Homework Answers
Unemployment rate = unemployed / labor force * 100 = 7 million / (140+7) million *100 = 7/147 *100 = 0.0476*100 = 4.76%
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stion 5 of 20 Resources Give Up? Hint Check And > Attemp The table describes hypothetical...
LX The table describes hypothetical employment statistics in the United States in a given year. The...
LX The table describes hypothetical employment statistics in the United States in a given year. The labor force is the sum of those that are employed plus the unemployed. Labor Full-time workers and UnderemployedDiscouraged force voluntary part-workers workers workers 170 140 million 7 million 5 million million Based on the information, what is the unemployment rate? Specify your answer to one decimal place. unemployment rate: 4.12 %
The table describes hypothetical employment statistics in the United States in a given year. The labor...
The table describes hypothetical employment statistics in the United States in a given year. The labor force is the sum of those that are employed plus the unemployed. Labor Full-time workers and UnderemployedDiscouraged force voluntary part-workers workersworkers million5 million 155 140 million million Based on the information, what is the unemployment rate? Specify your answer to one decimal place unemployment rate
The table describes hypothetical employment statistics in the United States in a given year. The labor...
The table describes hypothetical employment statistics in the United States in a given year. The labor force is the sum of those that are employed plus the unemployed. Labor Full-time workers and UnderemployedDiscouraged force voluntary part-workers 155 million workers workers 140 million 7 mion 5 mon Based on the information, what is the unemployment rate? Specify your answer to one decimal place. unemployment rate: 5.2
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...
The table describes hypothetical employment statistics for a country in a given year. Labor force Full-time...
The table describes hypothetical employment statistics for a country in a given year. Labor force Full-time workers and voluntary part-time workers Involuntary part-time workers Discouraged workers 174 million 162 million 8 million 6 million Based on the information, what is the unemployment rate? Enter your answer as percentage rounded to one decimal place.
The table describes hypothetical employment statistics for a country in a given year. Full-time workers and...
The table describes hypothetical employment statistics for a country in a given year. Full-time workers and Labor force Involuntary part-time workers Discouraged workers voluntary part-time workers 188 milliorn 200 milliorn 6 million 4 million Based on the information, what is the unemployment rate? Enter your answer as percentage rounded to one decimal place.
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?
inment Score: 24.5% Resources Hint Check Answer < Question 6 of 20 > The table shows...
inment Score: 24.5% Resources Hint Check Answer < Question 6 of 20 > The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people Employed 5905 Unemployed 452 Not in the labor force 561 What is the total labor force? 6357 What is the labor force participation rate? 91.89 What is the unemployment rate? 7.11 Suppose 266 of the 452 unemployed people have been...
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...
3. The table below shows unemployment and labor force statistics for an economy. Actual rate of...
3. The table below shows unemployment and labor force statistics for an economy.Actual rate of unemployment3%Natural rate of unemployment4%Population of the country125mitlonNumber of people employed97miltionNumber of people unemployed3 millionNumber of people employed part-time5 millionNumber of discouraged workers2 milliona. Calculate the size of the labor force.b. Calculate the labor force participation rate. Show your work.c. Given the state of the economy described in the table, is actual real output less than, greater than, or equal to potential real output? Explain.d. Calculate...
LX The table describes hypothetical employment statistics in the United States in a given year. The labor force is the sum of those that are employed plus the unemployed. Labor Full-time workers and UnderemployedDiscouraged force voluntary part-workers workers workers 170 140 million 7 million 5 million million Based on the information, what is the unemployment rate? Specify your answer to one decimal place. unemployment rate: 4.12 %
The table describes hypothetical employment statistics in the United States in a given year. The labor force is the sum of those that are employed plus the unemployed. Labor Full-time workers and UnderemployedDiscouraged force voluntary part-workers workersworkers million5 million 155 140 million million Based on the information, what is the unemployment rate? Specify your answer to one decimal place unemployment rate
The table describes hypothetical employment statistics in the United States in a given year. The labor force is the sum of those that are employed plus the unemployed. Labor Full-time workers and UnderemployedDiscouraged force voluntary part-workers 155 million workers workers 140 million 7 mion 5 mon Based on the information, what is the unemployment rate? Specify your answer to one decimal place. unemployment rate: 5.2
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...
The table describes hypothetical employment statistics for a country in a given year. Full-time workers and Labor force Involuntary part-time workers Discouraged workers voluntary part-time workers 188 milliorn 200 milliorn 6 million 4 million Based on the information, what is the unemployment rate? Enter your answer as percentage rounded to one decimal place.
inment Score: 24.5% Resources Hint Check Answer < Question 6 of 20 > The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places. Category Number of people Employed 5905 Unemployed 452 Not in the labor force 561 What is the total labor force? 6357 What is the labor force participation rate? 91.89 What is the unemployment rate? 7.11 Suppose 266 of the 452 unemployed people have been...
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...
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