is equal to the number of people employed plus the number of people unemployed. d. The working age population includes everyone over the age of 16. Next page 19 Hamdan...
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?
If there are 56 million unemployed and 200 million employed people in Country N, what is the labor force participation rate if Country N's total adult working-age population is 389 million people? (round your answer to the nearest 10th) Sorry, that's incorrect. Try again? labor force participation rate = 51.4%
3. ASSUMING THE TOTAL POPULATION IS 100 MILLION, THE CIVILIAN LABOR FORCE IS 50 MILLION, AND 47 MILLION WORKERS ARE EMPLOYED, THE UNEMPLOYMENT RATE IS_PERCENT. 4. IF THE UNEMPLOYMENT RATE IS 9 PERCENT AND THE NATURAL RATE OF UNEMPLOYMENT IS 5 PERCENT, THEN THE CYCLICAL UNEMPLOYMENT RATE IS PERCENT
1) If a country has a population of 500 million, an adult working age population of 300 million, and there are 160 million people employed and 40 million people looking for work, then its unemployment rate is A) 8% B) 13.33. C) 20% D) 25% E) none of the above. 2) If disposable income increases by $100 million, and consumption increases by $75 million, then the marginal propensity to consume is A) 0.9. B) 0.8. C) 0.75 D) 0.6. 3)...
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