If there are 420,000 persons aged 16 or older in the economy and 295,000 people are...
Calculating Data for the U.S. Economy. Here are some data for the U.S. economy in January 2017 256.78 million individuals 16 years of age and older. 154.43 million employed. 6.68 million unemployed. In the U.S. economy, the labor force is million. (Enter your response rounded to two decimal places.) The labor force participation rate is percent. (Enter your response as a percentage rounded to two decimal places.) The unemployment rate is percent. (Enter your response as a percentage rounded to...
1. Suppose 21 million people are unemployed today in an economy. If the rate of job separation is 0.02 per month and the rate of job finding is 0.08 per month, what is the natural rate of unemployment? If labor force remains unchanged over time and 64 million people are employed in the steady-state of the economy, how many people are unemployed in the steady-state?
The following table shows the reasons given by people 16 years
of age and older n the US who are not in the labor force for not
working in early 2015. Counts are in thousands of people.
What percent of the unemployed population were available to
work now?
What percent of the unemployed population were available to
work now and were aged 25 to 54 years?
What percent of unemployed 16- to 24-year olds were in school
or training?
What...
in 2007 the us labor force was equal to thousands
QUESTION 1 Refer to the data in the table to answer all of the questions that follow. All of the numbers are from the Bureau of Labor Statistics. The Civilian Noninstitutional Population' is defined as "persons 16 years of age and older residing in the 50 states and the District of Columbia who do not live in institutions (for example. correctional facilities, long-term care hospitals, and nursing homes) and who...
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it is Macroeconomics
20) As per capita GDP has increased a) life expectancy has decreased b) rate of illiteracy has increased c) rate of infant mortality has increased d) amount of leisure time has increased in the US and other O countries, the 21) Which of the following will most likely occur during the a) real GDP rises, unemployment rate falls b) real GDP declines, inflation rate rises c) le of...
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While economists measure unemployment at the macroeconomic level, microeconomic forces are often responsible for this macro aggregate. In other words, the tie between microeconomics and macroeconomics is inevitable when discussing the level of unemployment in an economy. Suppose the following graph represents the market for unskilled labor in a fictional economy. These workers typically represent the young, inexperienced, or uneducated part of the labor force and are therefore most effected by...
Q1 Which of the following are included and which are excluded in calculating this year's GDP. Explain in each instance. a. A monthly scholarship cheque received by an economics student b. The purchase of an almost new tractor by farmer Kojo C. The cashing in of a savings bond d. An increase in business inventories e. Tim Horton's purchases a corner grocery store f. Fearless Qweenie Kong, a stuntwoman, purchases a life insurance policy for a billion dollars ($) g....
macroeconomic
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8. If the price of coffee decreases, all else held coestant, the Law of Demand states that a firms will produce more coffee b. people will buy more coffee 9. If the price of coffee decreases, all else held constant, the Law of Supply states that a firms will produce more coffee b. people will buy more coffee e. firms will produce less coffee d people will buy more milk shakes c....
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
Question 10 5 pts Social Problems, Chapter 2 The distribution of income in the United States over the past thirty years has become significantly more unequal. become significantly more equal. stayed about the same. changed to give the middle fifth of the population a significantly larger share. Question 2 5 pts Social Problems, Chapter 2 The authors of this text take the view that the social classes in U.S. society relate to one another in terms of dependence and exploitation....