Question

Chapter 29 Assignment Ch 9 Flashcari A County Anual Growth Rat A Country Anxual Rat+ + Chapter 29 Assignment 24 Assume the following data for a country Number Category People, Millions 500 120 100 42 10 3.44 points Total population Population under 16 years of age or institutionalized Not in labor force Unemployed Part-time workers looking for full-time jobs eBook Print References Instructions: Enter your answers as whole numbers a. What is the size of the labor force? million Pre 24 of 29 Nex Type here to search
1 0
Add a comment Improve this question Transcribed image text
Answer #1

The labour force include those employed and unemployed persons in the country. The labour force avoids the population under 16 years of age or institutionalized. The part time workers are included in the employed category and they are in the labour force.

So we have the number of unemployed people and that is 42 million and the number of part time workers is 10 million and it is added in the labour force.

We exclude the number of people not in the labour force and the population under 16.

500 - 220(100 + 120)

280

Labour force 280

Ans: 280 million.

Add a comment
Know the answer?
Add Answer to:
Chapter 29 Assignment Ch 9 Flashcari A County Anual Growth Rat A Country Anxual Rat+ +...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Window Help M2 33D Sat 6:54 PM Raul Rodriguez wwnorton.com Smartworks ployment: Homework 09/29/19 84% [email protected]...

    Window Help M2 33D Sat 6:54 PM Raul Rodriguez wwnorton.com Smartworks ployment: Homework 09/29/19 84% [email protected] Use the table below to answer the question. Category Number of people (millions) Institutionalized Full-time workers Less than 16 years of age Armed forces (noncivilian) Part-time workers Population Looking for work The unemployment rate is (give your answer to two decimals): 9.23 SUBMIT ANSWER 14 OF 16 QUESTIONS COMPLETED < 15/16 > loyment: Homework 09/29/19 8426 raul_rodriguez1my.cuesta Armed forces (noncivilian) Part-time workers Population Looking...

  • Use the following table to answer questions 4-6. Number of people (millions) 250 30 15 20...

    Use the following table to answer questions 4-6. Number of people (millions) 250 30 15 20 145 10 10 Category Total population Less than 16 years of age Institutionalized Part-time workers Full-time workers Looking for jobs in the past 4 weeks In U.S. Armed Forces 4) Using the table above, the working-age population is: 5) Using the table above, the nmber of people in the labor force is: 6) Using the table above, the unemployment rate is 7) The unemployment...

  • Critical Thinking: Assume an economy that has a total population of 290 million people of which...

    Critical Thinking: Assume an economy that has a total population of 290 million people of which 50 million are not eligible to work. Assume the economy has a LFPR of 75% where everyone would like full-time work, but only 130 million people are working full-time and the remainder is engaged in part time work. An evaluation of the rest of the labor force would be broken down as such: a recent recession caused the industrial sector to lay off 30...

  • Question 42 5 pts Problem 2 a: Referencing the above business cycle graph, which of the...

    Question 42 5 pts Problem 2 a: Referencing the above business cycle graph, which of the following statements is correct? Regions 1, 2, & 3 of the graph represent Contraction, Recession, & Trough phases, respectively. Regions 4, 5, & 6 represent Recovery, Expansion, & Peak phases, respectively. Regions 7,8,& 9 represent the Long-term Growth Trend, Economic Activity, & Time, respectively. Regions 1, 2, & 3 of the graph represent Recession, Contraction, & Trough phases, respectively. Regions 4, 5, & 6...

  • we were como THAIGAL NOTEBOOKS AL GRAMING TRUM CHAPTER 4 MEASURING THE ECONOMY : UNEMPLOYMENT AND...

    we were como THAIGAL NOTEBOOKS AL GRAMING TRUM CHAPTER 4 MEASURING THE ECONOMY : UNEMPLOYMENT AND INSLATION 161 Calculate real incaunes. - 2016: - 2017: 2015: - Calculate the percentage that real incomes rose. 2017 three countries tall with the same base year with figures converted to Canadian 2016 (LO3) The data for three dollars are shown in Table 4.12. TABLE 4.12 Population millions) Nominal GDP 15billions Price Index 2009 - 100 35 140 $ 715 2200 2875 Altria Bergan...

  • Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor...

    Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...

  • Q1 Which of the following are included and which are excluded in calculating this year's GDP....

    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....

  • 1. Structural unemployment is the result of A) short-term movement of workers between jobs. B) job...

    1. Structural unemployment is the result of A) short-term movement of workers between jobs. B) job search for first-time job seekers. C) technological change or permanent changes in industry demand. D) business cycle fluctuations. E) recurring changes in the hiring needs of certain industries. 2. The real interest rate equals A) the nominal interest rate minus the rate of unexpected inflation. B) the rate of expected inflation minus the nominal interest rate. C) the nominal interest rate minus the rate...

  • Should World Kitchen outsource Pyrex production and close the Charleroi plant? If so, how many suppliers should the company employ and where should they be located? We were una...

    Should World Kitchen outsource Pyrex production and close the Charleroi plant? If so, how many suppliers should the company employ and where should they be located? We were unable to transcribe this imagedishwas resulted from a process that pressed together yers of thin, strengthened opaque glass. products if they were moved overseas and simply source the lower-cost private-label versions directly sales and marketing functions. THE MARKET Givsn its extensive experience with outsourcing the Giobal Sourcing Department at World Kitchen had...

  • FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President...

    FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President passing legislation that will empower the federal government to spend an unprecedented amount of EXTRA money not seen since World War 2 ---- in order to address the pandemic but also to help cushion the blow financially of perhaps ten or twenty million Americans --- or more --- losing their jobs, and thus suffering a drop in income. The scale of the 2020 recession...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT